University (Regents’) Loans (Need-Based) – applied for using the Financial Aid Application and parent information is required on the application to determine eligibility; subsidized with a fixed interest rate of 5%.
Loans for Disadvantaged Students (LDS), Title VII - HHS Funding – applied for using the Financial Aid Application and parent information is mandated on the application to determine eligibility for LDS; subsidized with a fixed interest rate of 5%, and deferment of repayment through medical residency.
Federal Direct Unsubsidized Loan – applied for using the Financial Aid Application; unsubsidized with a fixed interest rate of 5.31% (interest rate is set every July 1st)
Federal Direct Graduate Plus Loan – applied for using the Financial Aid Application; unsubsidized with a fixed interest rate of 6.31% (interest rate is set every July 1st).
Private Loans (from a lender) – a resource when eligibility for federal loans has been exhausted; some are school certified and others are applied for directly with the lender; unsubsidized with variable interest rates; cosigner’s are recommended.
Important Notice: 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.
UCOP Private Lender List for Health Professionals
University of California Code of Conduct
SB 1289 disclosure statement:
Students considering student loans need to be aware of the differences between federal student loans and private student loans:
Some UC campuses offer students their own private (institutional) student loans. Students offered a UC institutional private student loan should know that:
