Financial Aid Application
To apply for a student loan, complete a Free Application for Federal Student Aid (FAFSA) on-line at www.fafsa.ed.gov.
The Federal Processor e-mails the Student Aid Report (SAR) back to the student and the information is also transmitted on-line to the UCLA Financial Aid and Scholarships Office (this takes about three weeks).
You will receive an electronic Financial Aid Notification (FAN) via email late summer. The FAN will allow you to decline or accept full or partial loan amounts. Please follow instruction on the FAN to complete a Master Promissory Note. You will be notified via e-mail when a new FAN and any other financial aid communications are ready for your review. In preparation for FANs, please make sure your e-mail address is updated and maintained through MyUCLA ( http://www.my.ucla.edu/ ).
Bruin Direct is the electronic deposit of your financial aid posted directly into a personal bank account, which will allow you to have access to your aid faster, and is more convenient. If you do not sign up for Bruin Direct a check will be mailed to your mailing address indicated on MyUCLA. If you are interested in Bruin Direct you can receive more information and download an application at www.sfs.finance.ucla.edu. Please allow 30 days for processing.
Financial Aid Eligibilty
- Students in the Educational Leadership Program are eligible for Federal Stafford Student Loans (unsubsidized direct loans).
- Unsubsidized loans are not need based (the government does not pay the interest).
- The maximum amount available for Federal Stafford Student Loans is $20,500 per academic year.
Financial Aid Distribution
Once the FAN, Loan Debt Management Session, and Master Promissory Note are completed, loan funds will apply quarterly toward tuition and any remaining aid will be refunded via Bruin Direct or mailed to your mailing address.
Financial Aid Loan Re-Payment
- Repayment begins six months after the student leaves school, or falls below half time status, or withdraws from the program after disbursement.
- Federal Unsubsidized Loans are non-need based loans and accrue interest from the day of disbursement.
Financial Aid Loan Management Session
ELP students are required to take an on-line Loan Debt Management Session before financial aid funds can be released. Complete the Loan Debt Management Session here (www.loans.ucla.edu). Information will be sent to you by the UCLA Financial Aid and Scholarships Office. You may also visit: http://www.loans.ucla.edu/contact.html
If you have any questions regarding the Loan Debt Management Session or status of your session, contact Student Loan Services (310) 825-9864.
Loan Forgiveness Programs for Teachers
Please visit this website to learn more: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher#teacher-loan-forgiveness