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University Undergraduate Loans

Learn about university loans for undergraduate students.

Please note:

  • Remember that borrowing money is a serious responsibility; you must repay loans with interest.
  • Before you borrow, pursue outside agency scholarships.
  • File your FAFSA or California Dream Act Application if AB540 eligible and cannot submit a FAFSA, by March 2 each year to be considered for the best types of financial aid awards.
  • Submit any additional documents requested by the Financial Aid and Scholarships Office before the May 21 deadline.
  • Review undergraduate eligibility requirements to make sure you're eligible to receive loans (or any other types of financial aid).
  • If you've already exhausted federal loan possibilities as well as the university loan program listed below, you might wish to consider private loan programs, although private loans may have higher interest rates, and you may have to meet additional requirements such as an approved co-signer.
  • Read more about loans.

University Loan

Annual amount: $400 to $5,500 per year, depending on your need

Aggregate Limits: $11,000 for a student who has not completed two academic years of undergraduate work. $27,000 for an undergraduate student who has completed two academic years and is pursuing a bachelor's degree.

Need-based/ subsidized? Yes. No interest accrues during in-school, grace, and authorized deferment periods. You begin paying interest after you leave school, or when your grace/ deferment period ends.

Awarded and disbursed by: UCSD

Interest rate: 5% fixed

Loan fees: None

Repayment of principal and interest begins 9 months after your full-time or half-time enrollment ends.

To borrow the University Loan:

  1. File your FAFSA or California Dream Act Application and provide any requested documents before the deadlines.
  2. If UCSD notifies you of a University loan, accept the award online using the Financial Aid tool.
  3. Sign the University Loan Master Promissory Note and complete the loan information sheet. Return both to Student Financial Solutions. These documents confirm your agreement to repay the loan.

    You may mail your original University Loan Prom Note to:
    Student Business Services
    9500 Gilman Dr. Dept 0050
    La Jolla, CA 92093-0050

  4. Complete online entrance loan counseling (first-time borrowers only).
  5. Complete the Self Certification Form for University Loan. Return this to Student Financial Solutions. This form is required for each University Loan you accept.
  6. Loan funds will be credited to your UCSD student account (read more about how you get your money).

If you've been awarded Federal Work Study but don't plan to work, you may ask the Financial Aid and Scholarships Office in writing to switch your Federal Work Study to a University loan (if funding is available).

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.