# Financial Aid and Scholarships

**Source**: https://financialaid.ucdavis.edu/loans/university
**Parent**: https://financialaid.ucdavis.edu/loans/undergraduate/ParentPLUS

# University Loans

## University Loans

Loans are a form of financial aid that must be repaid. Educational loans have varying fees, interest rates, repayment terms, and/or borrower protections. Financial Aid and Scholarships recommends borrowing only what you need to pay for your educational expenses. Loans will enter repayment when you graduate, stop attending school, or drop below half-time status. It is important that you take a moment to:

- Create your in-school budget to estimate how much you will need to borrow each school year
- Review the terms and conditions of each loan you borrow
- Track your loan history

UC Davis offers **university-based loans** to pay for the annual cost of attendance, less any financial aid received. University loans have varying interest rates, fees, and repayment options, and are made on the basis of financial need. Interest accrues once the borrower ceases to be enrolled at least half-time. Repayment generally begins after you graduate or enroll less than half-time. Review the promissory note and disclosure statements for additional information about deferment periods and repayment schedules.

**Please note:** Non-California residents are not eligible for university student loans.

Minimum amount: $200  **|**Maximum amount: $4,000\

#### University Loan Servicer

[**Heartland ECSI**](https://heartland.ecsi.net/index.html)

**Phone Number**: (888) 549-3274

**Hours**: 7:30 AM - 9:00 PM EST, Monday to Friday

## University Computer Loan

In keeping with the[UC Davis Computer Ownership guidelines](https://kb.ucdavis.edu/?id=0764), Financial Aid and Scholarships can provide eligible **undergraduate and graduate** Free Application for Federal Student Aid (FAFSA) filers and **undergraduate** California Dream Act Application (CADAA) filers at UC Davis with a computer loan for up to $2,500. This loan can be requested once during a student's academic pursuit at UC Davis. The loan request can be submitted as a [Cost of Attendance Appeal](https://financialaid.ucdavis.edu/computer-purchase).

Minimum award: $200

Maximum award: $2,500

**Loan Servicer**: [Heartland ECSI](https://heartland.ecsi.net/)

- Interest rate: 5%
- Processing fee: N/A
- Deferment period: 6 months
- Does not require a credit check

## Jack Liter Loan

- Offered to students who are experiencing a shortage of funds and have reached the aggregate federal loan limits, or are unable to borrow private loans to pay tuition and fees.
- Students must be in good standing with federal loans and submit an appeal for consideration.
- The appeal should be typed and include the student's full name, student identification number, desired loan amount, and a minimum of three (3) credit denial notices.
- To appeal for a Jack Liter loan, please come in person during our drop-in hours with three (3) credit denial notices from private lenders.
- Interest rate: 8%
- Processing fees: N/A
- Grace Period: 6 months
- Does not require a credit check
- Approvals are based on funding availability at the time of processing

## Fradkin Loan

- Established by Albert G. and Lillian R. Fradkin
- Preference given to graduate students in good academic standing performing research in viticulture
- More information is available at [Albert G. & Lillian R. Fradkin Student Loan Fund](https://wineserver.ucdavis.edu/giving/scholarhips-endowments/albert-g-lillian-r-fradkin-student-loan-fund)
- Interest-free annual loans offered up to the cost of annual **graduate** student in-state educational fees charged by UC Davis
- These funds shall be used to pay for living or educational expenses, with preference given to graduate students exhibiting financial need
- Must be a U.S. Citizen
- Repayment is to begin one year after a student ceases to be a full-time registered student at UCD or another university
- Repayment shall be made over no more than 10 years, with the payments going to the Department of Viticultural and Enology and shall be used in making new loan offers

[**Corbett Disclosure**](https://financialaid.ucdavis.edu/loans/corbett)

[**Direct Loan Fee Calculator**](https://financialaid.ucdavis.edu/loans/before/calculator)

[**Emergency and Short-Term Loans**](https://financialaid.ucdavis.edu/loans/short-term)

[**Graduate Loans**](https://financialaid.ucdavis.edu/graduate/loans)

[**Major-Specific Loans**](https://financialaid.ucdavis.edu/loans/specific)

[**Parent PLUS Loans**](https://financialaid.ucdavis.edu/loans/undergraduate/ParentPLUS)

[**Private Loans**](https://financialaid.ucdavis.edu/loans/private)

[**Undergraduate Student Loans**](https://financialaid.ucdavis.edu/loans/undergraduate)

[Before You Borrow](https://financialaid.ucdavis.edu/loans/before)

[Keeping Track of Loans](https://financialaid.ucdavis.edu/loans/keeping-track)

[Repaying Loans](https://financialaid.ucdavis.edu/loans/repaying)