Graduate and Professional Student Loans

Graduate and Professional 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). Please note, 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.

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

Important Graduate Loan Dates

Loan acceptance, increases and requirements must be completed by the published deadlines for the 2019-20 academic year.

Last Registered Term of Attendance Deadline
Fall Quarter 2020 Nov 27
Winter Quarter 2021 Feb 26
Spring Quarter 2021 May 7
Summer Sessions Not available during summer
   

University of California Policy on Education Loan Practices

MPN and Entrance Counseling received after the following deadline dates cannot be processed. 

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

Direct Loan Disbursements: Loans are awarded in three equal disbursements over the Fall, Winter and Spring quarters. For example, if a borrower requests $3,500 for a loan period that includes three quarters the loan disbursements would be:

  • Fall $1167
  • Winter $1167
  • Spring $1166

For students that plan to attend one or two quarters: Submit a Change in Aid form to report changes to your enrollment. Financial aid staff will update your MyAwards account in order for you to review pro-rated loan eligibility. Funds will be disbursed equally across the quarters of attendance.

Loan Servicer: Visit National Student Loan Data System (NSLDS) for loan servicer information on all Federal loans.

Please see general eligibility requirements for federal student aid for more details.

Federal Direct Unsubsidized Loan

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
    • Graduate and professional students enrolled in certain health profession programs may receive additional Direct Unsubsidized Loan amounts each academic year beyond those shown above. Contact your respective financial aid office for details.
  • 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
  • does not require a credit check
  • Processing fee deducted from each disbursement
  • 2020-21 loan offers can now be accepted or declined in MyAwards after April 26
  • 2020-21 Federal Direct Unsubsidized loan requirements will be uploaded starting July 15. Keep confirmations for your records. 

Graduate PLUS Loan

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 StudentAid.gov
  • First payment is due six months after borrower graduates, leaves school, or drops below half-time enrollment. 
  • Processing fee deducted from each disbursement
  • 2020-21 PLUS Master Promissory Note (MPN) for Graduate/Professionals and Direct PLUS Loan Application will be uploaded starting July 15. Keep confirmations for your records.