Institutional Loans Available to Cal Poly Students

Cal Poly Institutional Loans are intended to assist students who have financial need yet may not be eligible, or have limited eligibility, for federal and state financial aid programs. Cal Poly Institutional Loans are funded through private donations and, like federal and state aid, are to be used solely for educationally related expenses. Cal Poly Institutional Loans may be a viable option before applying for alternative loans. If you are interested in learning more, contact the Cal Poly Financial Aid Office.

General Terms and Conditions for Cal Poly Institutional Loans

  • Financial Need
  • Full-time enrollment and good academic standing (2.50 gpa minimum preferred)
  • Repayment begins six (6) months after graduation
  • 4% fixed interest rate
  • An Institutional Loan Program Packet must also be completed

Herbert E. Collins Loan

  • Open to all majors
  • Minimum earnings requirement (at least half of loan amount earned in past 12 months)
  • Committee approval required
  • Max: $2,500/yr, $10,000 aggregate

Lydia Humphrey Memorial Loan

  • Open to undergraduate CAED students
  • Max: $4,800

Nissen Loan

  • Open to CAFES students
  • Cosigner required
  • Committee approval required
  • Average: $3,500

Esther B. Dugan Loan

  • Open to CAFES students
  • Max: $800

Marie Van Asperen Loan

  • Open to junior, senior and graduate students in a major or program that will lead to teaching kindergarten through 12th grades
  • Max: $3000/yr, $10,000 aggregate

Robert W. and Hazel W. Lutz Loan

  • Open to all majors
  • Max: $2,000

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