Cabrillo College Bicycle Loan Program

Qualified students can borrow up to $500 interest-free for one year to purchase a bicycle and related equipment for biking to and from school.

Who can apply?
How do I apply?
How much can I borrow?
What is the loan payback period?
What can I buy with my bike loan?
When do I shop for my bicycle?
Are discounts available?
Does 0% interest really save me money?
What will my monthly payment be?

Program Application and Baseline Travel Survey (PDF)

Who can apply?

Cabrillo College students currently registered for 9+ units and who meet the following criteria:

• are employed and working at least 10 hours per week
• and have a cumulative GPA of 2.5 or greater
  (or be in good standing at your previous academic institution).

Note: Students not currently employed must have a parent or guardian co-sign an approved loan.

Even if you don’t meet the qualifications, APPLY. We want to be able to help, so we will see what we can do.

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How do I apply?

Complete the Cabrillo College Bicycle Loan Application and mail, fax or email to Kira Ticus.

Mail: Ecology Action, Attn: Kira Ticus, 223 River Street, Santa Cruz, CA 95060
Fax: 831.423.3895
Email: kticus@ecoact.org

Program Application and Baseline Travel Survey (PDF)

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How much can I borrow?

You can borrow up to $500 through this program.

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What is the loan payback period?

Students are required to payback the loan over one year in twelve monthly payments.

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What can I buy with my bike loan?

In addition to a bicycle, bicycle-related accessories can also be financed, such as safety items (helmets, headlights, leg bands, cycling gloves, lights), locks (U-locks or Cobra Links), and commuting equipment (racks, panniers, fenders).

Note: All bicycles purchased must be equipped with front and rear brakes and a rear freewheel.

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When do I shop for my bicycle?

Once your loan is approved, you will receive a Pre-Approval Certificate good for 90 days. During that time, you'll make your final selections, present your Pre-Approval Certificate to the store where you plan to make your purchases, and ask them to print a quote for the total cost of the bicycle and accessories. Send the printed quote to Kira Ticus at Ecology Action (Mail: 223 River Street, Santa Cruz, CA 95060; Fax: 831.423.3895; Email: kticus@ecoact.org) and ask the bicycle shop to hold your bike and accessories while your loan check is being prepared.

Cabrillo College Bicycle Loan Preferred Retailers (PDF) (coming soon)

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Are discounts available?

Many of the county's best bicycle stores have agreed to offer discounts to customers buying bikes and accessories through this program.

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Does 0% interest really save me money?

Absolutely! For example, if you spent $500 on a bicycle and accessories and put it on your credit card, you pay nearly $90 in interest during the first year (assuming 18% interest rate). Plus, choosing to buy your bike from one of the Preferred Retailers saves you even more!

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What will my monthly payment be?

Since there is no interest, simply divide the amount of your loan by 12 to get the monthly payments.

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