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Financial Aid - Summer 2014

Types of Aid Available:

The Federal Pell Grant, State University Grant (SUG), and Direct Loan programs are available to assist matriculated, degree seeking CSULA students, enrolling in state-support and/or self-support classes that count towards their CSU undergraduate, graduate, and approved post baccalaureate programs.

How to Request Summer Financial Aid:

Summer financial aid request may be submitted online beginning, Friday, April 18, 2014.  Students must have a complete financial aid file to be considered for summer funding.  Students should check their “TO DO” list on GET to determine if they are required to submit any documents.  Summer funding requests WILL NOT be processed for students with outstanding documents.

2014-2015 Document Submittals:

General Eligibility:

Pell Grant Program:

The Pell Grant is awarded to undergraduate students seeking a Bachelor's degree or officially admitted into a post-baccalaureate teaching credential program. Award amounts vary on the student's level of need and enrollment status. Awards will be prorated for students enrolled less than full-time.  Credential students must be enrolled at least half time (6 units) in required credential courses each quarter. Students who are "conditionally" admitted to the Credential program are NOT eligible for a Pell award.

State University Grant (SUG):

The State University Grant (SUG) is designated to cover the State University Fee (SUF) portion of a student's tuition fee.   Students must be enrolled in at least 6 units in state-supported summer classes.  The SUG program is only available to California residents pursuing their first undergraduate, credential, graduate and post-baccalaureate degrees. State University Grants will be awarded based on the availability of funds and student eligibility.   A complete State University Grant (SUG) funding policy can be found at http://www.calstatela.edu/univ/finaid/grants.php

Direct Loan Programs:

Subsidized Direct Loan: A subsidized loan is based on demonstrated financial need. The U.S. government pays (or subsidizes) the interest on this loan while the borrowers are enrolled at least half-time (6 Units).

Unsubsidized Direct Loan: An unsubsidized loan is based on a student’s cost of attendance, regardless of need. Borrowers are charged interest on the amount disbursed from the date of disbursement. The borrowers may either make – or defer – interest payments while they are in school and during the six-month grace period. All accumulated interest will be capitalized for borrowers choosing to defer interest payments. All future interest charges are based on the new, higher principal amount. Students must be enrolled at least half-time (6 Units).

Loan Fees and Interest Rates: Current loan fees and interest rates for all loan programs administered through the U.S. Department of Education can be found online at http://www.calstatela.edu/univ/finaid/loantype.php.

Please note loan fees and interest rates for loans processed and disbursed on or after July 1, 2014 have not been set by the U.S. Department at the time of this publication.  Interest rates on federal student loans are set by Congress and are typically published on July 1st of each fiscal year. For more information, visit http://www.direct.ed.gov.

5151 State University Drive . Los Angeles . CA 90032 . (323) 343-3000
2008 Trustees of the California State University

Last Update: 04/8/2014