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Loans for Graduate Students
Starting July 2012, the Budget Control Act of 2011 made changes to the William D. Ford Federal Direct Loan (Direct Loan) Program. Specifically, the Budget Control Act eliminated graduate or professional student eligibility for Direct Subsidized Loans effective for loans with loan periods beginning on or after July 1, 2012.
To get a loan, you must be ENROLLED (not waitlisted) at least half-time at CSU Stanislaus. To keep your loan, you must STAY enrolled half-time. To avoid going into repayment, you must STAY enrolled half-time each semester. Half time for undergraduates, credential students, students working on a 2nd baccalaureate degree, and post-baccalaureate unclassified students is defined as 6 units. Half time for graduate professional and doctorate students is 4 units.
Federal Direct Loan Program
Beginning in Fall 2010, CSU Stanislaus will participate in the William D. Ford Federal Direct Loan Program. You will now get your Stafford (Subsidized or Unsubsidized) and PLUS (parent) Loans directly through the U.S. Department of Education, rather than through a bank or lender participating in the Federal Family Education Loan Program (FFELP), such as Bank of America, Citibank and Wells Fargo.
- Accept your loan offer at your MYCSUSTAN account.
- Visit the Direct Loan website www.studentloans.gov to electronically complete and sign your Master Promissory Note. This is the legal document for your loans and is required before your loan can be processed.
- Complete Direct Loan entrance counseling (a Federal requirement for new borrowers of Direct Loans). You may do this online at www.studentloans.gov.
- Are you a future teacher?
If so, check out the APLE Program (Assumption Program of Loans for Education). This can help you pay off your loans once out of school!
- Go to www.studenloans.gov and e-sign a PLUS Master Promissory Note. This is the legal document for the Parent Loan, and is a requirement before the loan can be processed.
- Complete the 2012-2013 Parent PLUS loan request form.pdf and return to the Financial Aid Office.
Calculation of Repayment
Want to see what your loan repayment and interest charges might look like? Visit the CSUMentor Financial Aid site and choose SLOPE Calculator.
Code of Conduct
The CSU Stanislaus Financial Aid and Scholarship Office does not provide concessions or promises to lenders for a specific number of Private Loans, a specified loan volume, or a preferred lender arrangement in exchange for private loan funds to students.
Officers, employees, and agents of CSU Stanislaus do not accept gifts from lenders, guaranty agencies, or loan servicers. The Financial Aid and Scholarship Office staff does not accept compensation for any type of consulting arrangements or contract to provide services to or on behalf of a lender relating to education loans. The Financial Aid and Scholarship Office staff does not receive compensation for serving on an advisory board, commission, or group established by lenders or guarantors, except for reimbursement of reasonable expenses. The Financial Aid and Scholarship Office staff does not accept commissions, bonuses, or incentive pay.