The California State University (CSU) Chancellor’s Doctoral Incentive Program (CDIP) aims to increase the number of promising doctoral students applying for future CSU instructional faculty positions by offering financial assistance in the form of a loan and mentorship by CSU faculty. Participants in this program may borrow up to $10,000 per year up to a total of $30,000 within a five-year period while they are enrolled full-time in a doctoral program at an approved, accredited institution. The interest rate for funds borrowed is 5 percent per annum Loans are repayable over a 15-year period commencing one year after completion of, or withdrawal from, full-time doctoral study If a participant applies for and is hired to a full-time instructional faculty position at the CSU after completion of his or her doctorate, the loan will be cancelled at a rate of 20 percent of the original loan amount, plus interest, for each year of full-time teaching in the CSU. Amounts cancelled (or “forgiven”), including foregone interest, are reported as income accrued, and federal income and Social Security taxes are withheld on that amount The Chancellor’s Doctoral Incentive Program does not restrict participants from receiving other financial aid or earning income Established in 1987, the Chancellor’s Doctoral Incentive Program has supported over 1,300 students in earning a doctoral degree. CDIP is committed to supporting promising doctoral students who aspire to join the CSU faculty ranks and teach the diverse students of the CSU. The deadline to apply is February 1, 2019. More information about the loan program can be found at Loan Program Details. See the CSU website to apply.