Federal Direct Loans and University of California Grants are available to U.S. citizens and permanent residents. To apply, file the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov by March 2 for priority consideration. Submit your FAFSA before you are admitted to UC Davis.
Federal Direct Loans and Graduate PLUS Loans
The UC Davis Financial Aid and Scholarships will determine your eligibility and notify you of the types and amounts of loans for which you qualify.
UC Davis disburses loans in three installments, one per quarter.
Interest rates and origination loans are set by the federal government. Interest accrues on the loans from the date of disbursement.
The Federal Direct Loan does not require a credit check; the Graduate PLUS Loan does require a credit check.
Private loans provide both fixed-amount loan programs and revolving lines of credit. These loans are based on creditworthiness. Interest rates are usually higher—and interest begins to accrue immediately—although you often have the option of deferring payment while you are in school.