Your financial aid package will include grant whenever federal or state regulations, UCR awarding policies, and available funding levels permit. Scholarships do not require repayment. Most scholarships awarded by the UCR Financial Aid Office are based on both financial need and academic excellence. Applicants must meet all priority deadlines for consideration. External scholarships are dependent on the qualification requirements of the donor.
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. 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. All new borrowers at UCR must complete a pre-loan counseling interview at the Student Business Services Office in which loan responsibilities and repayment terms are addressed.