Loan Programs

Federal Perkins Loan

(In order to take out a loan a student must be enrolled at least half time, [6 units or more].)

The Federal Perkins Loan is a long-term loan repayment program to help needy students meet their educational expenses. Students must meet the minimum eligibility requirements. The maximum aggregate borrowing limit in the program as an undergraduate student is $16,000.

Repayment begins nine months after the borrower graduates, withdraws or ceases to be at least a half-time student. During the repayment period (up to ten years), 5% interest is charged on the unpaid balance of the loan principal.

Federal Stafford Loan

The Federal Stafford Loan assists students from both low- and middle-income families. Students who demonstrate need for a portion or all of the annual limit will receive a subsidized loan and the federal government will pay the interest due to the lender for the period of time in which the student is eligible for an in-school deferment and for the duration of any grace period.

Students who do not demonstrate need for part or all of the annual borrowing limit may still receive an unsubsidized loan and pay their own interest during the time they are in-school.

The annual limit for a student in the first year of undergraduate study is $9,500, prorated for the program length. The annual limit for a student in the second year of study is $10,500.

Federal PLUS

The Federal PLUS loan is available to parents of dependent students wishing to borrow on behalf of their dependent in order to meet the cost of attendance.

Disbursement will be made in the form a co-payable check issued to the parent and the institution and sent to the institution. The annual borrowing limit is the difference between the cost of attendance and the estimated financial assistance.

Book Loans

De Anza College offers a short-term book loan voucher program to help students buy books and classroom supplies the week before and the first two weeks of the Fall, Winter and Spring quarters. There is no Summer quarter loan.

To be considered, the applicant must be enrolled in at least six units at De Anza, present a current DASB card, complete a book loan application and be interviewed individually in the Financial Aid Office.

Loans range up to $200. Applicants must justify their need and show intent and a mean of repaying the loan within 30 calendar days.

Delinquent book loans can be paid through the Cashier's Office within our online system or in person. Loans older than 8 quarters can be paid by credit card with a fax authorization.