California Baptist University Code: 00112500

Federal Loans

Federal Stafford loans are offered to graduate students at a low fixed interest rate. Students must be enrolled at least half time to be eligible. Repayment begins six months after the student leaves school or drops below half-time status. Students must complete Entrance Counseling and a Master Promissory Note before they can receive their first disbursement (See section below).

  The Federal Direct Loan Program offers the following types of loans to graduate students: 
    • Unsubsidized: not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods. Student needs to have a FAFSA on file.
    • Grad PLUS: Loans for graduate students. Grad PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods. To apply for the Graduate PLUS loan, log into to complete the application process. The student also needs to complete a PLUS Loan Master Promissory Note on the same website. (More info below.)
Click Here for more information about Federal Loans 
Interest Rates:
23/24 Award Year - Unsubsidized Loans for Graduate and Professional Students - 7.05% Fixed
(Valid July 1, 2023 to June 30, 2024)
23/24 Award Year - Grad PLUS Loans for Graduate and Professional Students - 8.05% Fixed
(Valid July 1, 2023 to June 30, 2024)
Loan Fees 

A loan fee (or origination fee) is an expense of borrowing a Federal Loan (sub/unsub/PLUS). It is the percentage of the amount of each loan the borrower receives and is subtracted proportionately from each disbursement. Federal Loan originated/disbursed on 10/1/2023 to 9/30/2024, the following loan fees will be applied:


Current Unsubsidized Loan Fee – 1.057% (Valid - 10/01/2023 to 09/30/2024)

Current Grad PLUS Loan Fee – 4.228% (Valid - 10/01/2023 to 09/30/2024)


Example: $20,500 Unsubsidized loan for the 2023/2024 school year:

FA23 Disbursement -   $6,834 less 1.057%         = $6,762

SP24 Disbursement -   $6,833 less 1.057%         = $6,761

SU24 Disbursement -   $6,833 less 1.057%         = $6,761

Total Received -                                               = $20,284


Loan Limits                                                               

Graduate Total = $138,500

This includes undergraduate federal loans.

Entrance Counseling & Master Promissory Note
Both are required for first time loan borrowers and also required for first time GRAD PLUS Loan borrowers.
Entrance Counseling - an interactive session that shows your rights and responsibilities as a loan borrower.
Click Here to complete and for more information
Master Promissory Note - a legal agreement between the borrow and lender to repay the loans.
Click Here to complete and for more information
Exit Counseling
Exit counseling is required when you graduate, leave school, or drop below half-time enrollment. Exit counseling provides important information you need to prepare to repay your federal student loan(s).
Click Here to complete

The GRAD PLUS loan is available to graduate students who need additional loans outside their Unsubsidized loans (FAFSA required). It can be used to help pay for any remaining educational expenses.  
To be eligible for the GRAD PLUS loan, the borrower:
    • Does not have adverse credit history, or
    • Has an adverse credit history but has obtained an endorser who does not have and adverse credit history and completes PLUS Loan Counseling offered by the Dept. of ED, or
    • Has an adverse credit history but documents to the satisfaction of the Dept. of ED that extenuation circumstances exist and completes PLUS Loan Counseling offered by the Dept. of ED.

Click Here to complete the PLUS Loan Application

Click Here to complete the PLUS Loan Master Promissory Note

Click Here to complete PLUS Credit Counseling.

Click Here for more information.

**23/24 PLUS Loans are available**

**24/25 PLUS Loans are coming soon**


Private/Alternative Loans 

Private Educational Loans are available to students who do not qualify for Federal Loans but need additional aid. These loans are not need based; rather, they are based on creditworthiness. Most students will need a creditworthy co-signer such as a parent or other relative to obtain a private education loan. Terms and conditions applicable to these loans vary greatly. Factors such as interest rate, APR, length or repayment, loan minimum and maximum, and fees should be carefully considered when researching and choosing a private educational loan. 

Click on the link to view a list of lenders.  ELM Select              

**23/24 Private Loans are available**

**24/25 Private Loans are NOW Available**



If you are looking to refinance your federal and/or private loans, explore the student loan refinancing option with Credible (Refi) 


Loan FAQs
Do I have to pay the interest on an unsubsidized Stafford loan while I am in school?
No, you do not have to pay any interest while you are in school. However, you may choose to make payments in an effort to keep the interest down. When you leave school, the accrued interest on the unsubsidized loans will be capitalized (added to the principal). You will then pay interest on the interest that has been capitalized. 
Why don't I see my loans posted to my account on my expected disbursement date?
The Department of Education authorizes loan delivery approximately two business days after the expected loan disbursement. If you are a first time borrower, please insure you have completed a MPN and Entrance Counseling with Loans are certified once all documents have been received and reviewed. 
How soon can I expect a refund?
If your loans create a credit balance, contact Student Accounts to see when they send out refund checks.