| Eligibility Requirements:
Prior to
being considered for a federal student loan, students must complete the
Free Application for Federal Student Aid (FAFSA), which is available at
www.fafsa.ed.gov.
You may also pick up the FAFSA in the Financial Aid Office.
The FAFSA must be completed for each academic
year that a student would like to be considered for financial assistance. A
student's loan eligibility is determined by information provided on the FAFSA, the number of units enrolled, the length of enrollment and
academic performance.
Students must maintain at least six (6) units
at Shasta College to be considered for a student loan. Students must
have an award letter prior to loan application processing.
Loan Process:
Shasta College participates in an automated
loan application process. This means that data are transferred
electronically between us, your lender and guarantor to expedite
processing of your loan application.
| Step 1: |
All borrowers (you the
student) must attend entrance counseling every year you receive a
student loan. |
| |
|
| Step 2: |
Student borrower completes the
Stafford Loan Request/Loan Agreement Form and turns it in at the
Entrance Session |
| |
|
| Step 3: |
Shasta College sends loan
information electronically to Ed Fund for guarantee. |
| |
|
| Step 4: |
Ed Fund mails the Promissory
Note to the borrower. |
| |
|
| Step 5: |
Loan funds are sent
electronically to Shasta College |
| |
|
| Step 6: |
Shasta College mails the loan
check to the borrower after all applicable fees are deducted and
enrollment status is verified. |
| |
|
If you have any questions about the application
process, please contact the Financial Aid Office at (530) 242-7700 or
send us an email at
finaidinfo@shastacollege.edu |
