The Financial Aid and Scholarships Office offers short-term emergency loans to graduate and undergraduate students. These interest-free loans are designed to help students meet unanticipated expenses directly related to the cost of education.
Emergency Loans Are Available: Apply for an emergency loan via CalCentral and select the EFT (direct deposit) option to have funds deposited into your bank account within 3-5 business days.
Direct Deposit is the quickest way to access refunds once available. Visit: eftstudent.berkeley.edu and sign up today!
If signing up for Direct Deposit is not possible or you need additional assistance, please open a case online.
While the majority of emergency loans are eligible for automatic approval and issued rapidly, students should allow for 2-3 business days for emergency loans to be reviewed and approved. Some applications require additional review by a financial aid staff member. You may be required to provide additional information prior to notification of a decision, so please respond promptly to any requests related to your emergency loan application.
Note: Submitting an application does not guarantee approval.
Dates of Availability
Fall 2020: August 19 through December 18, 2020.
Spring 2021: January 12 through May 14, 2021.
Summer 2021: May 24 through August 13, 2021.
How to Apply
Apply in CalCentral under the My Finances section. Here is a step-by-step guide to get you started. If you need more information about short-term emergency loans, please see the Cal Student Central website.
Types of Loans
Types of Loans Available During the Fall and Spring Semesters
Co-payable Loan for Fees
A co-payable Loan for Fees is available if you have enrolled for the semester, but have not yet obtained official registration status. The loan is intended to help make a partial payment toward fall or spring semester UC Berkeley registration fees. The loan will directly pay your fees and will be reflected in your Student Account. Students requiring additional funding beyond the co-payable maximum are encouraged to secure alternate sources of funding to meet the minimum amount due in advance of the payment deadlines. To be eligible:
1. Be enrolled in a minimum of 1.0 unit and have a non-registration status
2. Do not have any active registration holds
3. Do not have a past-due Co-Payable Loan for Fees and/or Living Expense Loan
If you are eligible, you may receive up to $1,435. Only one Co-payable Loan for Fees will be granted per student per semester. Co-payable Loans for Fees are not available for UC Berkeley Summer Sessions, UC Berkeley Extension fees, UC Education Abroad programs, enrollment at other UC campuses, or enrollment at other educational institutions.
Living Expense Loans
Living Expense Loans are available to UC Berkeley registered students who have demonstrated financial need for funds essential to their attendance. To be eligible:
1. Be registered at UC Berkeley for the current semester
2. Do not have any active registration holds
3. Do not have a past-due Living Expense Loan and/or Co-payable Loan for Fees
If you are eligible, you may receive up to $1,000. The Financial Aid and Scholarship Office may, at its discretion and on case-by case basis, approve more than one loan per semester per student and/or approve a loan in excess of $1,000. Such approval requires authorization from an appropriate representative of the Financial Aid and Scholarships Office, or a delegated official, and eligible students may be required to sign a revised promissory note. Students may receive these short-term, emergency funds via paper check at Cal Student Central or in their personal bank account via Direct Deposit (a.k.a. Electronic Funds Transfer [EFT]). Note: If your Direct Deposit/EFT is not active, a paper check will be printed for pick up at 120 Sproul Hall at Cal Student Central from 9 A.M. to 4 P.M. Loan disbursements will not be split across multiple payment methods.
Type of Loan Available During Summer Sessions
Living Expense Loan
A Living Expense Loan is available during Summer Sessions to eligible registered students. The maximum loan amount is $1,000. To be eligible:
1. Be registered at UC Berkeley for the current Summer Sessions
2. Be a continuing student who has completed the previous spring semester
3. Do not have any active registration holds
4. Do not have a past-due Living Expense Loan and/or Co-payable Loan for Fees
The Financial Aid and Scholarships Office reserves the right to determine whether to make a loan available after assessing eligibility and other factors that may affect the student’s registration or ability to repay the loan. This determination of eligibility is subject to verification of the information provided in the application and the university’s records. The maximum loan amount is established each semester by the Financial Aid and Scholarships Office and is subject to change without notice.
Loans are interest-free.
The Financial Aid and Scholarships Office assesses a $20 administrative fee for each short-term emergency loan. This fee is automatically added to the loan balance and is repaid when the loan is repaid. The amount of the administrative fee is established each semester by the Financial Aid and Scholarships Office and is subject to change without notice. This fee will be waived for the 20/21 academic year.
The maximum loan amount is established each semester by the Financial Aid and Scholarships Office and is subject to change without notice.
Repayment Terms and Payment Options
Repayment Terms and Disclosures
The principal loan amount and administrative fee are due approximately 60 days from the date of the application of the loan.
Financial aid awards, loans, or other credits to your account may result in the loan balance being paid before the due date.
Funds eligible to pay the loan balance will not be issued as a refund of overpayment until the loan balance is paid-in-full.
Borrowers are responsible for repayment whether or not they receive a bill.
Borrowers have several options for making payments to their account—either electronically or by check.
Important Information for Financial Aid Recipients
If you are receiving financial aid, please be aware that once your financial aid posts to your account, it may pay off the emergency loan and the application fee, if applicable, before the due date. There is no guarantee that this will happen, however, and financial aid may not pay any of it. It is your responsibility to monitor your account activity.
Cal Student Central
120 Sproul Hall