Need-Based Loans
- University Loans are offered to first-year undergraduate students. Repayment begins nine months after a student falls below half time enrollment or graduates from the university. During repayment, the interest rate accrues at 5 percent annually.
- Federal Direct Subsidized Student Loans are funded by the federal government and are available to eligible undergraduate students who demonstrate financial need. Annual loan eligibility is determined by federal borrowing limits, student dependency status, academic level, and enrollment status. Loan amounts may be prorated based on enrollment intensity, as defined under federal regulations. Students are responsible for a federal origination fee, which is deducted from the total accepted loan amount prior to disbursement. Repayment begins six months after a student graduates, withdraws, or falls below half-time enrollment. Federal interest rates and loan fees are established annually by the U.S. Department of Education and are hosted by Federal Student Aid.
- CA Dream Loans are offered to eligible students who meet AB 540 eligibility requirements and demonstrate financial need. The program is funded through the State of California and the University of California to help students cover educational expenses. Repayment begins nine months after a student graduates, withdraws, or falls below half-time enrollment. Interest accrues during repayment at a fixed annual rate established by the program.