Loans for Graduate Students

Students walking through hallways and stairwells.
Important Notice: UC Davis will be performing a system update from September 25th through October 1st. During this time frame, our office will not be processing any requests to accept, decline, or revise any Federal Direct Loans. Additionally, the school will be unable to satisfy requirements for any completed Master Promissory Notes (MPNs) or Entrance Counseling. We apologize for any inconvenience this may cause.

Loans are financial aid awards that require repayment with interest under varying terms and conditions. Borrowers must submit a Free Application for Federal Student Aid (FAFSA) and meet eligibility requirements to receive loans.

Direct Unsubsidized Loan
Available to graduate and professional students; eligibility is not based on financial need.

  • Minimum: $200
  • Maximum: $20,500

Direct Graduate PLUS Loan
Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify. 

  • Minimum: $200
  • Maximum: varies by student

To calculate maximum use: cost of attendance minus estimated financial assistance = PLUS Loan eligibility. Estimated financial assistance includes grant, scholarship, sponsorships, fee remissions, and other department resources.

Steps to apply for loans:

  • Log into MyAwards
    • Accept or decline the loan. Complete the next steps if you accepted the loan(s).
    • Go to the requirements tab. Review and complete loan requirements:
      • Promissory Note 
      • Entrance counseling 
  • Review the Annual Student Loan Acknowledgement on studentaid.gov to review loan history. This action will be required for all borrowers effective in the 2021-22 academic year.
  • Review important dates to confirm when the school will begin to satisfy loan requirements. Keep confirmation of the completed requirements for your records.

Declining or reducing loans:
Borrowers can decline all or part of the loan. Direct loan fund revisions may be requested within 120 days of the disbursement date. A balance may be created if the loan funds you are declining have already been applied to your MyBill account. Visit MyBill to review and repay any account balances created by the revision request.

Note: If the request is received outside of the 120-day disbursement period, the school will make a partial loan revision and direct you to the appropriate loan servicer for repayment guidance.

Steps to decline/reduce loan:

  • Log into MyAwards
    • Select "Awards"
    • Scroll down to select “submit a change in aid request”
    • Select "Make changes to my loans"
    • Submit form for processing