Loans are a form of financial aid that must be repaid. Educational loans have varying fees, interest rates, repayment terms, and/or borrower protections. 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, that the loan amount you request and all other aid 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 the funds mentioned below.
Loan acceptance, increases, and requirements must be completed by the published deadlines.
| Last Registered Term of Attendance | Final Deadline |
|---|---|
| Summer 2024 Session 1 | Aug 1 |
| Summer 2024 Session 2 | Sep 12 |
| Summer 2024 Sessions 1 and 2 | Sep 12 |
| Fall Quarter 2024 | Dec 5 |
| Winter Quarter 2025 | Mar 13 |
| Spring Quarter 2025 | Jun 4 |
MPN and Entrance Counseling received after the following deadline dates may not be processed.
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:
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 studentaid.gov for loan servicer information on all Federal loans.
The following chart shows the annual and aggregate loan limits for subsidized and unsubsidized loans:
| Dependent Undergraduates | Units | Subsidized | Unsubsidized | Annual Total |
|---|---|---|---|---|
| Freshmen | 0-44.9 units | $3,500 | $2,000 | $5,500 |
| Sophomore | 45-89.9 units | $4,500 | $2,000 | $6,500 |
| Junior | 90-134.5 units | $5,500 | $2,000 | $7,500 |
| Senior | 135+ units | $5,500 | $2,000 | $7,500 |
| Independent Undergraduates OR Undergraduates whose parents are unable to borrow Direct PLUS | Units | Subsidized | Unsubsidized | Annual Total |
|---|---|---|---|---|
| Freshmen | 0-44.9 units | $3,500 | $6,000 | $9,500 |
| Sophomore | 45-89.9 units | $4,500 | $6,000 | $10,500 |
| Junior | 90-134.5 units | $5,500 | $7,000 | $12,500 |
| Senior | 135+ units | $5,500 | $7,000 | $12,500 |
| Subsidized | Unsubsidized | Total | |
|---|---|---|---|
| Dependent Undergraduates | $23,000 | $8,000 | $31,000 |
| Independent Undergraduates | $23,000 | $34,500 | $57,500 |
The Federal Perkins loan program ended on September 30, 2017. No new loan offers can be made after this date.
UC Davis offers university-based loans that 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
Attention 2024-25 University Loan borrowers: The Truth in Lending and Right to Cancel requirement access will be available after July 25, 2024.
The California DREAM Loan Program provides eligible AB540 students with the option to borrow a California DREAM Loan to assist with the cost of attending UC Davis. The California DREAM Loan is based on a student's financial need.
Loan Details:
Minimum award: $200
Maximum award: $4,000
Total Aggregate Maximum: $20,000
Loan Servicer: Heartland ECSI
Eligibility Requirements:
To qualify for the California DREAM Loan, students must:
How to Apply and Accept:
2024-25 loan offers can be accepted or declined in MyAwards beginning July 22, 2024. Requirements can be completed after the loan has been accepted.
Attention 2024-25 Dream Loan borrowers: The Truth in Lending and Right to Cancel requirement access will be available after July 25, 2024.
Interest Rates:
Interest rates vary annually and are aligned with the Federal Direct Subsidized Loan Interest Rate :
Borrower is not responsible for paying the interest if:
Repayment:
Repayment begins 6 months after you graduate, leave school, or drop below half-time enrollment.
To apply for a deferment, forbearance, or cancellation, contact Heartland ECSI at (888) 549-3274
Exit Requirements
When you leave UC Davis, you must complete the Loan Exit Counseling. You should expect to receive an email notification with instructions on how to complete this requirement.
