2024-25 Financial Aid Application Update

While the FAFSA and CADAA are traditionally available on October 1st each year, the 2024-25 applications will not be available until December 31, 2023. Learn more about FAFSA Simplification.

Better FAFSA Better CADAA

CSU Tuition Increase

The California State University Board of Trustees approved a multi-year tuition proposal that will increase tuition and help to bring stability to the budgets of universities across the CSU system, including CSU Channel Islands. Visit the CSU Tuition Increase webpage for more information and resources. 

Interest Rates for Direct Loans

Congress sets interest rates on Direct Loans from the U.S. Department of Education through legislation that ties the rate to financial markets. The chart below displays the interest rates for Direct Subsidized, Direct Unsubsidized, and Direct PLUS Loans first disbursed on or after July 1, 2023 and on or before June 30, 2024.
LoanInterest Rate
Direct Subsidized Loan (Undergraduates)5.50%
Direct Unsubsidized Loan (Undergraduates)5.50%
Direct Unsubsidized Loan (Graduate/Professional Students)7.05%
Direct PLUS Loans (Parents and/or Graduate or Professional Students)8.05%

What is CSU Channel Islands Cohort Default Rate

CSU Channel Islands FY 2019 3-Year Cohort Default Rate is 1.5%. CSUCI's 3-Year Cohort Default Rate is below the National Average Rate of 2.3% for FY 2019. 

Rules for State University Grant Eligibility

The CSU has endorsed changes to the rules for awarding State University Grants. To be eligible to receive a State University Grant beginning in Fall 2013, students must meet the following criteria:

  • Be enrolled at least half-time;
  • Undergraduate students cannot have accumulated more than 150 semester units;
  • Undergraduate transfer students cannot have accumulated more than 75 semester units at the CSU;
  • Credential students cannot accumulate more than 30 units.
  • Masters students cannot accumulate more than 125% of the required units.
  • Students pursuing a second Bachelor’s, second Credential or second Master’s degree are not SUG eligible regardless of where they received their previous degree(s).
  • Due to limited funding, CSU Channel Islands reserves the right to primarily award available SUG funds to first-time Undergraduate students and does not award SUG funds to Credential or Graduate students.

    Please note: Advanced Placement, international Baccalaureate, Military credit and Pre-baccalaureate credit and credit by examination will not count against the new SUG limits.

IMPORTANT!

Our primary form of communication is via email. Students must check their CI email for important notices and updates.

Back to Top ↑
©