Undergraduate Student Loans

Undergraduate Student Loans

Loans are financial aid awards which 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 status (fewer than six units per quarter). Please note, the loan amount you request and all other 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.

Important Loan Dates

Loan acceptance, increases, and requirements must be completed by the published deadlines.

Last Registered Term of Attendance Deadline
Fall Quarter 2018 Nov 30
Winter Quarter 2019 Mar 8
Spring Quarter 2019 May 30
Summer 2019 Session 1 TBD
Summer 2019 Sessions 1 and 2 TBD
Summer 2019 Session 2 TBD

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:

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.

University Loans

UC Davis offers university based loans which have interest rates at 5% which accrue once the borrower ceases to be enrolled at least half-time. These loans are made on the basis of financial need. Review the promissory note and disclosures statements for additional information about deferment periods and repayment schedules.

Minimum award: $200

Maximum award: $4,000

Loan Servicer: Heartland ECSI 

Federal Direct Subsidized Loan

Federal Direct Subsidized Loan

  • Available to students with financial need
  • The U.S. Department of Education pays the interest on a Direct Subsidized loan
  • Interest rate and loan fees for the year are determined annually on July 1
  • Available to undergraduate students with financial need
  • Payments do not begin until after the 6 month grace period
  • Loan servicer will be assigned by the U.S. Department of Education
  • Does not require a credit check
  • Processing fee deducted from each disbursement
  • 2019-20 loan offer can be accepted or declined in MyAwards starting July 1, 2019. Additional loan requirements will be displayed at that time.

Federal Direct Unsubsidized Loan

Federal Direct Unsubsidized Loan

  • Available to students regardless of financial need
  • The borrower is responsible for paying interest while enrolled in school
  • Interest rate and loan fees for the year are determined annually on July 1
  • Payments do not begin until after the 6 month grace period
  • Loan servicer will be assigned by the U.S. Department of Education
  • Does not require a credit check
  • Processing fee deducted from each disbursement
  • 2019-20 loan offer can be accepted or declined in MyAwards starting July 1, 2019. Additional loan requirements will be displayed at that time.

Federal Perkins Loan

Federal Perkins Loan

  • Loan does not accrue interest for students enrolled half-time or more
  • 5% annual interest rate
  • 9 month grace period
  • Does not require a credit check
  • No processing fees
  • Limited availability
  • The Federal Perkins loan program ended on September 30, 2017. No new loan offers can be made after this date.
  • Subsequent Disbursements for Undergraduate students; An undergraduate student, who receives a disbursement of a Perkins Loan before October 1, 2017 for the 2017- 2018 award year, may receive any remaining disbursements of that 2017-2018 award year loan.

Parent PLUS Loan

Parent PLUS Loans
(for parents of dependent undergraduates)

  • Only available to the parent(s) of a dependent undergraduate student enrolled at least half-time
  • Parent(s) 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
  • Begins accruing interest at the time of disbursement
  • Processing fee deducted from each disbursement
  • First payment is due within 60 days of final annual disbursement
  • Must complete the Free Application for Federal Student Aid (FAFSA)
  • Credit check required
  • 2019- 20 PLUS loan applicants must wait until April 5, 2019 to submit a loan application and requirements on studentloans.gov. Additional PLUS loan requirements will be displayed at that time.

University Student Loan

  • Awarded to qualifying students that demonstrate financial need and file an educational expense appeal. 
  • Funds are awarded to assist with additional living expenses, child care, and first time computer purchase.
  • Limited funding may also be available for summer
  • Interest rate: 5%
  • Processing fee: N/A
  • Deferment period: 6 months
  • Does not require a credit check
  • 2019-20 loan offer can be accepted or declined in MyAwards starting July 1, 2019. Additional loan requirements will be displayed at that time.