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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.

Find private loans for both undergraduate & graduate/ professional students

Note: Summer is considered part of the 2017–18 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 (read the directions that are included on the form PDF).

The self-certification form is required for disbursement of your loan funds. Contact your lender about additional requirements that may be needed.

Once your funds are received, they will be credited to your UC San Diego 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

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 UC San Diego 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. Student Financial Solutions (SFS) 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?

Loan Period and Disbursement Dates

2018-19 Academic Year
(9 month)
Loan Period
Begin Date
Loan Period
End Date
Anticipated
Disbursement Dates
Full academic year, use: 9/27/2018 6/14/2019 8/31/18
11/21/18
3/1/19
Fall Quarter only, use: 9/27/2018 12/15/2018 8/31/18
Winter Quarter only, use: 1/7/2019 3/23/2019 11/21/18
Spring Quarter only, use: 4/1/2019 6/14/2019 3/1/19
Fall & Winter 2-quarter, use: 9/27/2018 3/23/2019 8/31/18
11/21/18
Winter & Spring 2-quarter, use: 1/7/2019 6/14/2019 11/21/18
3/1/19

We will begin certifying private loans for Summer 2018 and 2018–19 in early May. The loan periods for Summer loans and the 2018–19 academic year are available above.

  • Students may apply directly with any lender who provides educational loans. The University of California has prepared a UC lender list for private loans to assist you.

  • 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 (see below). Lenders provide this document at the time you are applying for the loan. You do not need to complete the form multiple times.

    • 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.

Private Loan Self-Certification Form

Responsibilities of the Borrower

To receive private education loan funds, the borrower must submit a self-certification form to the lender. Do not submit the form to UC San Diego.

Be sure to contact the lender to inquire about any additional requirements that may be needed before your loan funds can be disbursed.

Notes

  • If you haven't already applied for federal and state financial aid, you're encouraged to do so by completing the FAFSA.

  • You may wish to delay your private loan until you receive your financial aid award notice because you could receive enough financial aid to replace the private loan you intend to borrow.

How to Complete the Form

  1. Download a hard copy of the Private Education Loan Applicant Self-Certification form (PDF), or obtain a copy from your lender.

  2. Review UC San Diego's Budgets and Costs of Attendance to determine the amount to enter in Section 2, Item A, "Student's cost of attendance for the period of enrollment covered by the loan:"

    1. Select the appropriate budget type (undergraduate, graduate, or professional) and academic year.

    2. Based on your housing status (living with parents, on-campus, or off-campus), identify the dollar amount under "Basic budget totals:"

      • If your loan is for 3 quarters (a full academic year of fall, winter, and spring): Enter the amount listed under the appropriate housing category in Section 2, Item A.

      • If your loan is for 2 quarters (e.g., fall and winter or winter and spring, etc.): Take the dollar amount under the "Basic budget totals" for the appropriate housing category and divide by 3, then multiply by 2. Enter the result in Section 2, Item A.

      • If your loan is for 1 quarter (e.g., fall only or spring only, etc.): Take the dollar amount under the "Basic budget totals" for the appropriate housing category and divide by 3. Enter this amount in Section 2, Item A.

  3. Determine the amount to enter in Section 2, Item B, "Estimated financial assistance:"

    • If you have not applied for financial aid and do not have additional outside resources, report $0.

    • If you have applied for financial aid, access your awards using the Financial Aid tool. Total all grants, loans (excluding this loan), scholarships, and work-study that you have or will accept and enter that amount in Section 2, Item B. Be sure to include awards for only the quarters covered by the loan period (calculate amounts for 1 or 2 quarters as described in step 2 above).

    • If you have applied for financial aid but awards have not yet been made, report $0 in Section 2, Item B. You may wish to delay your private loan until you receive your financial aid award notice, because you could receive enough financial aid to replace the private loan you intend to borrow.

  4. Determine the amount to report in Section 2, Item C by subtracting Section 2, Item B from Section 2, Item A.

  5. Complete Sections 3 and 4 and submit to the lender.