University of California, Irvine

Office of Financial Aid and Scholarships

Federal School Code 001314

Click here for the UC Irvine Financial Aid and Scholarships Home PageClick here for the UC Irvine Home Page

Search

FAFSA : Admissions : Housing : Registrar : Scholarships : Student Billing : Important Links
Students on campusStudents on campusUniversity Art Gallery exhibit
Middle Class Scholarship Program
Undergraduate FAQGoing to class

William D. Ford Federal Direct Loans (Unsubsidized and Graduate PLUS)

William D. Ford Federal Direct Unsubsidized Loans

  • This loan is not based on financial need.
  • Loans that are identified as "replacing Expected Family Share" are offered to you as an option to replace the contribution expected from you or your family.
  • Loans that are identified as "replacing need" are offered to you to help meet your financial need.
  • This loan is unsubsidized, which means that you pay the interest while in school.
  • You may choose to defer any payments while you are enrolled in college at least half-time and during your six-month grace period before repayment. All unpaid accrued interest will be capitalized and added to the outstanding principal balance.
  • Repayment on your loan begins six months after you leave school or drop below half-time (below 6 units).
  • Interest rates are available at www.studentaid.ed.gov
  • Annual and aggregate loan limits are available at: https://studentaid.ed.gov/types/loans/subsidized-unsubsidized#how-much
  • If you are a first-time borrower you must complete an online entrance counseling quiz and the master promissory note before you can receive your loan funds.

William D. Ford Federal Direct Graduate PLUS

  • The Federal Direct Graduate PLUS loan program is designed to assist graduate students who are unable to meet their expected student contribution or have additional financial need that is not met with other financial aid resources.
  • Loans that are identified as "replacing Expected Family Share" are offered to you as an option to replace the contribution expected from you or your family.
  • Loans that are identified as "replacing need" are offered to you to help meet your financial need.
  • You may borrow up to the cost of your education for the academic year less any estimated financial aid you receive each academic year.
  • This loan is limited to students who pass a credit check.
  • Interest begins to accumulate at the time the first disbursement is made.
  • Information regarding interest rates is available at: www.studentaid.ed.gov
  • Repayment begins 60 days after the loan is fully disbursed for an academic year. Upon request, you can defer the repayment to begin six months after you leave school or drop below half-time; however interest will accrue during this time. There is no grace period for this loan.
  • First-time borrowers of the Graduate PLUS must complete an online entrance counseling quiz and a master promissory note.

Disbursement

A loan fee will be deducted proportionally from the loan amount prior to each disbursement. Loan fees are available at www.studentaid.ed.gov.

Your loan proceeds will be divided by the number of terms you attend and will be credited to your ZotAccount. Once your fees have been paid any remaining funds will be disbursed either electronically to your bank account or mailed to you, as you indicated.

For additional information, visit http://www.ofas.uci.edu/content/ReceivingAid.aspx

Repayment Options

The Federal Direct Loan Program offers a variety of different repayment plans. Information on the various plans is available from the U.S. Department of Education's Repayment Plans page.

William D. Ford Federal Direct Loans

  • The William D. Ford Federal Direct Loan program is available to students based on financial aid eligibility.
  • There are two types of Direct Loans available to graduate/professional students: unsubsidized and Graduate PLUS.
  • The application for a Direct Loan will not be processed through a bank, but rather through UCI and the U.S. Department of Education.
  • The U.S. Department of Education Student Loan Support Center will send correspondence for all activity on your loan. If you have additional questions you may contact them at 1-800-557-7394 or visit the Direct Loan Servicers webpage.

(Reviewed 5/19/2017 - BS)

 

Hours: 10am-5pm Monday to Friday
102 Aldrich Hall, Irvine, CA 92697-2825
Tel: (949) 824-8262
Fax: (949) 824-4876 (fax)
Email: finaid@uci.edu

© 2017 The Regents of the University of California

About UCI
 
The State of California requires that you be told the following:
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.