University Loan Program

The University Loan is available to undergraduate students with financial need. If eligible, the University Loan will be included as part of your academic year financial aid offer. If you decide to borrow the University Loan, you need to complete the processes below. Loans must be accepted on your MyUCSC student portal no later than 10 business days prior to the end of your student's term of enrollment for an academic year. Awards not applied for and approved (including all required loan documents) by this time cannot be processed.  

What you need to do:

Step 1. Accept your loan on MyUCSC student portal:

Step 2. Wait for an e-mail from informing you of the loan requirements that must be completed online. The email will contain your Heartland ECSI PIN and information about where to complete these requirements.

Step 3. Complete the loan requirements. Review the Truth and Lending (TILA) documents, complete the entrance counseling, and e-sign the promissory note. 


Eligibility Requirements
  • You must file your FAFSA
  • You must be enrolled at least half-time in a degree or certificate program at a participating school
  • The University Loan is available to undergraduate students with financial need
University Loan Terms
  • Interest accrual and repayment of the University Loan begins 9 months after you leave school
  • Interest is fixed at 5%
  • The standard repayment period is 10 years
  • UC Santa Cruz is your lender. You will make your payments to our contracted loan servicer, ACS.
  • Before leaving school or graduating, be sure to complete your Institutional Loan Exit Interview.
  • Keep your contact information up-to-date with UC Santa Cruz so that you receive important information about your repayment.
  • Toward the end of your 9-month grace period, you should receive information about beginning repayment.  If you have not received anything at the beginning of the 9th month of your grace period, contact the Student Business Services Office at or by phone to 831-459-2107.
  • You can repay your loan without penalty.  This means that the faster you pay your loan, the less interest you pay over time.