• Federal Work Study
• Student Loans
  

• Loans: Student Rights & Responsibilities
• Defaulted Student Loans
• State & Federal Grants
  

• Summer Financial Aid
• Veterans Program
• Other/Special Programs

In order to qualify for a student loan, all of the following requirements apply:

1. Complete a FAFSA.
2. Submit all required documents to complete a financial aid file with Delta College. .
3. Be awarded financial aid or have their file evaluated by a Specialist.
4. The student must be in good academic standing according to the Financial Aid Satisfactory Academic Progress Policy.
5. Cannot be in default on any other federal student loans.
6. New borrowers must complete Entrance Loan Counseling.
7. New borrowers must complete a Master Promissory Note. 

Note: Continuing students who have previously received a Federal Stafford Loan at Delta College AND have attended a Delta College Loan Entrance Counseling session since January 2000, do not need to complete another Entrance Session.  For more information or to pick up an application, stop by the Financial Aid/Veterans office located in DeRicco Student Services Building FINANCIAL AID WINDOWS (Main Entrance Foyer). No one else may pick up an application for you, you must pick up the application in person and present your photo ID at the financial aid window in the DeRicco Student Services Building (Main Entrance Foyer)

• Fall 10 Continuing Borrowers - July 27, 2010
  Any student that HAS received a student loan at Delta College in previous years.
• Fall 10 New Borrowers - August 31, 2010
  Any student that has never received a student loan at Delta College.
• FALL 10 loan application period ends on November 10, 2010
  
• SPRING 11 loan application period ends on April 14, 2011

• What it costs to attend and about the refund policies for students who drop out.
• How the school determines whether students are maintaining satisfactory academic progress and what happens if they are not.
• What financial assistance is available, including all federal, state and school financial aid programs.
• What the deadline is for submitting each aid application and about the criteria used to select recipients.
• How each student's financial need is determined, including how costs for tuition and fees, room and board, transportation, books and supplies, and personal and miscellaneous expenses are considered in your budget.
• What resources—such as parental contribution, other financial aid, personal assets, etc.—are included in the need calculation, and how much of your financial need, determined by the school, has been met.
• To explain the various programs in your student aid package. If you believe you have been treated unfairly, you may request reconsideration.
• What portion of the financial aid must be repaid and what portion is grant aid.
• What is the interest rate, the total amount to be repaid, repayment procedures, the length of time to repay the loan, and the date when repayment begins.
• How to apply for additional aid if your financial circumstances change.

• Review all information about a school's program before enrolling.
• Pay special attention to your application for student financial aid, complete it accurately, and submit it on time to the right place. Errors can delay financial aid. Intentional misreporting of information on application forms for financial aid is a criminal offense subject to penalties. Aid awarded due to inaccurate information will have to be repaid.
• Submit all paperwork by the deadline.
• Submit all paperwork to the right place.
• Respond promptly and return all additional documentation, verification, corrections, and/or new information requested by the financial aid office or the agency to which you submitted applications.
• Read, understand, and keep copies of all forms that you sign.
• Notify the lender within 10 days of changes in your name, permanent mailing address, and school status.
• Repay the loan according to the repayment schedule. Payment is required even if you do not get a bill.
• Do not wait for the lender to contact you; write and request a repayment schedule.
• If you cannot make a payment or think no payment is due, contact your lender and request a deferment of repayment, forbearance, hardship extension, or in-school extension.
• Understand the school's refund procedures.

• Pay the defaulted loan in full or
• Meet the satisfactory repayment criteria with six consecutive satisfactory payments. or
• You may be eligible to consolidate your defaulted student loans or
• Some consolidation lenders require that students make satisfactory repayment on their defaulted student loans before they will consider consolidating the loans.
• You can rehabilitate your loan-that is, to bring it out of default-you must make 12 consecutive, voluntary, reasonable, and affordable monthly payments under an agreement with the Servicing Center. Once you make these 12 payments, default information will be removed from your credit record.

• pay off your student loan or
• assist you in regaining your financial aid eligibility or
• straighten out your credit record.

Resources

• The U.S. Dept. of Education Guide to Defaulted Student Loans
• The EdFund Questions and Answers about Defaulted Student Loans.