The notification will also include a loan promissory note, information on required loan entrance interviews and other processing information. Applications for all loans must be filed at the UCSC Office of Financial Aid . Contact the UCSC Financial Aid Office for up to date information on loan application requirements. The note lists the terms and provisions of the loan you are borrowing. Terms listed on a promissory note will include interest rates, minimum payments, and borrower rights and responsibilities.
Some provisions listed on the promissory notes include deferment and cancellation provisions.
It is important to read and understand the terms and provisions of each loan before you officially accept the loan funds. You should also save the borrower copy of each promissory note you have signed. If you will be receiving a student loan while attending UCSC, Federal regulations mandate that new borrowers attend an Entrance Interview . We will provide you with important information about your loans, and give you the opportunity to ask questions. No appointment is necessary to attend the entrance interview, but you must arrive promptly.