Promissory notes are legal contracts signed in acceptance of a loan before receiving money from the loan. The note lists the terms and provisions of the loan. Terms listed on a promissory note will include interest rates, minimum payments, and borrower rights and responsibilities. Some provisions listed on the promissory notes include deferment and cancellation provisions. It is important to read and understand the terms and provisions of each loan before officially accepting the loan funds. Save the borrower copy of each promissory note signed.

Specific questions concerning loan terms and provisions can be answered by contacting the Loan Services staff at UCSC Student Business Services at 831-459-2107 or via email at