Student Loan Application Instructions


Student Loan Application Instructions

2014-2015 LOAN APPLICATION INSTRUCTIONS

STEP ONE: Visit the Office of Financial Assistance to get pre-screened for a Loan Counseling Workshop OR call (510) 215-6026. Once pre-screened and determined potentially eligible for a Direct Student Loan, you will be signed up for a Loan Counseling Workshop (for dates/times please click on “Loan Counseling Workshops” on left hand menu bar).  If you attended a Loan Counseling Workshop before you may not be required to attend another workshop. A financial aid staff will be able to determine if you need to attend a workshop.

STEP TWO: Attend the MANDATORY  Loan Counseling Workshop.

(Click on “Loan Counseling Workshops” on left hand menu bar for workshop dates)

(ATTENDANCE POLICY: YOU MUST BRING PHOTO IDENTIFICATION TO THE WORKSHOP AND BE ON TIME –CANNOT BE MORE THAN 10 MINUTES LATE -OR YOU WILL BE RE-SCHEDULED FOR THE NEXT AVAILABLE LOAN WORKSHOP DATE)

STEP THREE: Complete the DIRECT LOAN ONLINE ENTRANCE COUNSELING and the ELECTRONIC MASTER PROMISSORY NOTE at www.studentloans.gov

**Attention Continuing Students**

A new Master Promissory Note & Online Entrance Counseling is required each academic year. NO EXCEPTIONS

 STEP FOUR: Complete ONE USA FUNDS WEB-BASED DEBT MANAGEMENT LESSON at www.lifeskills.org

(Note: You will need the following information: School Code 00119000 & Student Access Code 00119000-01. If you previously had a log-in account with USA Funds, you are required to request a new account. This web-site is a new USA Funds platform and all pre-existing log-in accounts have been disabled.)

(For further instructions on how to complete this lesson please Click Here)

STEP FIVE: Submit the completed 2014-2015 Direct Loan Request Form AND a current Educational Plan.  The request  form will be handed out at the Loan Counseling Workshop or the Loan Pre-screening for student not required to attend the Loan Entrance Counseling Workshop.  Please submit the form to the Office of Financial Assistance by the published loan documentation deadline for the check mail date requested. (PLEASE SEE 2014-2015 LOAN PAYMENT CALENDAR BELOW).

**Once your Direct Loan has been awarded, you will receive an award notification email**

***Please be advised that due to the increased volume in applicants there may be a delay in processing and in the delivery of funds by the dates advertised. ***

Direct Loan Program

This web site provides more information about the Direct Loan Program-Direct Loan Web Site: www.direct.ed.gov

Borrower Services at the Direct Loan Servicing Center:

1-800-848-0979

(TTY 1-800-848-0983)

Direct Loan Servicing Online: www.dl.ed.gov

Visit the web site or call to get your loan account information, obtain a deferment or forbearance application, learn about different payment options, set up automatic payments, and much more

For information on Direct Consolidation Loans -Direct Loan Consolidation Center:

1-800-557-7392

(TTY 1-800-557-7395)

Direct Loan Consolidation Web Site: www.loanconsolidation.ed.gov

Visit the web site or call to get more information about Direct consolidation Loans and for an online application

Federal Family Education Loan Program (FFELP-Stafford Loan)

If you have previously taken out a FFELP Stafford Loan from our institution and would like to find information about your loan account, repayment options and much more, please use the same contact information listed above under the Direct Loan Program. All FFELP Stafford loans have been converted to Direct Loans and sold to the Department of Education.

Direct Loan Exit Counseling

If you have taken out a Direct Loan and plan to graduate May of the current academic year or have already graduated from Contra Costa College, you are required to complete the Online Direct Loan Exit Counseling. During your exit counseling, you will be provided with information on the different repayment plans, deferment and forbearance options and much more!

Please see the Office of Financial Assistance for more information.