What Kind of Student Loans are Available?
Federal Perkins Loans
Federal Perkins Loans are low interest rate loans (5%) available to students with exceptional financial need. Undergraduate students may borrow up to $4,000 and students in a Masters program may borrow up to $6,000.
Federal Stafford Loans
Federal Subsidized Stafford Loans are low interest rate loans available to students determined eligible for "need-based" financial aid. Link to site with current interest rate.
Graduate Plus
After July1, 2006 the CSUN Financial Aid & Scholarships Department began to offer a new loan program to students in Master degree programs–The Federal PLUS loan for Graduate Students.
Parent Loans for Undergraduate Students (PLUS)
The Federal Parent Loan for Undergrad Students (PLUS) is a loan for which the federal government does not subsidize the interest while the student is in school. It is available to parents of dependent undergraduate students. Federal PLUS loans are low interest rate loans where the interest rate is adjusted each year but may not exceed 9%.
Private Student Loans
A private education loan is a credit based consumer loan for the sole purpose of covering education costs. Since they are credit based you need to have an established credit history of at least 18 months. If you do not have an established credit history you can have someone, such as a parent, guardian, or relative, apply with you as a co-borrower or on your behalf as a sponsor. A private education loan can offer substantial benefits over other financing options such as credit cards, home equity loans, borrowing against a 401K, or using savings and investments.
Financial Aid Bookstore Debit Card Loan
How to obtain a bookstore debit card loan for purchasing books and supplies in the Matador Bookstore.
Common Reasons Why Your Loan Money May be Returned to the Lender:
- If you do not maintain the required number of units.
- If you did not complete loan entrance counseling.
- If you did not complete your master promissory note with your lender.
- If you withdraw from all your classes.
This information is in PDF format. The freely available Adobe® Acrobat® Reader is required. Download a free copy
![]()
