Preferred Lender List
Beginning in June 2014 we have compiled a comprehensive Preferred Lender List (PLL) in coordination with the UC Office of the President. The selection process considered the needs of our students in the categories of pricing, service, and technology. Below is the list provided by the UC Office of the President. International students will need a US cosigner in most cases
Private loans are certified for loan periods that cannot exceed 365 days. Consequently, you will need to submit a second loan application for the second loan period. If you are approved and certified for the maximum amount (including living expenses), the amount will be disbursed equally among the terms of the loan period.
For example, if you borrow $104,400 in the first loan period (the first three terms), funds will disburse in equal portions and cover all your assessed fees. You could then apply for $69,600 for the second loan period (the last two terms), and funds will disburse in equal portions and cover all your assessed fees. The chart below shows the maximum you could borrow, more than just the assessed fees, assuming no other financial aid. In such a scenario you could borrow up to $115,134 in the first loan period and $76,756 in the second loan period.
Loan proceeds will be paid towards your CalCentral account. If your funds cause a credit balance, the refund will be directly deposited into your personal bank account if you have signed up EFT (Electronic Funds Transfer).
The Department of Education (ED) encourages all eligible students to consider Federal Loans first. Conversely, no matter what entity lends the funds, students should review the terms in detail. The Haas Financial Aid Office is available to provide further information in-person, by phone, via email and through alternate media such as podcasts, chats, and webinars.
The Haas Financial Aid Office does not receive, and will not accept, inducements from lenders in exchange for inclusion in the Preferred Lender List, nor does the Haas School share in the profits from student loans. For more details feel free to read The University of California Code of Conduct in Regard to Preferred Lender Arrangements.
You can choose to borrow from the list above or from another reputable lender.
Disclosures mandated by California law SB 1289
This information was adapted from the UCOP language developed for SB 1289. Students considering student loans need to be aware of the differences between federal student loans and private student loans. This information is communicated to all students attending Orientation: