FINANCIAL AID APPLICATION
ELIGIBILITY
DISTRIBUTION
RE-PAYMANT
ENTRANCE EXAM

Financial Aid Application

*Please DO NOT apply for financial aid until you are accepted into the Educational Leadership Program. **

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 Office (this takes about three weeks).

* You will receive an electronic Financial Aid Notification (eFAN) via email. The eFAN will allow you to decline or accept full or partial loan amounts. Please follow instruction on the eFAN to complete a Master Profissory Note. You will be notified via e-mail when a new eFAN and any other financial aid communications are ready for your review. In preparation for eFANs, please make sure your e-mail address is updated and maintained through URSA at www.ursa.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 URSA. 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 (both subsidized and unsubsidized).

Subsidized loans are available to those who can demonstrate financial need (the government pays the interest on the loan while the student is in school). The maximum amount available for subsidized loans is $8,500 per academic year (July-June).

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 eFAN, Loan Debt Management Session, and Master Promissory Note is 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 withdrawls from the program after disbursement.

Federal Subsidized Loans are need based with no interest while in school.

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 at http://www.loans.ucla.edu/dms.html, if you have any questions regarding the Loan Debt Management Session or status of your session, contact Student Loan Services (310) 825-9864.