*** NEW*** Student Loan Cancellation Just Announced
If you have not already heard, the Biden-Harris administration has released a student debt relief plan. This applies to all federal student loans disburse on or before June 30, 2022. Please click the following link for more information and a Q&A to help with questions you may have.
*** Updates on Middle Class Scholarship (MCS) awarding***
All CSU campuses are experiencing a longer than expected delay in awarding 2022-2023 MCS. The CSU Chancellor's Office is diligently working with the California Student Aid Commission to resolve the matter. We will add the MCS awards as soon and possible and will provide an updates as we receive them. Thank you for your patience.
Welcome and Thank You for Visiting Our Website
The Office of Financial Aid and Scholarships at CSUSB provides students and their families with information about financial aid resources and facilitates funding in an accurate and timely manner to assist students in pursuing their educational goals.
Whether receiving our services and support via telephone or in-person, our mission is to ensure your financial aid experience supports you in completing your college degree or teacher certification within a reasonable time frame and with minimal loan indebtedness. While federal regulations do require that you and (if dependent) your parents contribute towards your college expenses, as professionals, we focus on your financial needs not covered by your expected family contribution(s) and also based on your meeting aid program eligibility requirements. We strive to maximize your financial aid awards with grants, scholarships, low-interest student loans with easy repayment terms, and other types of resources.
By working together and supporting the quality education you receive at CSUSB, you can stay on track towards completing your undergraduate degree within four years. Please take the time to review our website information designed to ease your transition into college. Feel free to seek our help if you have financial aid questions. We are here for you throughout the year!
Did You Know?
How It Works
Financial aid programs provide support for students to help meet the costs of obtaining a college education. Funding for such programs is provided by the federal and state governments, the individual colleges and universities, and a variety of other public and private sources.
Familiarize yourself with the types of aid available, how much aid you'll need, and whether you're eligible.
With the exception of some scholarships, everyone must use the Free Application for Federal Student Aid (FAFSA®) to apply for aid. When you're ready to apply, fill out the online FAFSA®.
The Department of Education will inform you and CSUSB about your Expected Family Contribution (EFC). Then, CSUSB will tell you how much and what types of aid you qualify for. Check your CSUSB email often - this is the mode by which we communicate with you.
If your aid is in the form of loans, become familiar with the repayment process. Loans are legal obligations, so before you take out a student loan, think about the amount you'll have to repay over the years.
Financial aid is split up into two categories based on the reason the money is awarded:
- Achievement-based aid is awarded to students who have a special characteristic, skill, talent, or ability. Typically achievement-based aid is in the form of scholarships.
- Need-based aid is provided to students who demonstrate financial need. Most financial aid, particularly public-funded aid, is awarded on the basis of financial need determined through the application process and in accordance with a prescribed federal formula.
4 Basic Types of Financial Aid Programs Available
- GRANTS: Federal or state gift assistance with no obligation for work or repayment
- LOANS: Providing funds now, but with a future repayment obligation
- SCHOLARSHIPS: Gift assistance with no obligation for work or repayment
- WORK-STUDY: Part-time work while attending the institution
Most often, financial aid will come to you in the form of a package consisting of a combination of the different types of aid available. The combination of aid offered depends on the availability of funds, your eligibility, the timeliness with which the application process is completed, and your year in school.