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Re: MBA federal loan
The University of California, 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. Federal Loan Eligibility General Eligibility Requirements: In order to be eligible for any of the federal loan programs, one need meet the following requirements: 1. One need to be a U.S. Citizen, U.S. Permanent Resident or eligible non-citizen 2. One need to have a valid Social Security Number 3. One need to enrolled at least half-time for the semester (6 units) 4. One need not to in default on a federal educational loan and not owe a refund on a federal grant 5. One need to maintain Satisfactory Academic Progress 6. If male, One need to be registered with the Selective Service or obtain a waiver from the Selective Service Office Application Process for Federal Loans • File a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov [annually] • If the UC Berkeley Financial Aid Office requests it, submit additional documentation [contact Haas Financial Aid] • Once one has a UC CalNet ID and passphrase and has received Financial Award Notification (beginning in June), accept one’s awards on MyFinAid There is a drop-down on the Award Details screen to accept all or part of the loans. [annually] • One need to complete the Direct Loan Master Promissory Note (MPN) for Direct Loans [just the first year you borrow] • One need to complete the Graduate PLUS Master Promissory Note (MPN) if one also wish to borrow this loan [just the first year you borrow] • One need to complete the Federal Loan online Entrance Counseling [just the first year you borrow] • Sign up for Electronic Funds Transfer (EFT) to more quickly receive loan funds borrowed beyond billable costs at eftstudent.berkeley.edu [just the first year one borrow] MBA Federal Loan |
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