Student Financial Services Notice Regarding COVID-19

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News & Announcements

UPDATE: COVID-19 Interest Rate Suspension Information – Health Professions Student Loans and Nurse Faculty Loans

HSRA is extending the waiver of interest and extending the opportunity for administrative forbearance on health professions student loan and Nurse Faculty Loan programs through February 28, 2021. These policies apply to borrowers to the following programs:
Health Professions Student Loan (HPSL);
Primary Care Loan (PCL);
Loans for Disadvantaged Students (LDS);
Nursing Student Loan (NSL); and Nurse Faculty Loan Program (NFLP).

Updates and frequently asked questions from the HRSA will soon be posted.

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Financial Aid/COLS Application 2021-2022 Now Open

The UCSF Financial Aid and Cost of Living Supplement (COLS) combined application is now open for the 2021-2022 year.

Continuing students reapplying for financial aid for the 2021-2022 year can access the Financial Aid/COLS Application through the Financial Aid Portal. The deadline to reapply for financial aid for the 2021-2022 year is March 12, 2021. BOTH the FAFSA and the UCSF Financial Aid/COLS Application will be due on March 12, 2021.

Entering students will be given access to the Financial Aid Portal by a letter in the regular mail with log in credentials from the Office of the Registrar. More information on the Application Process for entering students is available under Applying for Aid.

Financial Aid Portal

UPDATE COVID-19 Interest Rate and Payments Paused for Federal Direct Loans until September 30, 2021

President Biden has directed the acting Secretary of Education to extend the pause on student federal loan payments and to keep interest at 0% through September 30th 2021. For borrowers in repayment, payments are not required during this period. Suspended payments will continue to count toward forgiveness programs. For updates please view the Department of Education’s Press Release and StudentAid.Gov
 

The Department of Education has now allowed lump sum or prepayments to qualify towards months of service under the PSLF program. Prepayments will count for up to 12 months or the next time borrowers are due to recertify their income-driven repayment (IDR) plan.

To see more details please view the news release from the PSLF UPDATE

 

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