University Loan Program

If you are 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 following processes. 

What you need to do:

Step 1. Accept your loan on MyUCSC student portal:

Step 2. You will receive an email from ACS (Affiliated Computer Services) advising you to complete several required online processes 3 to 5 business days after you accept your loan.

If you try to complete the following steps before getting the email notice from you will get error messages. Please wait to receive this email before proceeding to Steps 3 and 4.

Step 3. After receiving the email described in Step 2, complete the University Entrance Loan Counseling at the Student Business Service site. If you don't have a driver's license or are not employed, please enter "Not Applicable" in these fields so that you can continue with the Entrance Loan Counseling process.

Be sure to select "Institutional Loans" before proceeding to the Entrance Interview Quiz so that your completed Entrance Loan Counseling record can be connected/linked with your University Loan.

Step 4. After completing the Entrance Loan Counseling, you will automatically be routed to your Truth in Lending (TILA) documents and Master Promissory Note (MPN) on the E-Sign website.  Make sure you turn off your pop-up blocker before you begin this process.

Eligibility Requirements
  • You must file your FAFSA
  • You must be enrolled at least half-time in a degree of certificate program at a participating school
  • The University Loan is available only to undergraduate students who have 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.