Financial Aid & Scholarship Office

Loans Overview

Federal student loans are available to most students regardless of income and provide a range of benefits and repayment options, which private educational loans are not required to provide. Student loans are a borrowed source of money that must be eventually paid back, unless discharged through a federal loan forgiveness program.

Types of Loans

Alternative (or Private) Educational Loans

If additional funding is needed due to educational expenses that cannot be met by federal student loan programs and family resources, or to loss of eligibility for aid programs, alternative/private educational loans may be an option.

Federal Direct Stafford Loans

CSU, Chico is part of the Federal Direct Student Loan Program(opens in new window), also known as the William D. Ford Direct Loan Program. In this loan program, long-term, low-interest loans, called Stafford loans, are borrowed directly from the U.S. Department of Education, with the loan proceeds delivered through CSU, Chico.

Federal Perkins Loan

As of October 1, 2017 the Perkins Loan Program was officially discontinued for Undergraduates.

As of October 1, 2015 the Perkings Loan Program was officially discontinued for Graduates.

Federal Direct PLUS Loans

Federal Parent Loans

Direct PLUS loans are available to your parents if you are a dependent, undergraduate student enrolled at least half time (six units or more). Your parent may borrow an amount up to the cost of attendance minus any other aid you are receiving.

Graduate PLUS Loans

Direct PLUS Loans are available to graduate students (master’s level), enrolled at least half time (four units or more), who have reached their annual limit in Stafford Direct Loans, and have unmet need.

Short-term Loans

The Short-Term Loan Program provides short-term financial assistance of up to $500 to CSU, Chico students for expenses related to their University attendance. Short-term loans must be repaid within 90 days.

Other Loan Information