William D. Ford Federal Loan Program
- Student must be a U.S. Citizen, U.S. Permanent Resident, or Eligible Non-Citizen
- Student must have a valid Social Security Number
- Student must be enrolled at least half-time (6 units) per semester
- Student must not be in default on a federal educational loan and not owe a refund on a federal grant
- Male students must be registered with the Selective Service or must obtain a waiver from the Selective Service Office
The Direct Unsubsidized Loan limit for the Master of Financial Engineering is $20,500. Interest accrual is not compounded or capitalized during periods of enrollment; the accrued interest is capitalized when you enter repayment.
- 4.30% fixed interest rate (on or after July 1, 2020, and before July 1, 2021)
- 1.059% loan origination fee upon disbursement
- 6 months grace period
- No credit check required
- No prepayment penalties
Students may borrow up to the remaining Cost of Attendance per academic year through the Direct Graduate Plus Loan. Interest accrual is not compounded or capitalized during periods of enrollment; the accrued interest is capitalized when you enter repayment.
- 5.30% fixed interest rate (on or after July 1, 2020, and before July 1, 2021)
- 4.236% loan origination fee upon disbursement
- Credit check required
- No prepayment penalties
Note: Students with an adverse credit history must obtain an endorser or appeal the credit decision with the Department of Education.
Step 1 – Create an FSA ID
Step 2 – File the Free Application for Federal Student Aid (FAFSA). Our school code is 001312.
**Class of 2022: Complete the 2020-21 & 2021-22 FAFSA.
**Class of 2021: Complete 2019-20 & 2020-21 FAFSA.
Step 3 – Once you have a UC CalNet ID and passphrase and have received your Financial Award Notification, accept your awards on CalCentral.
Step 4 – Complete Online Requirements
Step 5 – Sign up for Direct Deposit
Noted Below, a chart summarizing the borrowing limits for the William D. Ford Federal Loan Program for the class entering in May 2019. This is the estimated loan amounts you may anticipate to be offered to you each semester.
| Terms | Spring 2019 | Summer 2019 | Fall 2019 | Winter 2020 | Itemized Total |
| Unsubsidized Loan | $5,125 | $5,125 | $5,125 | $5,125 | $20,500 |
| Graduate Plus Loan | $23,013 | $21,180 | $23,825 | $23,606 | $91,405 |
| Total/Term | $28,138 | $26,305 | $28,950 | $28,512 | $111,905 |
Students are expected to maintain Satisfactory Academic Progress (SAP) with a minimum cumulative grade point average of 3.0 for continued participation in the William D. Ford Federal Loan Program. A student will be placed on academic probation when the G.P.A. falls below the minimum requirement and may become ineligible for future scheduled private loan disbursements.
IMPORTANT: Please contact the Haas Financial Aid Office immediately if you become aware of financial aid exceeding the Cost of Attendance. A loan return may need to be initiated if a student anticipates any additional funding that may exceed the Cost of Attendance.