Student Financial Services Notice Regarding COVID-19

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News & Announcements

CalFresh Sign Up Workshop 6/29 at 12 p.m.

Depending on your household size and income, and which county you reside in, you may be eligible to receive up to $194 per month through the CalFresh program. This program issues monthly electronic benefits that can be used to buy most foods at many markets and food stores. Applying for the program is easy and takes only about 10 minutes at MyBenefitsCalWin.

We want to extend you an invitation to a Pre-CalFresh Application Workshop, Tuesday, June 29, between 12 p.m. and 1 p.m. Register for this event, which will be hosted on Zoom.

Staff from both the Student Financial Services office and the Student Success Center will be available to provide information on the CalFresh program as well as on-the-spot assistance with the online application.  

If you are unable to make it to the Pre-Calfresh Workshop, the Student Financial Servcies office will be having drop-in advising for CalFresh applications every Tuesday and Thursday from 9 a.m. to 11 a.m. through the Student Financial Services Virtual Front Desk.

Register

Federal Student Loan Interest Rates and Origination Fees 2021-2022

Federal student loan interest rates are expected to increase in the 21-22 academic year. The interest rate for federal loans first disbursed on or after July 1, 2021 are expected to increase from 4.30% to 5.28% for graduate/professional Direct Unsubsidized Loans, and from 5.30% to 6.28% for Parent and Grad PLUS loans. However, student loan origination fees are not expected to increase. All federal loans whose first disbursement is made on or after Oct. 1, 2020, and before Oct. 1, 2022, the loan fees will remain at 1.057% for Direct Subsidized Loans and for Direct Unsubsidized Loans and 4.228% for Direct PLUS Loans

UPDATE COVID-19 Interest Rate and Payments Paused for Federal Direct Loans until September 30, 2021

President Biden has directed the acting Secretary of Education to extend the pause on student federal loan payments and to keep interest at 0% through September 30th 2021. For borrowers in repayment, payments are not required during this period. Suspended payments will continue to count toward forgiveness programs. For updates please view the Department of Education’s Press Release and StudentAid.Gov

University Loans including Dream Loans have continued 0% interest and administrative forbearance through September 30th 2021.

Perkins Loans 0% interest and administrative forbearance ended January 31st 2021. Perkins Loans have gone into repayment if you do not qualify for in school deferment. Set up repayment with ECSI

HRSA Loans (HPSL, LDS, NSL, PCL) 0 have extended 0% interest administrative forbearance status through September 30th. Monthly payments remain the same, but you can contact the Servicer to suspend payments. For more details view the HRSA FAQ

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