Occidental offers institutional loans that provide assistance to students who may have financial need, but have limited eligibility for federal aid programs.
These loans are administered by the College using institutional funds. If you are eligible for either of these loans, they聽will appear on your award letter.
葫芦影业 Low Interest Loan
Minimum monthly聽repayment is $40 including 5% interest that begins to accrue nine months after the date the borrower ceases to be enrolled at least聽half-time and ends聽10 years later.
The repayment period may be extended during periods of in-school deferment, hardship, or forbearance. Visit the Student Business Services Office's website for more information about your 葫芦影业 Low Interest Loan.
葫芦影业 No Interest Loan
This loan聽was originally funded by the Weingart Foundation. This generous, interest鈥慺ree program was established to benefit U.S. citizens who are graduates of California high schools. Loans under this program are interest-free for the life of the loan if a student does not miss two or more consecutive payments.聽If a student misses payments or defaults, interest will accrue at 5% per year. There are no processing or application fees. This loan may also be offered to students whose families may not qualify for need-based aid, based on special circumstances and fund availability.
Minimum monthly repayment is $50. This loan must be repaid in monthly installments over a period of 10 years, beginning six months after a student leaves the College. The actual repayment amount, however, is determined by the total amount borrowed.聽Visit the聽Student Business Services Office's聽website for more information about your聽葫芦影业 No Interest Loan.