Financial Aid and Scholarships
Source: https://financialaid.ucdavis.edu/loans/undergraduate/university Parent: https://financialaid.ucdavis.edu/undergraduate/types/ab540
University Student Loan
University Student Loan
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.
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.
Loan details
- Minimum award: $100
- Maximum award: $4,000
- Loan Servicer: Heartland ECSI
- Awarded to qualifying students who demonstrate financial need and file an educational expense appeal.
- Funds are awarded to assist with additional living expenses, child care, and a 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
- 2026-27 loan offers can be accepted or declined in MyAwards beginning mid-late July. Requirements can be completed after the loan has been accepted.
- 2026-27 Loan Agreement for a Subsidized/Unsubsidized Loan (MPN) and Entrance Counseling files will be uploaded starting late July. Keep confirmation(s) for your records.
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:
- Enrolled at least half-time at an eligible school, OR
- Within six (6) months of having been enrolled at least half-time, OR
- During a period of deferment
Important dates
See undergraduate student loans for important loan dates.
Exit requirements
When you leave UC Davis, you must complete loan exit counseling. You should expect to receive an email notification with instructions on how to complete this requirement. Learn more about exit requirements at Repaying loans.
Repayment
Repayment begins 6 months after you graduate, leave school, or drop below half-time enrollment. Learn more at Repaying loans.