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.

How do I apply?

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

Program Application and Baseline Travel Survey (PDF)

Mail:      Ecology Action, Attn: Kira Ticus

             877 Cedar Street, Suite 240

             Santa Cruz, CA 95060

Fax:      831.425.1404

Email:   kticus@ecoact.org

How much can I borrow?

You can borrow up to $500 through this program.

What is the loan payback period?

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

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.

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: 877 Cedar Street, Suite 240, Santa Cruz, CA 95060; Fax: 831.425.1404; 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)

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.

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!

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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