Receiving Financial Aid Makes Everyone Happy!
Financial Aid Notification (FAN)
Your electronic financial aid notifications (eFAN) is your official notice of financial aid eligibility. The eFAN is usually available on a rolling basis beginning July. The student is notified via email if a new/revised eFAN is available. You can access your eFAN by logging onto MyUCLA.
For more information, please refer to the FAN Guide
Minimum Enrollment Requirement
In order for your financial aid to disburse, you must be enrolled at least half-time. For Medical students, half-time status is a minimum of 12 weeks each semester. Failure to enroll (schedule) in at least half-time status will delay your financial aid disbursement until you are scheduled in at least 12 weeks of coursework for that semester.
Disbursement of Outside Scholarships
Students receiving outside scholarships should request that the awarding agency make the checks payable to: UC Regents
Checks should be forwarded to: Payment Solutions & Compliance Office University of California, Los Angeles Box 957089, 1125 Murphy Hall 405 Hilgard Avenue Los Angeles, CA 90095-7089
Checks received from an outside agency are typically applied to BruinBill within 5-7 business days.
Loan Procedure
Applying for a Federal Direct loan:
Accept the loan on your eFAN – If you would like to borrow less then the loan amount offered, indicate the amount you want to borrow in the space provided on the eFAN. If you do not need all of the loans offered on your eFAN, borrow maximum Subsidized Loan eligibility before accepting an Unsubsidized Loan.
Complete a Master Promissory Note (MPN), if you are a first time borrower – You must complete an MPN the first time you borrow a Direct Subsidized or Unsubsidized Loan. Once completed the Direct Loan MPN is valid for 10 years so continuing borrowers do not have to complete one each year. Go to www.Studentloans.gov if you are required to complete your Master Promissory Note.
Complete a Debt Management Session (DMS), if you are a first time borrower at UCLA – If you are borrowing a Subsidized or Unsubsidized Loan for the first time at UCLA you are required to complete a Debt Management Session with the Student Loan Office. Go to www.loans.ucla.edu to complete your DMS. If you have any questions about this requirement, please contact the Student Loan Office at 310-825-9864.
Perkins Loan - If you are awarded a Perkins Loan and accept the loan on your eFAN, you will receive an email from Student Loans Services 2-3 business days after. The email will instruct you to e-sign your Perkins Promissory Note / paperwork on line at www.loans.ucla.edu.
Institutional Loan - If you are awarded an Institutional Loan and accept the loan on your eFAN, Student Loan Services will mail your Promissory Note / paperwork within 7-10 business.
For more information, please refer to the 16-17 Guide to Unsubsidized Loans and 16-17 Guide to Graduate PLUS Loans
Bruin Bill and Bruin Direct
Once you accept your awards on the eFAN and complete the necessary loan
paperwork, your financial aid will disburse as early as 10 days before the start of each semester.
BruinBill:
BruinBill allows debits (educational fees and other charges) and credits (financial aid disbursements or student payments) to be applied to your school account. Through BruinBill, your financial aid disbursements will automatically pay your registration fees and other outstanding University bills at the beginning of each semester. If you are not enrolled, financial aid will not be credited to your account. Your BruinBill statement will be available via MyUCLA (https://my.ucla.edu/) each month. Please make sure that you review the activity in your account at least once a month.
Refunds:
Any remaining balance after semester charges are paid off will be refunded to you. Your refund will be deposited in your bank account, if you sign up for BruinDirect (see below). Refund checks will be mailed to students who do not sign up for BruinDirect.
BruinDirect:
If you sign up for BruinDirect, your refund will be transferred directly to your personal bank or credit union account. If your award is processed in a timely manner, your financial aid refund will be deposited in your account before the first day of classes. You can request BruinDirect online through your Bruin Bill statement.
