Financial Aid

Federal Loans

UC Berkeley participates in the William D. Ford Federal Loan Program, which allows students enrolled at least half-time (6 units) to borrow money directly from the federal government at a fixed interest rate. The loans accrue simple interest while in school and repayment begins six months after graduation or dropping below half-time. Interest capitalizes upon entering repayment. The standard repayment length is 10 years. We offer Loan Repayment workshops in your final term to provide additional tips and strategies.

Federal Direct Unsubsidized Student Loans are non-need based loans. The limit for your program is $20,500. All students who meet general eligibility requirements may qualify for Federal Direct Unsubsidized Loans.

  • Interest Rate: 5.31% fixed interest rate for loans disbursing on or after July 1, 2016
  • Origination Fees: 1.069% fee taken at disbursement for loans disbursing after October 1, 2016

Federal Direct Grad PLUS Loans are non-need based loans. Grad PLUS Loans require a credit check. To be eligible for a Grad PLUS loan you must meet the other general eligibility requirements for the Federal Student Aid Programs, and must not have an adverse credit history (i.e. no more than 90 days late on any debt, no bankruptcies or tax liens within the past 5 years, and no defaults or adverse actions on any prior education debt). Students can borrow a Grad PLUS Loan up to the remaining total cost of education each year, minus any other expected financial aid.

  • Interest Rate: 6.31% fixed interest rate for loans disbursing on or after July 1, 2016
  • Origination Fees: 4.276% fee taken at disbursement for loans disbursing after October 1, 2016

Available loan amounts. Below is a chart summarizing the available borrowing capacity each term. This is the amount you can expect to be offered to you each term.


Summer 2016
Fall 2016

Spring 2017

Summer 2017
Fall 2017

Direct Loan

$4,100 $4,100 $4,100 $4,100 $20,500

Federal Grad PLUS

$32,878 $32,878 $32,878 $32,878 $32,878 $164,390
Total $36,978 $36,978 $36,978 $36,978 $36,978 $184,890


How to Apply

First, obtain a Department of Education Personal Identification Number (PIN) to file your FAFSA. This PIN is also used to sign your Master Promissory Notes and access your loan accounts online. Visit for more information. To request federal loans, you must file a Free Application for Federal Student Aid (FAFSA). Complete the FAFSA for the current AND upcoming standard academic years. For the class entering May 2016 you should complete the 2015-16 FAFSA by June 3, 2016 and the 2016-17 FAFSA by April 15, 2017.

Application Process for Federal Loans
  • File a Free Application for Federal Student Aid (FAFSA) at Our school code is 001312.
  • If the UC Berkeley Financial Aid Office requests it, submit additional documentation [contact Haas Financial Aid]
  • Once you have a UC CalNet ID and passphrase and have received your Financial Award Notification, accept your awards on the appropriate system based on the term.
    • Summer 2016: MyFinAid There is a drop-down on the Award Details screen to accept all or part of the loans.
    • Fall 2016 and beyond: CalCentral.
  • Complete the Direct Loan Master Promissory Note (MPN) for Direct Loans
  • Complete the Graduate PLUS Master Promissory Note (MPN) if you also wish to borrow this loan
  • Complete the Federal Loan online Entrance Counseling
  • Sign up for Electronic Funds Transfer (EFT) to more quickly receive loan funds borrowed beyond billable costs at


Federal Loan Eligibility

General Eligibility Requirements:
In order to be eligible for any of the federal loan programs, you must meet the following requirements:

  1. You must be a U.S. Citizen, U.S. Permanent Resident or eligible non-citizen
  2. You must have a valid Social Security Number
  3. You must be enrolled at least half-time for the semester (6 units)
  4. You must not be in default on a federal educational loan and not owe a refund on a federal grant
  5. You must maintain Satisfactory Academic Progress
  6. If male, you must be registered with the Selective Service or obtain a waiver from the Selective Service Office

A note about Satisfactory Academic Progress

To maintain eligibility for Federal Loans and some private loans, you must maintain Satisfactory Academic Progress (SAP). All MBA students are expected to maintain a minimum cumulative grade-point average of 3.0 for continued participation in the program and graduation. If your GPA falls below the minimum, you will be placed on academic probation and may become ineligible for the undisbursed portion of any federal loan. SAP reviews are conducted after each term and prior to disbursement for the upcoming term.