Unlike the two programs above, the interest is not subsidized while the student is enrolled in school. Depending on the lender, students may choose to defer the interest payments. The unpaid interest accrues and capitalizes during the in-school period. Payment of principal and interest begins six months after the student ceases to be at least a half-time student. Alternative Loan Program Students who are either ineligible for federal loans or have borrowed to the limits available under federal programs may opt for the UC Alternative Loan program.
Interest is deferred while the student is enrolled at least half-time.
The unpaid interest accrues and capitalizes during the student's enrollment. Appointments are made by individual faculty members in consultation with the Dean of Students or departmental advisors. Compensation varies according to the type of work,the length of appointment, and the time commitment required. At the Harris School, teaching positions are not available to first-year students. To be eligible for the Federal Work-Study Program, students must be enrolled full time and demonstrate financial need.