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Important Updates

  • If you have been selected for verification, the deadline is June 15, 2023.  Please review your email for instructions.
  • For California Middle Class Scholarship updates, please visit MCS.
  • For Biden-Harris Administration’s Student Debt Relief information, please visit Apply for Federal Student Loan Debt Relief.

Alternative Loans

Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.

Alternative education loans (also known as private loans) are an option for financing your education. Federal, state and university policy recommends that student borrowers maximize federal loans before the alternative/private loan request is processed. Complete a Free Application for Federal Student Aid (FAFSA) or California Dream Act Application (CADAA) in order to determine student loan eligibility. provides a federal and alternative/private loan comparison. Here are some things to consider: 

  • Alternative loan eligibility requirements vary from lender to lender
  • Alternative loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions
  • Students may also be required to meet citizenship requirements or provide a co-signer who meets citizenship requirements
  • The interest rate on a private loan may depend on the borrower’s and/or co-signer’s credit rating
  • Other eligibility requirements may apply depending on the lender
  • Review the interest rate and processing fees prior to borrowing

UC Davis is not involved in the alternative loan credit decision. All credit decision questions should be directed to the loan lender. Financial aid eligibility applies to all certifications of loan amounts.

School Certification Process

Financial aid staff will receive a certification request. Certifications will be reviewed for the 2023-24 academic year starting July 15, 2023. If you are using your University or Federal loans to meet your estimated Cost of Attendance, take action before this date in order for your loans to be applied to your fall charges due on September 15, 2023.

  • Staff will approve or deny alternative loan certification. Maximum eligibility is determined as follows:
    • Cost of Attendance; estimated financial aid (offered and accepted) will equal alternative loan eligibility
    • Alternative loan estimate posted on MyAwards and split among all registered terms
    • Lender approval is subject to award minimum and maximum criteria
  • The lender sends funds to UC Davis Cashier & Payment Solutions Office
  • Student Accounting applies loan funds to MyBill after financial aid staff reduces the placeholder

Loan Periods for Alternative Loans

Loan period for Summer 2023 Alternative Loans is as follows:
Aid Period Alternative Loan Period
Summer 2023 06/01/2023 - 09/30/2023


Loan periods for Academic Year 2023-24 Alternative Loans are as follows:
Aid Period Alternative Loan Period
2023-24 Academic Year 09/01/2023 - 06/15/2024
Fall 2023 09/01/2023 - 12/15/2023
Winter 2024 12/01/2023 - 03/22/2024
Spring 2024 03/01/2024 - 06/15/2024



Alternative/Private Lender List

To start your search, the UC Office of the President has put together a list of recommended lenders. Please be aware that you are not required to use any of the lenders on the list, they are simply provided for your convenience. Per the Higher Education Opportunity Act (HEOA) guidelines, our office adheres to the University of California Code of Conduct in regard to lender arrangements. If you have specific questions related to your credit history you should contact the alternative loan lenders at the numbers provided on the website listed below: