Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which maddie in spanish are government loans for parents who are helping their children pay for college. Federal financial aid can come in the form of grants, federal work-study jobs, and/or student loans. We recommend that you watch this video to better understand the different types of federal student aid.
That way they should be able to afford to repay their loans in 10 years or less. Loans to students – Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents. 69.0% of new students were offered scholarships at California State University – Bakersfield, averaging $5,697 per person. This ranks in the top 40th percentile of all schools in the country.
With an experienced staff of 14 financial aid professionals, the office administers more than $86 million dollars of aid through a variety of programs. Between 83% and 85% of CSUB students receive some form of financial aid. Most would not be able to attend the university without the aid and a very high percentage (75%) are first generation college students.
The Graduate School requires a regionally accredited bachelor’s degree and minimum 2.5 GPA. Many master’s programs also seek at least 148 GRE or 500 GMAT composite scores. Most families will aim to save less than 100% of their total projected college costs. Your child may receive grants or scholarships towards college, and you may use loans or current income to pay a portion of the costs.
In 2000, the California State University-Bakersfield Extended University Division was launched. In 2003, CSUB received the Hispanic-Serving Institution status. One decade later, Bakersfield joined the Western Athletic Conference for NCAA Division I athletics. In 2014, CSUB unveiled the Dr. Jacquelyn Kegley Center for Student Success. By 2015, California State University-Bakersfield had its first Gold LEED-certified building. In 2018, CSUB invested $27 million to triple the Student Union in size.