Loan Information

Coronavirus and Forebearance Loan information

The department of Education is reducting interest rates on the following loans to 0%.  All students are qualifying for this automatically and it takes effect starting back on March 13 and staying in this status for at least 60 days (does not include Perkins or any older FFEL type loans):

  • Direct Subsidized/Unsubsidized
  • Grad PLUS/Parent PLUS

Administrative forbearance (Loan payment delay) MUST be requested by the student. This delays loan payments for 2 months currently. The student must contact their loan servicer. Students can find the loan servicer at


Undergraduate Student Loans 

Subsidized and Unsubsidized Federal Direct Stafford Loans

Steps to accept/decline subsidized and unsubsidized loans

Parent and Graduate/Professional student loan 

Unsubsidized Federal Direct Stafford Loan

Steps to accept/decline unsubsidized loans

Federal Direct PLUS Loan

California Dream Loan

Short-Term Loan (Available through the Bursar's Office)

Alternative Loans (Private Lender Loans)

Deadlines to accept Fall 2019/Spring 2020 loans:

December 2, 2019 - for students attending Fall 2019, only 

April 24, 2020 - for academic year loan, or Spring 2020 only

Interest rates

Enrollment requirements

Origination fees 

Maximum annual loan and aggregate amounts

Video on how to complete the Master Promissory Note (MPN) 

Additional information:

  • Loans are funds that must be repaid.
  • Students should only borrow the amount that is absolutely necessary.
  • It is a good idea to project what your total borrowing needs will be throughout your college career, and to be aware of what the necessary payments will be upon earning a degree.
  • Loans are available for fall and spring semesters. Summer loans are evaluated on a case-by-case basis. Visit Summer Financial Aid for more information.

The amount of the loan is determined by:

  1. Cost of attendance
  2. Loan eligibility
  3. Year in school, and
  4. Other aid already awarded. 

Responsibility as a borrower

Students must maintain updated information with the U.S. Department of Education Direct Loan Servicing Center. Report the following changes, if any:

  1. Name, address or phone number
  2. Transferring to another school
  3. Leave of absence, withdrawal from school, or dropping below halftime enrollment
  4. New graduation date

Entrance Loan Counseling:

Entrance Loan Counseling is an on-line session which addresses interest rates, deferments, and how to avoid default. Students who are first time Direct Stafford loan borrowers with SJSU must complete Entrance Loan Counseling prior to receiving their first loan disbursement; there are no exceptions to this federal requirement.

The Master Promissory Note (MPN):

The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the Department of Education. The MPN must also be completed for first time Direct Loan borrowers. 

Perkins Loan Counseling:

Students awarded the Perkins Loan must eSign a promissory note and/or borrower information sheet before loans can be disbursed. For additional information on the Perkins Loan, please contact the Bursar's Office at or at 408-924-1601.

Exit Loan Counseling:

As a recipient of funds from the Federal Direct Stafford Loan Program, students are required to complete an exit loan counseling session within sixty (60) days of your last date of attendance at SJSU.

Direct Stafford Loan Repayment and Loan Consolidation:

View repayment plans that are right for your financial situation. Federal student loans may be consolidated.