• Federal Work Study
• Student Loans
  

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

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

Student Loan Application Requirements:

1. Complete a FAFSA.
2. Submit all required documents to complete a financial aid file with Delta College. .
3. Have received official financial aid eligibility notice via student email.
4. Be in good academic standing according to the Financial Aid Satisfactory Academic Progress Policy.
5. Not 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. 

San Joaquin Delta College currently participates in the federal Direct Stafford Loan program.  However, a high default rate will have major consequences in the participation of financial aid funding to students.  To help maintain the integrity of the financial aid and loan programs, we ask you to remember that borrowing places you in debt and borrowing should be used as a last resort.

Visit the Federal Student Aid webiste for information about Direct Stafford Loans. How much you can borrow, interest rates and other important information can be found there.

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.

• Fall 2012 and Spring 2013 New and  Continuing Borrowers - Applications avilable from July 18, 2012 - May 7, 2013.  See Student Loan Application Requirements above for more information regarding eligibility.

• 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.