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Financial Support

Frequently asked questions:

*Last updated 5/5/2020

  • Is there any financial help I can receive from the university or others?

     

    CARES Act Student Relief Fund

    Students enrolled in the Spring 2020 Term can request for additional financial assistance. Any current CSUSM student are eligible for consideration, including DACA and undocumented students. Submit your application through your MyCSUSM account in the message center.

     

    CSUSM ASI Student Emergency Fund

     

    Offering help to current CSUSM students who encounter unexpected financial emergencies. You may submit requests if you have issues covering

    ○      Basic needs, such as food, toiletries, and medications

    ○      Emergency medical expenses

    ○      Essential utilities, such as water, gas, and internet

    ○      Housing cost due to loss of job or reduced hours

  • What refunds are available through the university?

    CSUSM will refund parking permits for the spring semester and housing on a prorated basis. Tuition will not be refunded.

  • Are there any financial relief options for small businesses?

    If you are an employee of a small business or a small business owner, owners have a few options for financial relief. There are a few loan programs that the SBA offers.

    Paycheck Protection Program (PPP)

     

    Loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the loan is used for payroll, rent, mortgage interest, or utilities.

     

    Economic Injury Disaster Loan Emergency Advance (EIDL)

     

    Note: SBA is currently unable to accept new applications for the EIDL.

     

    Loan advance to small business owners who are experiencing a temporary loss of revenue. The advance is up to $10,000 and will not have to be repaid.

     

    SBA Express Bridge Loan

     

    For small businesses who currently have a business relationship with an SBA Express Lender, the business can access up to $25,000. A small business can qualify for the SBA Express Bridge Loan if they are waiting for decision and disbursement on an EIDL.

     

    SBA Debt Relief

    The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a six-month period.

     

    The SBA will also automatically pay the principal, interest, and fees of New 7(a), 504, and microloans issued prior to Sept. 27, 2020.

     

  • What resources are available if I am an undocumented immigrant or have family members who are undocumented immigrants?

    As of April 15th, California Governor Gavin Newsom announced a $75 million statewide Disaster Relief Fund. This fund will provide a one-time benefit of $500 per adult or up to $1000 per household to approximately 150,000 undocumented California adults. These funds will become available in the upcoming month and will be distributed through the California Department of Social Services to local community-based nonprofits who will deliver benefits directly to eligible individuals.

    For additional information and updates on the California Relief Fund

    In addition to the financial benefits provided by the California Relief Fund, there are several general assistance programs and resources specifically available for California’s immigrant families.

    For a list of these resources, please follow this link to view the COVID-19 Guide for Immigrant Californians


Financial Support References:

Resource categories:

*The College of Business Administration ("CoBA") is providing links to these resources as a public service to students. Reference to any specific resource or entity does not constitute an endorsement or recommendation by CoBA. CoBA assumes no responsibility or liability for any errors or omissions; the information contained is provided on an "as is" basis with no guarantees of completeness, accuracy, usefulness or timeliness.