Education Loans

As a new or continuing student at the University of San Francisco, we are committed to ensuring that you are well informed about all education loan opportunities that are available to you. As a student, it is important that you borrow smart and understand what your responsibilities are. Undergraduate FAFSA eligible students may qualify for the Federal Direct Unsubsidized or Federal Direct Subsidized Loans. Graduate FAFSA eligible students may qualify for Unsubsidized loans. Parents of dependent undergraduate students and graduate/professional students may apply for a credit based Federal Direct PLUS loan.

As directed by California Assembly Bill 721, we are required to provide information concerning our undergraduate student loan debt to our students and their families.
 

Federal Direct Loan Interest

Undergraduate 2018 - 2019 Aid Year
(07/01/2018 – 06/30/2019)
2019 - 2020 Aid Year
(07/01/2019 – 06/30/2020)
2020 - 2021 Aid Year
(07/01/2020 – 06/30/2021)
Direct Subsidized Loan 5.05% 4.53% 2.75%
Direct Unsubsidized Loan 5.05% 4.53% 2.75%
Direct Parent PLUS Loan 7.60% 7.08% 5.30%

 

Graduate or Professional 2018 - 2019 Aid Year
(07/01/2018 – 06/30/2019)
2019 - 2020 Aid Year
(07/01/2019– 06/30/2020)
2020 - 2021 Aid Year
(07/01/2020– 06/30/2021)
Direct Unsubsidized Loan 6.60% 6.08% 4.30%
Direct Graduate PLUS Loan 7.60% 7.08% 5.30%


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Federal Direct Loan Fees

  2018 - 2019 Aid Year
(10/01/2018 – 09/30/2019)
2019 -  2020 Aid Year
(10/01/2019 – 09/30/2020)
2020 -  2021 Aid Year
(10/01/2020 – 09/30/2021)
Direct Subsidized Loan 1.062% 1.059% TBA
Direct Unsubsidized Loan 1.062% 1.059% TBA
Direct Parent PLUS Loan 4.248% 4.236% TBA
Direct Graduate PLUS Loan 4.248% 4.236% TBA

Loan fees are subtracted from your loan prior to the funds being paid to the university. This means the lesser amount is what is actually disbursed to your university bill.

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Federal Direct Student Loans

  • All federal student loans require the completion of the FAFSA each academic year.
  • To be eligible for the Direct Subsidized Loan or Nursing Student Loan, students must have unmet financial need.
  • Each federal loan has specific details you should know and understand.
  • Federal loans require the completion of a Master Promissory Note and/or Direct Loan Entrance Counseling for first-time borrowers.

Loan Proration for Graduating Borrowers

 

Federal regulations require schools to prorate the Federal Direct Loan amounts for graduating undergraduate students when their final period of enrollment is less than a full academic year. The loan limit proration determines the maximum loan amount that a student may borrow for the final term of study based on the degree they are earning.

Graduating undergraduate students who are only attending one semester of the academic year will have their Federal Direct Loans prorated based on the number of credit hours they are enrolled.

Your loans could be adjusted after disbursement which could result in a bill with the university.

 

Note: Graduate and professional students are excluded from the loan proration requirement.  

Private Loans

Private loans can be used to cover costs that are not covered by federal loans and other merit or need-based aid.