Institutional Loans
Cal Poly Institutional Loans are very limited and may assist students who have financial need. Institutional loans are awarded on a case-by-case by a Financial Aid Counselor. Discuss your circumstances with a Financial Aid Counselor who will determine if an institutional loan is an appropriate option.
Interest rates are fixed at 4% and repayment begins six months after graduation or dropping below a half-time enrollment status. Loans are normally repaid within five years.
Eligibility
To be eligible for a Cal Poly Institutional Loan, you must:
- Have financial need, as determined by the FAFSA or California Dream Act application.
- Be enrolled full-time.
- Be in good academic standing (2.50 GPA minimum preferred).
- Complete an Institutional Loan Application Packet.
Institutional Loans Available
Herbert E. Collins Loan
- Open to all majors.
- Must be a CA resident.
- Minimum earnings requirement (at least half of loan amount earned in past 12 months).
- Committee approval required.
- Max: equal to amount of subsidized loan/year; $22,000 lifetime maximum.
Lydia Humphrey Memorial Loan
- Open to undergraduate CAED students
- Max: $4,800
Nissen Loan
- Open to CAFES students
- Committee approval required
- Average: $3,500
Esther B. Dugan Loan
- Open to CAFES students
- Max: $800
Robert W. and Hazel W. Lutz Loan
- Open to all majors
- Max: $2,000