Step 9 - FEMBA
Financial aid is available to remove the cost barriers that may prevent you from pursuing your educational goals. Assistance is available from a variety of programs funded by federal, state, university and private sources. Students who demonstrate significant financial need may qualify for grant aid while students with less need may obtain low cost loans. Financial need is determined through a federal formula that assesses the family’s relative financial strength and ability to contribute to meeting the student’s educational costs.
Federal Perkins Loan
Federal Perkins Loan is a federally funded program providing long-term low-interest loans for students who demonstrate financial need. Interest does not accrue on the loan and there is no repayment while the student is enrolled at least half time. Repayment begins nine months following graduation, withdrawal, or enrollment below half-time status. Graduate student who qualify may receive up to $8,000. For details (click here).
Federal Direct Stafford Loans
Federal Stafford loans are available to assist you in meeting your educational expenses. Subsidized Stafford loans are based on demonstrated financial need; the government pays the interest on your behalf while you are enrolled at least half-time (six credit units). Unsubsidized Stafford loans are available if you do not qualify, in whole or in part, for a subsidized loan to meet your expenses. You may elect to pay the interest on your unsubsidized student loan while you are enrolled or you may request that the interest be capitalized and repaid along with the principal after you complete your program. For more details see the financial aid website (click here).
Federal Direct Plus Loans for Graduate
Graduate PLUS loans are available to graduate students. The PLUS loan is a long-term loan program with a fixed interest rate. Eligibility for PLUS loan is base on your good credit history. Like the unsubsidized Federal Stafford Loan, the interest on a PLUS loan accrues from the point of disbursement. PLUS loans may not exceed the cost of education minus other aid. For more details see the financial aid website (click here).
Eligibility for Federal Student Aid
To receive a Federal Stafford loan, you must be a U.S. Citizen or permanent resident and you must meet all other Federal Student Aid eligibility requirements. These requirements are published in the U.S. Department of Education Guide to Federal Student Aid.
Annual Loan Limits
Annual loan limits are $20,500 for combined subsidized and unsubsidized loans. Your total eligibility will be determined by the CSUF Office of Financial Aid based on your direct program costs and standard allowances for room and board, transportation and personal expenses. Your loan cannot exceed your annual program costs. Please see the financial aid website for details on loan maximums.
Mihaylo College of Business & Economics Scholarship
Michael A. Reagan Graduate Scholarship - $8000 (offered Spring 2013 and beyond)
The Reagan Scholarship is available to Mihaylo newly admitted graduate business students in their first semester. This is a non-need based scholarship designated for recipients with an outstanding academic record. This one-time award of $8000 is disbursed in two ($4000) installments over two consecutive semesters. Students entering in both the fall and spring semesters may qualify for this scholarship. To obtain an application click here.
Cal State Fullerton is pleased to offer a wide variety of scholarships and awards to honor outstanding achievement. Nearly $2 million in scholarships and awards is paid annually at Cal State Fullerton. Students apply for scholarships and are nominated for awards.
In addition to scholastic achievement, financial need and other factors may be considered in the selection process. Many scholarships use the standard found through the Financial Aid website. Read and follow the “application procedure” for each scholarship or award in which you are interested. Most applications are due the last Friday in February and recipients are notified by the selection committee, usually in late May. Due to the large number of applications received, non-selected applicants are not notified.
If you have any questions regarding financial aid, please contact Jill Brower, CSUF Office of Financial Aid, at email@example.com or (657) 278-1653.