Financial Aid

Loan Limits

NOTE: Funding is extremely limited and awarded on a first-come, first-served basis. The amount of financial aid you’re awarded cannot exceed your cost of attendance. Your loan eligibility may be reduced upon receipt of other resources (i.e., scholarship, tuition waiver, etc.).

Loan Requirements

Entrance & Exit Counseling:

If you accept your Federal Perkins loan award, you must complete the entrance counseling through Student Debt Management before funds can be paid.

If you are graduating or leaving the University, you must complete the exit counseling through Student Debt Management.

These online counseling sessions will provide your rights, responsibilities, repayment, consolidation, deferment, forbearance, and default information.

Master Promissory Note (MPN):

If you accept your Federal Perkins loan award, you must complete the master promissory note (MPN) before funds can be paid. You can access the Perkins MPN through Student Center of the UCD Access Portal. Use the Completing the Perkins MPN and Entrance instructions to guide you through the process.

Consolidation:

Federal Perkins Loans can be consolidated with other federal loans

Repayment

• If you are enrolled at least half-time, payments are deferred while you’re in school. Interest is also deferred.
• 9-month grace period before repayment begins. Interest does not accrue during the grace period.
• You may pre-pay at anytime without penalties.
• If you have a loan in grace and are ordered to active duty, you are eligible to have one or more military extensions of the grace period, for up to three years. This includes the time necessary to resume enrollment at the next available enrollment period. If you are called to active duty during the initial grace period, a new nine-month initial grace period can be granted upon completion of the excluded period.
• Interest is not charged during deferment periods.
• Please contact Student Debt Management at 303-556-2937 for repayment information and deferment or forbearance options
• Additional information is available on the U.S. Department of Education's Repaying Your Loans page.