Most loan programs available through UCR are federally funded, providing long-term, low interest loans. Some are based on financial need, but there loan programs available to all students regardless of income. Unsubsidized loans are available to students who do not have financial aid eligibility. Loans are included in most financial aid packages.
Loans are financial aid awards which require repayment.
They offer the opportunity to defer the cost of your educational expenses by borrowing now and repaying later. Interest will be charged on the amount you borrow. The federal government pays the interest on subsidized loans while you are enrolled at least half-time. You are responsible for paying the interest on unsubsidized loans while you are enrolled. If you accept loans for financing part of your education, you should carefully monitor the total amount borrowed and the repayment requirements that you will have when you finish your education.