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Office of Financial Aid
Knoles Hall, 1st Floor
Mailing Address:
University of the Pacific
Office of Financial Aid
3601 Pacific Ave.
Stockton, CA 95211

Loan Information for Students and Parents

About Loans  |  Undergraduate Loan Information  |  Graduate / Professional Programs  |  Private (Alternative) Loan Information  |  Loan-Related Resources


About Loans

Loan Eligibility

The actual loan amounts and types of loans (subsidized, unsubsidized or a combination of both) that you are eligible to receive each year is determined by Pacific. The amounts are based on such factors as your cost of attendance, expected family contribution (EFC), other financial aid and grade level in school.


You must enroll at least half-time to receive financial aid. For undergraduates, professional Pharmacy students, teaching credential students, and graduate students in the Speech-Language Pathology and Physical Therapy programs, a minimum of six units per semester is considered half-time and 12 units is full-time. For students in other graduate programs, four units is considered half-time and eight units is full-time.

We must review your financial aid eligibility whenever there is a change in your enrollment, such as a drop from full-time to part-time status. Aid must also be reviewed if you withdraw or take a leave of absence.

Withdrawal From a Semester or the University

Students intending to completely withdraw from a semester or from Pacific will have to initiate the process in the Office of the Registrar. The withdrawal date used by Financial Aid for return in the Return of Title IV Aid calculation and the effective date used by Student Accounts for tuition refunds are based on the date of your notification to the Office of the Registrar.

Loan Obligation

You are obligated to repay the full amount of the loan regardless of the following:

  • whether you complete the program or finish within the regular time for completion.
  • unable to obtain employment upon completion.
  • dissatisfied with or believe you did not receive the education or other services you purchased.

Student Loan Code of Conduct

Pacific has developed a Code of Conduct in compliance with federal regulations. The Financial Aid Office staff members comply with the Code of Conduct. Click »here for more information.



Federal Direct Stafford Loan

The Federal Direct Loan Program allows you to borrow directly from the federal government, through the University, to pay college costs. There is a government loan fee of 1.073% removed from the total Stafford loan amount upon disbursement (payment to your student account). Undergraduate students must be enrolled in at least 4 units to be considered for financial aid assistance.

Students who demonstrate financial need may qualify for a subsidized Stafford Loan; others may qualify for an unsubsidized loan. The interest rate on the Federal Direct Stafford Loan is fixed for the life of the loan. The interest rate for loans disbursed on or after July 1, 2015 is:

  1. Federal Direct Stafford Loan (subsidized):
    1. Only available to undergraduate students
    2. Loan origination Fee: 1.073%
    3. Interest rate: 4.29%
  1. Federal Direct Stafford Loan (unsubsidized):
    1. Loan origination fee: 1.073%
    2. Undergraduates -  Interest rate: 4.29%
    3. Graduate/Professional - Interest rate: 5.84%

Loan Basics for Students

Understanding Capitalized Interest:

Capitalized interest is interest that accrues on your initial loan amount while you are still enrolled. The chart below demonstrates an example of the difference between paying your loan monthly interest payments vs. deferring interest payments until after you graduate.

$3,500 loan: 6.8% and Interest: 4 years in school

Capitalize Interest

Interest Paid While in School

Amount Borrowed: $3,500 $3,500
Monthly Interest Payment (while in school): $0 $19.84
Interest to Capitalize: $952 $0
Principle Balance at Repayment: $4,452 $3,500
Estimated Monthly Payment (once in repayment): $50 $50
Total Payments: $5,950 $5,302
Total Interest Paid: $2,450 $1,802
Total Savings: N/A $648


Additional information about the Federal Direct Stafford loan can be found on the U.S. Department of Education's William D. Ford Federal Direct Loan Program page.

Federal Perkins Loan

Federal Perkins Loans are subsidized, fixed 5% interest rate, that are reserved for students who demonstrate high financial need.

Beginning on September 30, 2015, Universities will have limited authority to administer Federal Perkins Loans.   If you have been awarded a Federal Perkins Loan this year and have not completed the requirements for disbursement, you must act before September 30, 2015 to maintain your eligibility in this program.

