First-Time Borrower Requirements

If this is the first time you have accepted federal student loans at UC Santa Cruz, there are three important requirements you must complete before you will receive funds:

1. Complete the on-line loan promissory note(s) - this is your promise to repay the loan.
2. Complete on-line pre-loan entrance counseling; this is an opportunity to learn about the terms and conditions of the loan(s) as well as about your rights and responsibilities as a borrower.
3. Check to be sure you have an "active" permanent address in MyUCSC.
   

We offer two types of student loans: Federal Direct and Federal Perkins Loans. Make a note of which of these you have accepted on your financial aid offer on MyUCSC.

Notes:
*One process covers both Federal Direct Subsidized and Unsubsidized Student Loans.

Loan promissory notes and counseling

The Student Business Services Office in 203 Hahn Student Services manages the Pre-Loan Entrance Counseling, the Perkins Master Promissory Note, and the Direct Deposit processes. Contact SBS if you have questions about any of these processes.

**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 the Student Business Services Office, UCSC, 1156 High Street, Santa Cruz, CA 95064; Fax: (831) 459-3918. For more information, call (831) 459-2107.

SIGN UP FOR DIRECT DEPOSIT TO YOUR PERSONAL BANK ACCOUNT

To receive aid funds remaining after all your UCSC charges have been paid, sign up with Student Business Services for direct deposit to your personal checking or savings account. Otherwise, aid refunds owed to you will be paid via check and mailed to your local address.