Types of Loans

There are various types of loans available to students. Learn more about these loan options below.
  • Federal Student Loans

    Federal student loans are available to most students regardless of income and provide a range of repayment options including income-driven repayment plans and loan forgiveness benefits, which other education loans are not required to provide. Federal loans will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by student, loan servicers, and institutions determined to be authorized users of the data system.

    • Federal Direct (Stafford) Loan
      Federal Direct (Stafford) Loan Info
      Interest Rate First disbursed on or after 7/1/2019 First disbursed on or after 7/1/2020
      6.08% 4.3%
      Fees First disbursed on or after 10/1/2019 First disbursed on or after 10/1/2020
      1.059% 1.057%
      Grace Period 6 months
      Interest Accrual Begins At disbursement
      Deferrable During Residency No
      Repayment Begins At the end of grace period
      Can Be Included in Federal Consolidation Loan Yes

      The federal Budget Control Act of 2011, passed by Congress, eliminates in-school loan interest subsidizes for graduate and professional students effective July 1, 2012. It also contains provisions that eliminate Direct Loan repayment incentives. Therefore, graduate students are eligible for the unsubsidized loan only.

      The federal government does not pay interest on unsubsidized loans. However, students can choose to make no interest payment on the Direct Unsubsidized loan while enrolled in school. Interest will accrue while in school and during the six-month post-enrollment deferral period, and the Department of Education will add it to the unpaid principal amount when student enters repayment.

      Federal Direct (Stafford) Annual Loan Limits (Effective July 1, 2007)

      School of Medicine

      School of Medicine Loan Limits
      Program and Level Annual Total Unsubsidized Direct (Stafford) Limit
      Medicine 1 $42,722
      Medicine 2 $42,722
      Medicine 3 $47,167
      Medicine 4 $44,944

       

      School of Dentistry

      School of Dentistry Loan Limits
      Program and Level Annual Total Unsubsidized Direct (Stafford) Limit
      Dentistry 1 $40,500
      Dentistry 2 $40,500
      Dentistry 3 $47,167
      Dentistry 4 $47,167

       

      School of Pharmacy

      School of Pharmacy Loan Limits
      Program and Level Annual Total Unsubsidized Direct (Stafford) Limit
      Pharmacy 1 $35,776
      Pharmacy 2 $37,167
      Pharmacy 3 & 4 $33,000

       

      School of Nursing

      School of Nursing Loan Limits
      Program and Level Annual Total Unsubsidized Direct (Stafford) Limit
      All Nursing Levels $20,500

       

      Department of Physical Therapy

      Department of Physical Therapy Loan Limits
      Program and Level Annual Total Unsubsidized Direct (Stafford) Limit
      All Physical Therapy Levels $20,500

       

      Graduate Academic Programs

      Graduate Academic Programs Loan Limits
      Program and Level Annual Total Unsubsidized Direct (Stafford) Limit
      Graduate Academic $20,500
      Health Administration Interprofessional & Leadership $37,167

       

      The Annual Direct (Stafford) limits apply to students enrolled in all quarters required for that specific year in their program. Students enrolled less than the full academic year will have a lower annual limit.

      Federal Direct (Stafford) Aggregate Loan Limits
      The following chart shows the aggregate limits for subsidized and unsubsidized Direct (Stafford) Loans. These aggregate limits include loans received during undergraduate studies.

      Aggregate Loan Limits
        Aggregate Subsidized Direct Stafford Loan Limit Aggregate Subsidized and Unsubsidized Direct Stafford Loan Limit
      Graduate Student in Medicine, Pharmacy, Dentistry, HAIL $65,000 $224,000
      All Other Graduate Students $65,000 $138,500

      This loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by student, loan servicers, and institutions determined to be authorized users of the data system.

    • Federal Direct Graduate PLUS Loan
      Federal Direct Graduate Plus Loan Info
      Interest Rate First disbursed on or after 7/1/2019 First disbursed on or after 7/1/2020
      7.08% 5.3%
      Fees First disbursed on or after 10/1/2019 First disbursed on or after 10/1/2020
      4.236% 4.228%
      Grace Period No grace period, but there is a 6-month post-enrollment deferment
      Interest Accrual Begins At disbursement
      Deferrable During Residency No
      Repayment Begins 6 months after ceasing being enrolled at least half-time
      Can Be Included in Federal Consolidation Loan Yes

      Some students may require additional funding beyond what the annual or aggregate Federal Direct Stafford limit allows. The Federal Graduate PLUS Loan is available to students who have not met their full financial aid budget for the year and have met the limits on the Federal Direct Stafford Loan and other financial aid resources. The maximum loan amount students can borrow is the school’s approved cost of attendance minus other financial aid (i.e., scholarships, grants, Federal Direct Loan, and other loans). This loan is not based on financial need.

