Additional Information
If you are enrolled in a full-time course at UCD, you may be eligible to defer your previous loans.
The University runs enrolment reports every 60 days. This involves updating NSLDS (National Student Loan Data System). Once your status has been updated this is available to your loan servicer. If you are taking out loans with the University this will be done for you automatically without requiring documentation.
If you are not borrowing loans for your studies, but have previous loans you wish to defer, the first step is to get a deferment form from your lender, complete it and bring it in to the Financial Aid Administrator to verify your enrolment. Please ensure you have the mailing address, fax or email of your lender. If you are receiving loans at UCD, you may still need to fill out deferment forms for your other loans.
Federal regulations require Title IV financial aid funds to be awarded under the assumption that a student will attend the institution for the entire period in which federal assistance was awarded. When a student withdraws from all courses for any reason, including medical withdrawals, he/she may no longer be eligible for the full amount of Title IV funds that he/she was originally scheduled to receive. The return of funds is based upon the premise that students earn their financial aid in proportion to the amount of time in which they are enrolled. A prorated schedule is used to determine the amount of federal student aid funds he/she will have earned at the time of the withdrawal. Thus, a student who withdraws in the second week of classes has earned less of his/her financial aid than a student who withdraws in the seventh week. Once 60% of the semester is completed, a student is considered to have earned all of his/her financial aid and will not be required to return any funds.