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;
  • Complete the on-line Loan Entrance Counseling at
  • Complete a Master Promissory Note (only when it's your first time taking out a loan at CSUMB); and
  • Make sure you attend the the virtual Exit Counseling before you graduate.

Loan Limits

  Dependent Students Independent Students
Class Year Base Amount Offered

Additional Unsubsidized Available

Base Amount Offered Additional 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

The cohort default rate is the percentage of a school's student borrowers who enter repayment during a particular federal fiscal year, Oct. 1 to Sept. 30, and default or meet other specified conditions before the end of the next fiscal year. The default rate applies to the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program. CSU Monterey Bay's Cohort Default Rate for 2019 is 1.7%.