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Caltech Loans

How To Apply

Students are automatically considered for a Caltech Loan as a part of their need-based financial aid application.  If you are awarded a Caltech Loan, you will have the opportunity to decline it prior to disbursement.


Caltech Loans are designed to mimic the specifications of the Federal Perkins Loan program.  They are generally awarded to students who are not eligible for Federal Student Aid (including most international students) and who have demonstrated financial need

Interest Rate



Interest does not accrue on a Caltech Loan while a borrower is enrolled in school at least half-time, during a grace period or during an authorized deferment.  

The borrower will be responsible for paying interest that accrues while the loan is in repayment or on forbearance. 


Caltech Loans have a grace period of nine months, starting when a student stops attending school at least half-time.  During this grace period, interest does not accrue and no payments are required.  Once the grace period is over, the loan will need to be repaid.  Caltech Loans are repayable over a period of up to ten years.

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