Financial Aid

Student Loans

Students who complete a FAFSA will generally be offered Federal Student Loans as part of your financial aid award. These are loans made available by the Federal Government for you to pay for education costs. Federal loans awarded are subsidized or unsubsidized 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. This type of loan is available to Undergraduate and Teaching Credential students.

Unsubsidized loans

Are not awarded based on financial need and are charged interest as soon as they are disbursed. This type of loan is available to Undergraduate, Teaching Credential, and Masters students.


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 for undergraduate/teaching credential and 4 units for masters students);
  • Accept your loan offer on your OASIS student account;
  • Register and attend an in-person entrance counseling;
  • Complete the entrance counseling quiz on.
  • 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.

Loan Limits

 Dependent StudentsIndependent Students
Class YearBase Amount Offered

Additional Unsubsidized Available

Base Amount OfferedAdditional Unsubsidized Available
Freshman $3,500 $2,000 $3,500 $6,000
Sophomore $4,500 $2,000 $4,500 $6,000
Junior $5,500 $2,000 $5,500 $7,000
Senior $5,500 $2,000 $5,500 $7,000

CSUMB is required by regulations to develop, publish, administer, and enforce a code of conduct with respect to its administration of Title IV loan programs. This code of conduct applies to the officers and employees.

CSU Student Lending Code of Conduct

Cohort Default Rate

A cohort default rate is the percentage of a school's student borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), Oct. 1 to Sept. 30, and default or meet other specified conditions prior to the end of the next fiscal year. CSU Monterey Bay Cohort Default Rate for the 2016 is 5.6.