University of California, Irvine

Office of Financial Aid and Scholarships

Federal School Code 001314

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William D. Ford Federal Direct Loans (Subsidized/Unsubsidized) for Students

William D. Ford Federal Direct Subsidized Loans

  • Subsidized loans are only available to students who demonstrate financial need.
  • The federal government will pay the interest on this loan while you are enrolled in college at least half-time.
  • 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 loan limits are available at: https://studentaid.ed.gov/sa/types/loans/
  • If you advance a grade level during the academic year you may be eligible for a higher maximum annual loan limit. Otherwise, you must wait until the period of time equal to an academic year elapses to borrow again under the William D. Ford Federal Direct Student Loan Programs (subsidized and unsubsidized).
  • 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.
  • For first-time borrowers borrowing on or after July 1, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program.

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 loan limits are available at: https://studentaid.ed.gov/sa/types/loans/
  • If you advance a grade level during the academic year, you may be eligible for a higher maximum annual loan limit. Otherwise, you must wait until the period of time equal to an academic year elapses to borrow again under the William D. Ford Federal Direct Student Loan Programs (subsidized and unsubsidized).
  • 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.

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.

You may utilize the U.S. Department of Education's Calculators and Interest Rate to estimate the duration and amount of your loan repayment based on the various repayment options.

The average loan indebtedness for an undergraduate receiving a bachelor's degree from UC Irvine in 2016 was $17,000.

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 three types of Direct Loans available to undergraduate students: subsidized, unsubsidized and 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.
  • If you have borrowed both subsidized and unsubsidized William D. Ford Direct loans, you may have a single repayment schedule.
  • 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.