First-Time Borrower Requirements

If you accepted your loan(s) and this is your first Perkins and/or Federal Direct Loan at UCSC, the following steps must be completed before your loan can be credited to your student account:


Federal Perkins Loans

1. If you accepted a Federal Perkins Loan at UCSC, you must complete a Federal Perkins MPN. Log onto your student portal, go in to the MyUCSC Student Center, click View Financial Aid and click on Aid Year 2009. On the Award Summary page, you should see a link called “Sign Promissory Note” under the loan details for the Perkins Loan. Click on the link to begin the process of signing your Perkins Promissory Note. If you have not yet accepted your Perkins Loan, you will be guided to sign the Promissory Note as you complete the Accept/Decline process.

2. Complete Perkins Pre-Loan Entrance Counseling.

3. Update your permanent address on the MyUCSC student portal. This address must be set to “active” before your loan will disburse.

4. Sign up for Direct Deposit/Electronic Funds Transfer (EFT) for a quicker refund. (Recommended, but not required).


Federal Direct Subsidized and/or Unsubsidized Loans

1. Complete your Federal Direct Loan MPN (Master Promissory Note). You will need the Department of Education PIN that you used to file your FAFSA. To apply for or re-establish a PIN, go to http://www.pin.ed.gov. For general information on Federal Direct Subsidized and Unsubsidized Loans, visit www.ed.gov/DirectLoan.

2. Complete Federal Direct Loan Entrance Counseling. If you attended pre-loan counseling at another school, a photocopy of the signed counseling form from that school will satisfy this requirement. It can be faxed or mailed to Office of Student Business Services, UCSC, 1156 High Street, Santa Cruz, CA 95064; Fax: (831) 459-3918. For more information, call (831) 459-2107.

3. Update your permanent address on the MyUCSC student portal. This address must be set to “active” before your loan will disburse.

4. Sign up for Direct Deposit/Electronic Funds Transfer (EFT) for a quicker refund. (Recommended, but not required).

For further information about Pre-Loan Entrance Counseling, the Perkins Master Promissory Note, or Direct Deposit please contact:

Student Business Services
203 Hahn Student Services Bldg
UC Santa Cruz
1156 High Street
Santa Cruz, CA 95064-1077
Email: oarinfo@ucsc.edu
Phone: (831) 459-2107
FAX: (831) 459-3918