      The federal government does not pay interest on the Graduate PLUS loan. Students can choose to pay interest while in school. For borrowers who decide to make no payments, interest will accrue while in school and during the six-month post-enrollment deferral period, and the Department of Education will add it to the unpaid principal amount when they enter repayment. Direct Loan Servicing will mail interest statements twice a year (January & July) to students. Students may sign up for Direct Loan Servicing Electronic Mail Services to receive quarterly interest statements electronically through their Direct Loan servicer.

      The Department of Education requires a credit check for the Graduate PLUS. Students who are denied due to adverse credit (i.e., 90 days or more delinquent on any debt, or credit report showing default, loan discharge, foreclosure, repossession, and bankruptcy) are notified directly, along with their options. Students can appeal if the adverse credit information is incorrect, or provide document to the Department of Education if there are extenuating circumstances relating to their adverse credit history. Click here for more information. Students may also be able to apply with an endorser (co-borrower) who satisfies the credit requirements. Students should contact Applicant Services for Grad PLUS Loan Borrowers at 1-800-557-7394 (8 a.m. - 8 p.m. ET), Monday to Friday, if their loan is denied.

      This loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by student, loan servicers, and institutions determined to be authorized users of the data system.

      UCSF is unable to offer another loan to replace the Graduate PLUS loan. Students who are unable to borrow a Graduate PLUS are expected to cover the remainder of their educational expenses with their own resources, family assistance, or a private educational loan. It is the student’s responsibility to secure adequate funding to cover cost of attendance before beginning school.

  • Campus-Based Loans
    • University Loan
      University Loan Info
      Interest Rate 5.0%
      Fees 0%
      Grace Period 6 months
      Interest Accrual Begins At the end of grace period
      Deferrable During Residency Yes
      Repayment Begins At the end of grace period
      Can Be Included in Federal Consolidation Loan No

      Over the years, individuals and groups have contributed money to be used for student loans. The interest rate on most University loans is 5 percent. Repayment and interest accrual begin six months after graduation or withdrawal from school.

      University loans are considered to be “private” loans even though their interest rates and repayment benefits are often comparable or even better than federal loan rates and benefits.

      In compliance with SB 1289, we are providing the following disclosure about loans: 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.

    • Health Professions Student Loan
      Health Professions Student Loan Info
      Interest Rate 5.0%
      Fees 0%
      Grace Period 12 months
      Interest Accrual Begins At the end of grace period
      Deferrable During Residency Yes
      Repayment Begins At the end of grace period
      Can Be Included in Federal Consolidation Loan Yes

      The Health Professions Student Loan program provides 5 percent loans to dental and pharmacy students. Parents' financial information must be analyzed annually, regardless of the student's age or dependency status, to determine whether a contribution to the cost of education is expected. Repayment and interest begin 12 months after the student ceases full time studies or obtains the first professional degree. The maximum that can be borrowed for a nine month period of enrollment is cost of attendance minus expected family contribution and any other aid.

    • Loan for Disadvantaged Students
      Loan for Disadvantaged Students Info
      Interest Rate 5.0%
      Fees 0%
      Grace Period 12 months
      Interest Accrual Begins At the end of grace period
      Deferrable During Residency Yes
      Repayment Begins At the end of grace period
      Can Be Included in Federal Consolidation Loan Yes

      LDS funds are earmarked for medical, dental and pharmacy students from disadvantaged backgrounds. "Disadvantaged background" means that a student comes from an unusually low family income or from an environment that has inhibited him/her from obtaining the knowledge, skills, and abilities required to enroll in and graduate from a health professions program. The LDS program provides 5 percent loans. Parents' financial information must be analyzed annually, regardless of the student's age or dependency status, to determine whether a contribution to the cost of education is expected. Repayment and interest begin 12 months after the student ceases full time studies or obtains the first professional degree. The maximum that can be borrowed for a nine month period of enrollment is cost of attendance minus expected family contribution and any other aid.

