Undergraduate Student Loans
Federal Student Loans (FAFSA Applicants)
Students who complete a FAFSA will generally be offered Federal Student Loans as part of your financial aid award for undergraduate and teacher credential students. These are loans made available by the Federal Government for you to pay for education costs. Federal loans awarded are subsidized or subsidized with varying amounts depending on financial need, grade level, and cost of attendance.
Subsidized loans - awarded based on financial need as determined by the FAFSA and are not charged interest while enrolled at least half time and maintaining subsidy requirements.
Unsubsidized loans - are not awarded based on financial need and are charged interest as soon as they are disbursed.
CSUMB is committed to ensure students are understand all requirements when borrowing student loans. If you're interested in taking out loans, make sure you complete the following requirements:
- You must be enrolled at least half-time (6 credits);
- Accept your loan offer on your OASIS student account;
- Register and attend an in-person entrance counseling;
- Complete the entrance counseling quiz on ilearn.
- Complete a Master Promissory Note (only when it's your first time taking out a loan); and
- Make sure you attend an in-person Exit Counseling before you graduate.