Loan Information

Palm Trees Outside Central Classroom Building at El Paseo de Caesar Chavez


Interest Rates


Origination Fees 


Maximum Annual Loan Amount & Aggregate Loan Amounts

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

Deadline to accept Fall 2016 - Spring 2017 loans

  • December 2, 2016: for students attending Fall 2016, only.
  • April 28, 2017: for academic year loans or Spring only loans.

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:

  • Cost of attendance
  • Loan eligibility
  • Year in school, and
  • Other aid already awarded. 


Enrollment requirements

Students must be enrolled in, and successfully complete, at least half-time enrollment, during each semester of attendance

  • 6 units for Undergraduate, Credential, Post-baccalaureate;
  • 4 units for Graduate students

Disbursement of funds

The initial disbursement of funds begins the first week of each semester and continues on a weekly basis. Financial aid will be applied towards fees owed to the university (i.e., tuition, campus fees, housing, etc.). If a refund is due, the Bursar's Office will refund students either by check or direct deposit. Students are encouraged to enroll in Direct Deposit (eRefund).

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.

Federal Direct Stafford Loan Repayment and Loan Consolidation:

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