    • Nursing Student Loan
      Nursing Student Loan Info
      Interest Rate 5.0%
      Fees 0%
      Grace Period 9 months
      Interest Accrual Begins At the end of grace period
      Deferrable During Residency N/A
      Repayment Begins At the end of grace period
      Can Be Included in Federal Consolidation Loan Yes

      The Nursing Student Loan program has a 5 percent interest rate which does not accrue until nine months after graduation or if the borrower ceases to be a full-time student. Repayment also starts at that time. The maximum amount students can borrow annually is $3,300 for each of the first two years, $5,200 for each of the final two years, or the amount of the student's financial need, whichever is less. The total aggregate limit is $17,000.

  • Primary Care Loan
    Primary Care Loan Info
    Interest Rate 5.0%
    Fees 0%
    Grace Period 12 months
    Interest Accrual Begins At the end of grace period
    Deferrable During Residency Yes
    Repayment Begins At the end of grace period
    Can Be Included in Federal Consolidation Loan No

    This program provides 5 percent loans to medical students who plan to practice in primary care. Recipients must complete a primary care residency and then practice in primary care. An independent student is no longer required to submit parental financial information to determine financial need. The determination of need for such information will still be at the discretion of the school's financial services office. The Division of Student Loans and Scholarships (DSLS) defines an independent student as a student who is at least 24 years of age and has not been listed as a dependent on his or her parent's tax forms within the last three years. Dependent students are still required to submit parental financial information to determine whether a contribution to the cost of education is expected. Repayment and interest begin 12 months after the student ceases full time studies or obtains the first professional degree. The maximum that can be borrowed is cost of attendance minus expected family contribution and any other aid. Amounts beyond the annual maximum limit may be available to third and fourth year medical students, if the excess funds are used only to repay outstanding loan balances on loans taken out while the student was in attendance at UCSF.

  • Private Education Loan

    Although many UCSF students can obtain sufficient funds through Federal and University loans, others need additional help. Comparisons of federal versus private loans are available from the Department of Education and Association of American Medical Colleges (AAMC). Federal loan programs generally offer better terms and conditions than private loans. Students should therefore pursue federal financial aid and other resources such as outside agency scholarships before borrowing a private loan. Private Loans are only awarded after all types of federal student loans have been awarded to the student. In compliance with SB 1289, we are providing the following disclosure about loans.

    To help students and families make informed choices, the University of California Office of the President (UCOP) compiles comprehensive Private Student Loans Lists that contain loan terms and interest rates as well as lender contact information. Lenders were invited to compete for placement on each of these loan products. From those who responded, a systemic and equitable method for selecting the top lenders was held. These lenders had to meet a stringent standard of requirements that included, but were not limited to, competitive borrower benefits, lender stability, efficient loan servicing, online support and tools, and customer service.

    Below are the lenders who were selected by UCOP, and their most up-to-date loan terms at the date of this publication. Please note that loan terms are subject to change by the lenders. Furthermore, these loan terms are offered to the University of California and not necessarily other colleges.

    Private Education Loans for Health Professions, Graduates, & International Students

    Private Loans for Residency & Relocation Expenses

    While the University carefully considers our selections in order to provide you with the best possible list of suggested lenders, you have the right to use another lender that is not on this list. The choice of a loan lender is your decision. The Student Financial Services Office will certify private loan applications from all lenders.

    The Student Financial Services Office does not accept or receive inducements from lenders in exchange for inclusion in the Private Student Loans List, nor do we share in the profits from student loans. Please also see The University of California Code of Conduct in Regard to Preferred Lender Arrangements.

    All borrowers are required to complete a self-certification form and submit it to their lender prior to receiving a private education loan. Most lenders provide the form as part of their online loan application.

    See Student Financial Services Office for details. It is best to consult with a Financial Aid Advisor before applying for these loans as there may be other resources available.

  • CA Medical Association Foundation (CMAF) Loan for Medical Students
    Medical students in their final year of school may borrow up to $3,000 through the CMAF. The interest rate for this loan is 6.5 percent. Repayment of the loan begins six months after graduation from medical school, and the loan is interest free until that time. Recipients must be California residents and have financial need. Parents' income is not considered. For additional information and application materials, contact the Student Financial Services Office.
  • Emergency Loan

    See the Emergency Funding page for more information.

Loan Disclosures: Terms & Conditions provides more detailed information about each specific loan.