Student Loan Services & Collections

Home

Debt Management

Loan Disbursement

Short-term loan

Exit Interview

FAQ

"How To" Series

Calendar

About Us

Other Financial Sites

Student Affairs

UCLA Home

The Loan Services Office administers long-term educational loans. These include campus-based Perkins and Health Professional Loans, University loans, as well as non-campus-based FFEL Loans, such as Stafford, SLS and PLUS Loans.

Loans are administered either as paper transactions or electronically via Electronic Fund Transfer (EFT). Loan proceeds disbursed by check are picked up in the Loan Services Office, while funds transferred electronically are deposited directly into student’s Billing and Receivables (BAR) account.

Federal regulations require that undergraduate students be enrolled in at least six units and graduate students in at least four units continuously throughout their stated loan period to receive loan funds. This will be verified before each loan disbursement is distributed. Student borrowers should also be aware of the following in regards to a disbursement made in the form of a(n):

Paper Transaction
If you are picking up your paper loan check, you must present a valid driver's license, DMV ID card, or passport, and have no outstanding financial holds on your records.

Electronic Transaction
If you chose a lender that participates in EFT, your loan funds are sent to UCLA electronically. Loan funds from such a lending institution will be disbursed directly to your BAR account. (For further information on the BAR process, please contact Student Accounting at 1121 Murphy Hall or call (310) 825–9194.)

If you withdraw or carry insufficient units during your stated loan period, any remaining loan funds will be returned to the lender and your loan will be canceled. In addition, you may be billed for funds you have already received. If this happens, you must apply for a new FFEL Loan that reflects your new loan period. In such a case or for more information, contact the Financial Aid Office, A129J Murphy Hall.

2008/2009 Disbursement Calendar

Summer Session 2008

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Summer A (6, 8 < 10 weeks)	06/13/08	06/13/08
Summer C (6 weeks)	07/25/08	07/25/08

Undergraduate / Graduate

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	09/15/08	09/15/08
Winter 2009	01/02/09	01/02/09
Spring 2009	03/20/09	03/20/09

UCLA Extension

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Summer 2008	N/A	06/11/08
Fall 2008	N/A	09/10/08
Winter 2009	N/A	01/02/09
Spring 2009	N/A	03/25/09

Law School
J.D.

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Summer 2008	05/02/2008	05/02/2008
Fall 2008	08/11/08	08/11/08
Spring 2009	01/02/09	01/02/09

LL.M.

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	08/01/08	08/01/08
Spring 2009	01/02/09	01/02/09

Executive MBA Program
EMBA Class of 2009

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	09/05/08	09/05/08
Winter 2009	01/02/09	01/02/09
Spring 2009	03/31/09	03/31/09

EMBA Class of 2010

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	08/22/08	08/22/08
Winter 2009	01/02/09	01/02/09
Spring 2009	03/24/09	03/24/09

Fully Employed MBA Program

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	09/15/08	09/15/08
Winter 2009	01/02/09	01/02/09
Spring 2009	03/20/09	03/20/09

ED.D Program
1st Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	N/A	08/12/08
Winter 2009	N/A	01/02/09
Spring 2009	N/A	03/23/09

2nd Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	N/A	09/03/08
Winter 2009	N/A	01/02/09
Spring 2009	N/A	03/23/09

3rd Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	N/A	09/03/08
Winter 2009	N/A	01/02/09
Spring 2009	N/A	03/23/09

Medical School
1st Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	07/25/08	07/25/08
Spring 2009	01/02/09	01/02/09

2nd Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	07/25/08	07/25/08
Spring 2009	01/02/09	01/02/09

3rd Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Summer 2008	06/16/08	06/16/08
Fall 2008	07/25/08	07/25/08
Spring 2009	01/02/09	01/02/09

4th Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	06/27/08	06/27/08
Spring 2009	01/02/09	01/02/09

Dental School
Continuing Students/PPID 4th year

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Summer I	06/20/08	06/20/08
Fall 2008	09/12/08	09/12/08
Winter 2009	01/02/09	01/02/09
Spring 2009	03/20/09	03/20/09

1st Year Students

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	09/12/08	09/12/08
Winter 2009	01/02/09	01/02/09
Spring 2009	03/20/09	03/20/09

PPID 3rd year

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Summer I	05/19/08	05/19/08
Fall 2008	09/12/08	09/12/08
Winter 2009	01/02/09	01/02/09
Spring 2009	03/20/09	03/20/09

MPH
Executive Program

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Summer 2008	05/02/08	05/02/08
Fall 2008	08/11/08	08/11/08
Winter 2009	01/02/09	01/02/09

LL.M.

Session	EFT Disbursement to student no earlier than the evening of:	Paper check disbursement to student no earlier than:
Fall 2008	08/01/08	08/01/08
Spring 2009	01/02/09	01/02/09

Federal Loan Interest Rates - as of 07/01/08 thru 06/30/09

Stafford Loans
First Disbursement Date Occurring:	On or After	But Before	Effective Periods	Rate		Cap
First Disbursement Date Occurring:	On or After	But Before	Effective Periods	Subsidized	Unsubsidized	Cap
	07/01/2008	07/01/2009	During in-school, grace and deferment periods (*Subsidized Stafford interest rate for Graduate borrowers remains at 6.80%)	6.00%* (fixed)	6.80% (fixed)	N/A
			All other periods	6.80% (fixed)	6.80% (fixed)	N/A
	07/01/2006	07/01/2008	During in-school, grace and deferment periods	6.80% (fixed)	6.80% (fixed)	N/A
			All other periods	6.80% (fixed)	6.80% (fixed)	N/A
	07/01/1998	07/01/2006	During in-school, grace and deferment periods	3.61%	3.61%	8.25%
			All other periods	4.21%	4.21%	8.25%
	07/01/1995	07/01/1998	During in-school, grace and deferment periods	4.41%	4.41%	8.25%
			All other periods	5.01%	5.01%	8.25%
PLUS Loans
First Disbursement Date Occurring:	On or After	But Before	Effective Periods	Rate		Cap
	07/01/2008	07/01/2009	Life of Loan	8.50% (fixed)		N/A
	07/01/2006	07/01/2008	Life of Loan	8.50% (fixed)		N/A
	07/01/1998	07/01/2006	Life of Loan	5.01%		9.00%
Perkins Loans
First Disbursement Date Occurring:	On or After	But Before	Effective Periods	Rate		Cap
	N/A	N/A	Life of Loan	5.00%		N/A