MBA Finances

Federal Loan Options

How to Apply

In order to be eligible to receive a Direct Loan, you must first file the FAFSA. The FAFSA must be filed each year that you are seeking to receive a Direct Loan--you will not be offered a loan until the FAFSA for the applicable year has been filed. Although the FAFSA must be filed each year, the Master Promissory Note (MPN) and Entrance Counseling only need to be completed once while at the Haas School.

Application Process for Federal Direct Loans

File a Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov
If the UC Berkeley Financial Aid Office requests it, submit additional documentation
Once you have a UC CalNet ID and passphrase and have received your Financial Award Notification (beginning in April), accept your awards on BearFacts
Complete the Direct Loan Master Promissory Note (MPN) for Subsidized/Unsubsidized Loans
Complete the online Entrance Counseling
Sign up for Electronic Funds Transfer (EFT) at http://eftstudent.berkeley.edu

Application Process for Federal Grad PLUS Loans
File a Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov Complete the Grad PLUS request form and return it to the Haas School's Office of Financial Aid. The form can also be faxed to (510) 642-9387 Complete the Direct Loan Master Promissory Note (MPN) for Grad PLUS Loans online at http://dlenote.ed.gov/empn/StudentLoanSelector.jsp Complete the online Entrance Counseling Sign up for Electronic Funds Transfer (EFT) at http://eftstudent.berkeley.edu

Application Process for Federal Grad PLUS Loans

File a Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov
Complete the Grad PLUS request form and return it to the Haas School's Office of Financial Aid. The form can also be faxed to (510) 642-9387
Complete the Direct Loan Master Promissory Note (MPN) for Grad PLUS Loans online at http://dlenote.ed.gov/empn/StudentLoanSelector.jsp
Complete the online Entrance Counseling
Sign up for Electronic Funds Transfer (EFT) at http://eftstudent.berkeley.edu