Graduate and Professional Student Loans

Loans are financial aid awards that require repayment with interest under varying terms and conditions. The loans must be repaid after you graduate, withdraw from college, or drop below half-time enrollment status (fewer than six units per quarter). Note that the loan amount you request in addition to all awards received cannot exceed the cost of attendance.

Admitted and continuing students must log in to MyAwards to view their aid package and requirements. The package may include federal loan offers from funds mentioned below.

Federal Loans

To be considered for a federal student loan, applicants must meet the following criteria:

  • They must be enrolled in a degree-seeking program.
  • They must be enrolled six or more units per quarter.
  • They must be a U.S. citizen or eligible non-citizen.
  • They must be making the Financial Aid & Scholarships Office satisfactory academic progress for maintaining financial aid.
  • They must not be in default on a prior federal student loan or exceed lifetime borrowing limits.

University of California Policy on Education Loan Practices

Federal Loan Type Highlights
Direct Unsubsidized
  • Available to students regardless of financial need
  • Unsubsidized loan, the borrower is responsible for paying interest while enrolled in school
  • $20,500 annual maximum for graduate and professional students
  • Interest rate and loan fees for the year are determined annually on July 1
  • Loan servicer will be assigned by the U.S. Department of Education (DOE)
  • does not require a credit check
  • Processing fee deducted from each disbursement
Perkins
  • Available to students who demonstrate financial need on the FAFSA; however, funds are limited
  • Loan is subsidized
  • Fund amounts vary from year to year
  • 5% annual interest rate
  • 9 month grace period
  • No processing fees
Graduate PLUS
  • Unsubsidized loan, the borrower is responsible for paying interest while enrolled in school
  • May borrow up to the cost of attendance minus financial aid and outside resources.
  • Interest rate and loan fees for the year are determined annually on July 1
  • Credit check required
  • Borrowers can apply on Studentloans.gov
  • First payment is due within 60 days of final loan disbursement
  • Processing fee deducted from each disbursement

Note: The Budget Control Act of 2011 eliminated subsidized loan eligibility for graduate and professional students for loan periods of enrollment beginning on or after July 1, 2012