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Private Loan Programs

Learn about student loans and other programs available from private sources.

Facts about private loan programs:

  • Federal loan programs for undergraduates or graduate students may provide you with better terms and conditions.
  • Before you borrow, read Federal Versus Private Loans.
  • Before you borrow, pursue other types of financial aid, including outside agency scholarships.
  • Remember that borrowing money is a serious responsibility: You must repay loans with interest.
  • You don't need to file a FAFSA to obtain loans from private lenders.
  • Read more about loans.

Important note:

Find private loans for both undergraduate and graduate/ professional students:

Note: Summer is considered part of the 2015-16 academic school year. Before you apply, review the charts below to ensure you are using the correct loan period for the term you are applying to.

Disbursement requirements

Be sure to complete the required Private Education Loan Applicant Self-Certification and submit it to the lender. For assistance completing the form, please click here. This is required for disbursement of your loan funds. Contact your lender about additional requirements which may be needed. Once your funds are received, they will be credited to your UCSD student account provided you have met all the lender requirements, such as enrolled number of units. Additionally, in order to receive your funds, you must not have any university payment holds.

Right to cancel

Please be aware that all Private Education Loan Lenders are required by law to give borrowers a minimum 3-day "Right to Cancel" period before they can disburse money to the school. This "Right to Cancel" period will begin after the lender receives the private loan certification from the school and all other required documents have been submitted to the lender by the borrower. Please contact your lender directly to find out the exact date your funds will be released to the school.

Note: These are the anticipated dates your money will post to your UCSD Student Accounts providing all requirements are met. Your actual disbursement date will depend on you completing all of the requirements for the lender and that lender’s RIGHT TO CANCEL period. Student Business Services (SBS) will begin sending refunds of excess money to you or your bank at the beginning of each quarter or in the case of summer, the beginning of each Summer Session period. Learn more: Financial Aid: How Do I Get My Money?


2016 Summer (3 month)
Summer is considered part of the 2015-16 academic school year.
Loan Period
Begin Date
Loan Period
End Date
Anticipated
Disbursement Dates
Summer Session 1 & Session 2, use: June 27, 2016 September 3, 2016 6/18/16
7/23/16
Summer Session 1 only, use: June 27, 2016 July 23, 2016 6/18/16
Summer Session 2 only, use: August 1, 2016 September 3, 2016 7/23/16
Special Session (Summer Session 3) courses, use: Varies by class from
6/13 to 9/16
2016
Varies by class from
6/13 to 9/16
2016
2 days before class start
Global Seminar, use: June 27, 2016 July 23, 2016 6/18/16
*New UCNYC, use: June 27, 2016 July 23, 2016 6/18/16
2016–17 Academic Year
(9 month)
Loan Period
Begin Date
Loan Period
End Date
Anticipated
Disbursement Dates
Full academic year, use: September 22, 2016 June 16, 2017 8/25/16
11/30/16
 3/6/17
Fall Quarter only, use: September 22, 2016 December 10, 2016 8/25/16
Winter Quarter only, use: January 9, 2017 March 25, 2017 11/30/16
Spring Quarter only, use: April 3, 2017 June 16, 2017 3/6/17
Fall & Winter 2-quarter, use: September 22, 2016 March 25, 2017 8/25/16
11/30/16
Winter & Spring 2-quarter, use: January 9, 2017 June 16, 2017 11/30/16
 3/6/17

We will begin certifying private loans for 2016-17 at the beginning of July 2016. The loan periods for the 2016-17 academic year are available above.

  • Select a lender from one of the UC lender lists for private loans.
  • Carefully review the benefits and repayment terms before you select a lender.
  • Follow the instructions provided by your selected lender, who will notify you of your loan application status and any approved amount.
    • You must sign a promissory note (a document that confirms your agreement to repay the loan), and sign the Application, Approval, and Final Disclosures.
    • You must complete a Private Education Loan Applicant Self-Certification.
    • Interest rates, fees, and payment terms will vary between lenders. Most lenders require payments to begin 6-9 months after graduation (or leaving school).
  • Please note that 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.