Frequently Asked Questions
When can I apply for the program?
The application form is available online in mid October. Applications are submitted to the CSU campus through which you apply. Application deadlines are established by the campus. Applications are forwarded to the Chancellor's Office in March. Selections are announced in May.
I am not a CSU student or employee. Can I apply to the program?
Yes, the program is open to doctoral students across the country. However, each applicant to the program must have a full-time tenure track CSU faculty advisor. Preferably, the advisor is in the same academic discipline as the doctoral student.
Am I eligible for the program if I hold a tenured faculty position?
The program is designed as a recruitment tool for tenure track faculty positions. Participation by tenured CSU faculty would not be appropriate given the goal of the program.
How much can I borrow through the program?
Participants may borrow a maximum of $10,000 each year with a total maximum of $30,000 over a five-year period.
Can I receive loan forgiveness for a non-teaching position within the CSU?
Loan forgiveness is only available to individuals who obtain instructional faculty appointments within the CSU.
If I teach at a CSU campus, what qualifies me for forgiveness?
You will be eligible for forgiveness only after you have earned your degree. You must teach full time during an academic year to earn 20% forgiveness. You must teach at least half time during an academic year to earn 10% forgiveness. Teaching in summer or other special sessions can be used to supplement units earned in the regular academic year.
What are the tax consequences of having a loan cancelled?
The program is not authorized to provide any advice on taxation. When you have obtained a doctoral degree and qualify for loan cancellation for teaching in the CSU, the CSU is required to report the cancelled loan principal and foregone interest as income and to withhold Federal taxes on such income.
If I cannot find a job in the CSU, what are terms for repayment of the loan?
Repayment of the loan will be pursuant upon the terms stated in the promissory note, which you must sign prior to receiving funds. Repayment of the principal and 5% interest will be in equal monthly installments over a period of 15 years from the beginning of the repayment period.
How have previous years' participants fared?
As of January 2012, over 1,920 program participants have received their Ph.D. of which 57% have or have had an instructional position at a CSU campus.