![]() ![]() ![]() Gift aid (free $): Think of gift aid as free money that you can use to cover your educational expenses. This figure is based on information you provide in the financial aid application and includes tuition and fees, as well as books, housing, food and other living expenses. Total cost of attendance: The total cost of attendance is UC’s estimate of your annual budget while attending UC. To get a better understanding of how this all works together, it's helpful to understand the following equation: Each campus determines your total grant eligibility and meets it using federal, state and UC's own gift aid programs. UC covers the remaining costs with gift aid from a variety of sources.Parents: UC expects parents to contribute based on their financial resources and circumstances as reported on the FAFSA or California Dream Act Application.Students: UC expects you to cover part of the cost of attendance through working and borrowing. ![]() Please contact your Financial Aid Office or email with any questions.No matter what mix of financial aid you receive, you, your parents and UC each has an important role in paying for your education: You can expedite delivery of funds by enrolling for direct deposit of refunds.Loan processing may take up to three weeks please indicate on your application if you need funds sooner.At the end of the waiting period, loan funds will be delivered to you by Student Financial Services.Once Stanford receives confirmation that your promissory note is signed, the legally-required waiting period of six business days begins.You will receive an email message from directing you to complete the online promissory note.Your Financial Aid Office may contact you with follow-up questions.You will be prompted to confirm your identity via Stanford WebAuth. The application is hosted by Qualtrics and meets Stanford's standards for data security. Complete and submit the online application form.Determine the amount that you will need to borrow for initial move-in expenses (maximum $6,000).Public Health Service, Peace Corps, or VISTA, and during full-time medical residency see promissory note for details. Temporary deferment of payments and interest available during periods of service in the U.S.5% fixed interest accrues during the ten-year repayment period.0% during the six-month grace period after ceasing enrollment at half-time or above.0% while student is enrolled at Stanford at the half-time level or above.Repayment period: Up to ten (10) years, starting at the end of the six-month grace period.No payments due during grace period of six (6) months after the borrower ceases enrollment.No payments due while the borrower is enrolled at Stanford at the half-time level or above.Maximum loan amount: $6,000 (lifetime limit for this loan program).Your eligibility for other student loan funds may be affected by your borrowing this loan contact your Financial Aid Office with questions about the impact on your financial aid package.Students who will be sharing off-campus housing with others are eligible to borrow toward their portion of initial move-in expenses please explain your circumstances on the application form.Students who will be living in off-campus housing that is subsidized by Stanford (e.g.Students who will be living in on-campus housing are not eligible.The following individuals are not eligible: Undergraduates, Postdocs, Visiting Student Researchers, other non-matriculated students, faculty, staff.Students must be planning to enroll at the half-time level or above for at least one quarter of the upcoming academic year to be eligible.Coterminal Bachelor/Masters students in the fifth year of enrollment are eligible.Degree-seeking graduate and professional students are eligible.Loan funds are not intended to cover ongoing expenses such as monthly rent, food, or transportation.Loan funds must be used to cover initial move-in expenses only.Graduate and professional students who will be living off-campus may apply for loan funds to help with move-in costs, such as first and last month's rent and security deposit. ![]()
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