Federal Undergraduate Loans
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Remember that borrowing money is a serious responsibility; you must repay loans with interest.
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Before you borrow, pursue outside agency scholarships.
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File your 2024-25 FAFSA or California Dream Act Application by May 2 to be considered for the best types of financial aid awards.
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Submit any additional documents requested by the Financial Aid and Scholarships Office before the May 1 deadline.
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Review prospective undergraduate or current undergraduate eligibility requirements to make sure you're eligible to receive loans (or any other types of financial aid).
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If you've already exhausted federal loan possibilities, you might wish to consider private loan programs, although these loans may have higher interest rates, and you may have to meet additional requirements such as an approved co-signer.
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Read more about loans and about the Federal Direct Loan Program.
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Please note: If you accept a Title IV loan, the loan(s) will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and schools to be determined as authorized users of the data system.
Federal Direct Loan (Subsidized and Unsubsidized)
Award amount and term: |
Annual maximum amounts for dependent undergraduates:
Annual maximum amounts for independent undergraduates:
Aggregate maximum amounts for undergraduates:
The aggregate loan limits include any Subsidized Federal Stafford Loans or Unsubsidized Federal Stafford Loans you may have previously received under the Federal Family Education Loan (FFEL) Program. As a result of legislation that took effect July 1, 2010, no further loans are being made under the FFEL Program. If the total loan amount you receive over the course of your education reaches the aggregate loan limit, you are not eligible to receive additional loans. However, if you repay some of your loans to bring your outstanding loan debt below the aggregate loan limit, you could then borrow again, up to the amount of your remaining eligibility under the aggregate loan limit. |
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Funded and disbursed by: |
The U.S. Department of Education through UC San Diego |
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Interest rates effective: |
2023: July 1, 2023 – June 30, 2024 |
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Interest rate: |
2023: 5.50% fixed for loans first disbursed on or before July 1, 2023 to June 30, 2024 |
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Loan fees: |
For loans first disbursed on or after October 1, 2023 and by September 30, 2024, the loan origination fee will be 1.057%. For loans first disbursed on or after October 1, 2024 and by September 30, 2025, the loan origination fee will be 1.057%. |
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Repayment of principal and interest begins |
6 months after you are no longer enrolled at least half-time. |
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Is the Federal Direct Subsidized Loan need-based?Yes. You must demonstrate financial need to qualify for a Subsidized Loan. The federal government pays (subsidizes) the interest on your behalf during in-school and authorized deferment periods. You begin accruing and paying interest after you leave school, or when your deferment period ends. Depending on your financial need, you may not receive the maximum loan amount in a Subsidized Loan. However, you might still be able to borrow unsubsidized funds up to the total maximum annual loan amounts. Is the Federal Direct Unsubsidized Loan need-based?No. You may borrow an Unsubsidized Loan regardless of your financial need. However, the federal government does not pay the interest. While you may defer the principal during in-school, grace, and authorized deferment periods, you're responsible for the interest upon disbursement. You may make voluntary interest and/or principal payments to your Repayment Servicer at any time prior to going into official repayment or you may allow the interest to accrue and be capitalized to your principal at the time of official repayment. To borrow a Federal Direct Loan
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Federal Direct PLUS Loan
Award amount and term: |
The annual maximum equals the cost of attendance minus any need-based and non-need-based aid. |
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Need-based/subsidized?: |
No. |
Awarded and disbursed by: |
The U.S. Department of Education through UC San Diego. |
Interest rates effective: |
2023: July 1, 2023 - June 30, 2024 |
Interest rate: |
2023: 8.05% fixed for loans first disbursed on or before July 1, 2023 to June 30, 2024 |
Loan fees: |
For loans first disbursed on or after October 1, 2023 and by September 30, 2024, the loan origination fee will be 4.228%. For loans first disbursed on or after October 1, 2024 and by September 30, 2025, the loan origination fee will be 4.228%. |
Application: |
Complete the Federal Direct Parent PLUS Loan Application in addition to filing the FAFSA. 2023: Federal Direct Parent PLUS Loan Application Instructions Summer Loan Period 2024: Federal Direct Parent PLUS Loan Application Instructions Please note: For the 2024-25 academic year, the UC San Diego Financial Aid & Scholarships Office will begin processing Parent PLUS Loans starting late August. Please monitor your email for updates. |
For parents borrowing the Parent PLUS LoanUC San Diego is using the electronic Direct Parent PLUS Loan Application process through the studentaid.gov website. To ensure that the Parent PLUS loan funds are available by the registration fee deadline; we encourage you to submit your Direct Parent PLUS Loan Application at least 3 weeks prior to the fee deadline dates. GRADUATE or PROFESSIONAL STUDENTS CAN ONLY APPLY FOR THEIR PLUS LOAN THROUGH THEIR, STUDENT PORTAL, MyTritonLink. WHAT DO YOU NEED BEFORE YOU START THE PLUS LOAN APPLICATION PROCESS?
THINGS TO DO BEFORE YOU APPLY If you have placed a security freeze on your credit file, you must lift or remove the freeze at each credit bureau before you apply. Your Direct PLUS Loan Application will not be processed if you have a security freeze. The lender will place your loan application in a “pending” status until the issue is resolved.
A legal parent includes a biological parent, an adoptive parent, or a person that the state has determined to be your parent (for example, when a state allows another person's name to be listed as parent on a birth certificate). Grandparents, foster parents, legal guardians, older brothers or sisters, widowed stepparents, and aunts and uncles aren't considered parents unless they've legally adopted you. https://studentaid.gov/help/who-is-parent HOW TO APPLY FOR A FEDERAL DIRECT PARENT PLUS LOAN
For a quick overview of Direct PLUS Loans (e.g. interest rate, fees, repayment options) please visit the U.S. Department of Education’s website for Direct PLUS Loans. Other Information
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