"I want to be a leader who can cause positive change in the lives of as many people as possible."
- Oumou Ly '13
OFFICE OF FINANCIAL AID
St. Mary's Hall 101, 102, 103, 105
Tel: 1 (800) 263-0545 or
Fax: (650) 508-3635
M-Th 9:00 a.m. - 6:30 p.m.
F 9:00 a.m. - 5:00 p.m.
Direct Subsidized Loans
Direct Subsidized Loans are available to students enrolled at least half-time, which is at least 6 units a semester for credential programs and 4.5 units a semester for master's programs. Subsidized Direct Loan offers up to $2,750 for credential students and $4,250 for graduate students per semester. The current interest rate for Subsidized Loan is fixed at 3.4%. Read more about Direct Loan basics for students.
Direct Unsubsidized Loans
Direct Unsubsidized Loans are available to students enrolled at least half-time. Loans offer up to $3,500 for credential students and $6,000 for graduate students per semester. The current interest rate is 6.8%. Read more about Direct Loan basics for students.
Private loans may be available to help bridge the gap between financial aid and the cost of education. The terms of these loans differ according to the lender and you should compare the information to determine which loan best suits your needs.
Once you have considered federal loan options, you can use the California Private Loan Marketplace to instantly and accurately compare rates and terms from multiple private loan lenders side-by-side. This will help you make an informed decision about the most appropriate loan for you. The Marketplace displays products from local and national lenders, complete with detailed listings of APRs, interest rates, total cost, monthly payments, borrower benefits, fees and repayment options.
- NSLDS (National Student Loan Data System)
Get information about your student loans.
- Entrance Loan Counseling
Complete entrance loan counseling online.
- Exit Loan Counseling
Complete exit loan counseling online.
- Student Loan Repayment Calculator
Find out how much approximately your monthly payment will be when your loans go into repayment.
- Institutional Code of Conduct for Education Loans
For federal student aid, credential students are considered undergraduates. The U.S. Government provides Pell Grant assistance to part-time and full-time undergraduate students, of up to $5,550 per year. Students become eligible based on income, etc., after the FAFSA (Free Application for Federal Student Aid) has been completed and processed.
Cal Grant A and B Extended Benefits
TEACH Grants of up to $4000 will be available annually for students if you qualify and plan to each a high-need
subject at a high-need school. Grants convert to unsubsidized loans if the recipient doesn't teach in a qualified school a minimum of four out of their first eight years after college. Students must have a 3.25 GPA to qualify. Go to https://teach-ats.ed.gov/ats/index.action for information.
Assumption Program of Loans for Education (APLE)
Assumes up to $11,000 of student loan debt in return for four years paid teaching service in a designated subject shortage area or at a designated school and up to $8,000 more if you teach math, science or special education at the lowest-performing schools. Visit the Cal Grant website or the California Student Aid Commission for more information.
Federal Loan Forgiveness For Teachers
Forgives up to $5,000 federal Stafford loan debt in return for five years of paid teaching service at a low-income school. Up to $17,500 for highly qualified math, science, or special education teachers. Visit studentaid.ed.gov for more information.
Federal Perkins Loan Forgiveness
Forgives part or all of a federal Perkins loan if you teach at a designated low income public school, in a designated subject or to children with disabilities. Visit studentaid.ed.gov for more information.
Teach for America
Offers forbearance and interest payment benefits on qualified student loans, plus up to $5,350 a year to repay loans, if you teach for two years at a disadvantaged school. Visit www.teachforamerica.org for more information.
By becoming an AmeriCorps volunteer, you will earn up to $5,550/ year for up to two years to pay for college or repay your feeral student loans. You may also be able to postpone your student loan payments while you are a volunteer. Visit www.americorps.gov for more information.
You can incorporate your Peace Corps service into a master's degree program and you may receive financial assistance. In addition, you may be able to defer payments on your student loans, and up to 70% of your federal Perkins loan debt may be forgiven if you serve as a Peace Corps volunteer. Visit www.peacecorps.gov for more information.
American Opportunity Tax Credit
Learn more about a newly created tax credit for education-related expenses.