Types of Loans

Loans are money you borrow that must be repaid with interest. Cal Lutheran participates in several federal low-interest loan programs for students and their families. Federal loans are need-based, as determined by your FAFSA.

The amount available for borrowing is typically determined by comparing Cost of Attendance (which is calculated by Cal Lutheran) against other forms of assistance (scholarships, grants and work study). The amount of the estimated Cost of Attendance which is not covered by financial aid, may be available for borrowing through federal loans.

Any portion of the Cost of Attendance not covered by scholarships, grants, work study and federal loans, may then be covered by Alternative/Private Loans.

Find out what loans are available for you:
Borrowing at Cal Lutheran

In the undergraduate class of 2014, 74% of students borrowed to help fund their education. They averaged $24,148 in federal student loans for their education, which is just 16% of the total cost of four years’ tuition and fees.

Upwards of 95% of our graduates are enrolled in graduate programs or employed within 9 months of graduation. Their default rate on loans within the first two years of repayment is only 3.8% and less than a national rate of 13.7%.

the total cost of 4 years tuition & fees in federal loans