UCLA participates in the Direct Loan Program, in which all federal loans will only be lent by the federal government (Department of Education).

Federal Stafford Loan
Limit: Up to $20,500 (U.S. Citizens and Permanent Residents only)

1. Student must file a separate Federal Stafford Loan Master Promissory Note (MPN) on http://studentloans.gov after submitting the Electronic Financial Aid Notification (eFAN)
2. With a Federal Stafford loan you may receive up to $20,500 per academic school year
3. Interest rate is 6.8%
4. 1% origination fee
5. 6 month grace period after graduation, 10 year payback on disbursed loans
6. No credit check
7. Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria
8. Federal Stafford loan is disbursed in equal installments in Fall, Winter and Spring quarters

Federal Graduate PLUS Loan

Limit: Up to the Cost of Attendance (Tuitions fees + Cost of Living Budget) 

1. Student must file a separate Federal Graduate PLUS Loan Master Promissory Note (MPN) with on http://studentloans.gov after submitting the Electronic Financial Aid Notification (eFAN)
2. Up and above the $20,500 borrowed with a Federal Stafford loan
3. You must borrow the maximum with a Federal Stafford loan first before borrowing a Federal Graduate PLUS loan
4. Interest rate is 7.9%
5. 4% origination fee
6. No grace period, 10 year payback
7. *Credit Check Required*
8. Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria
9. Federal Graduate PLUS loan is disbursed in equal installments in Fall, Winter and Spring quarters

Private Student Loans

For admitted students on H1-B work visas who are not US citizens and not permanent residents, Anderson has partnered with Eli Lilly Federal Credit Union to offer an International Graduate Student Loan. For details, visit the website here: http://www.uclaanderson.studentchoice.org/.

Your credit history is important. If you are borrowing a Federal Graduate PLUS Loan, your credit will be checked before your loan is approved. Before applying for any loan, loan borrowers are required to examine your credit report. Negative items in your credit history can result in your being denied for your Federal Graduate PLUS Loan. You can request your credit report from any and/or all of the three major credit reporting companies:

Equifax
(800) 997-2493
http://www.equifax.com

Experian
(888) 397-3742
http://www.experian.com

TransUnion
(800) 888-4213
http://www.transunion.com

You can request a free copy of your credit report online at: http://www.AnnualCreditReport.com once every 12 months from each credit reporting company.