The Federal Perkins Loan is set to wind -down at the end of September.  This policy is consistent with the Higher Education Act of the 1965 (HEA) which limits Institutions in awarding new Federal Perkins Loans to students after September 30, 2015. Students who already have been awarded a Federal Perkins Loan may have eligibility to continue in the program if all of the following apply:

  • The student had a disbursed Federal Perkins Loan before June 30, 2015.
  • The student has maintained enrollment at the same institution where the last Perkins Loan was received.          
  • The student has continued in the same degree seeking program and has not changed majors since the Federal Perkins was awarded.          
  • The student has maintained Satisfactory Academic Progress.

Federal Direct PLUS Loan (Parent Loan)

The Federal Direct PLUS Loan is an unsubsidized credit-based loan for the parents of dependent students. The interest rate on the Federal Direct PLUS Loan is fixed at 6.84%. There is a government loan fee of 4.292% removed from the total PLUS loan amount upon disbursement (payment to your student account).

Parent PLUS Information

Loan Basics for Parents

Direct PLUS and Adverse Credit 


Additional information about the Federal Direct PLUS Loan can be found at:  http://www2.ed.gov/offices/OSFAP/DirectLoan/parent.html  

Understanding the difference between subsidized and unsubsidized student loans:

Subsidized Loans-  a type of loan in which the interest associated with the loan is paid by the government while the student is enrolled in school (in-school deferment) at least half-time. The student does not have a responsibility to repay interest paid by the government.

Unsubsidized Loans-  a type of loan in which the student is responsible for the interest that accrues on the loan while in school. Depending on the type of loan the student may have the option to defer payment of accrued interest until after graduation (i.e. not pay until after graduation).


Private (Alternative) Loans

Lenders offer a variety of private education loans to assist students and families in meeting college costs. Before you consider a private educational loan (often called an "alternative" loan), we recommend you determine your eligibility for federal student loans, which generally have better terms; find more information about federal student loans at www.federalstudentaid.ed.gov.

Just like any other student loan, borrowers should consider a number of factors before applying for a private educational loan:

  1. Private educational loans are usually higher interest programs with interest that accrues while the student is in school.
  2. Students (or co-borrower) must have a good credit history to obtain private educational loans.
  3. Students (or co-borrower) must be a U.S. Citizen or Permanent Resident.
  4. Most lenders require that you be enrolled at least half-time in a degree-seeking program (dependent on the lender) Pacific will certify your loan up to the cost of attendance less other aid.
  5. You will be required to complete a Self Certification Form to provide financial aid information to your lender. The Self Certification Form will be provided to you by your lender.
  6. Your lender is required to provide the borrower with three additional Truth-in-lending statements at specific points in the application process. As a result, we are recommending that you apply at least three weeks prior to the date you need the funds and comply quickly to information requests from your lender.

Pacific recommends borrowers compare and research various private educational loan programs carefully before selecting a lender and to borrow as little as possible. We provide the following websites to assist you in choosing a lender; you are welcome to use any lender you like for your private educational loan:

  1. Private Loan Options:
  2. Private Loan Marketplace:


Graduate / Professional Programs

Graduate Students

All Graduate Students who are interested in applying for loans should complete the FAFSA. Graduate students may be eligible for unsubsidized Federal Direct Stafford loans, Grad PLUS loans and Private (Alternative) loans. Graduate students must be enrolled in at least 4 units to be considered for financial aid assistance.

Important: Students cannot be considered for aid until the FAFSA application is completed.

Direct Grad PLUS Loans for Graduate and Professional Students

Graduate and professional degree students can borrow a credit-based Direct Grad PLUS Loan to help cover education expenses. The interest rate on the Federal Direct Grad PLUS Loan is 6.84%. There is a government loan fee of 4.292% removed from the total Grad PLUS loan amount upon disbursement (payment to your student account). Accept all or partial on  insidePacific. No separate application is required. 

 Loan Basics for Graduate/Professional Students

Direct PLUS and Adverse Credit

The terms and conditions applicable to PLUS Loans for parents, also apply to Grad PLUS Loans for graduate and professional students.


Financial Aid information for Professional Pharmacy (Pharm D.) can be found »here.


Useful Loan-Related Resources


The  National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. The website provides you access to the national database that provides detailed information about the loans and Pell Grants you have received historically. It includes Direct, Perkins, and PLUS Loan information.

Estimated Monthly Repayment Charts





Visit the National Student Loan Data System (NSLDS), which holds a record of all of your Direct and Perkins Loans.

Contact the Office of Financial Aid if you have questions concerning your rights and responsibilities or the terms and condition of your student loans.

 For detailed loan information, please visit the  U.S. Department of Education website.