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Steps To Receiving A Direct Loan
 

New Borrowers at LBCC

  1. Complete a 2008-2009 FAFSA and a 2008-2009 financial aid file.
  2. Enroll in at least 6 units of classes required for your educational objective.
  3. Read “Entrance Counseling Guide for Borrowers.”
  4. Complete the “New Borrowers Direct Loan Questionnaire.” (PLEASE NOTE: You will not be permitted to pick up this packet and immediately attend an entrance counseling workshop.)
  5. Attend a one-hour Direct Loan Entrance Counseling Workshop (see schedule below)
  6. Complete the “William D. Ford Federal Direct Loan Application.” (Distributed at the end of Entrance Workshop.)
  7. Submit the Direct Loan Application and Questionnaire to your campus Financial Aid Office.
  8. In approximately three weeks, you will receive three copies of your Promissory Note and a Verification of Attendance in the mail.
  9. Have all your instructors complete, sign, and date the Verification of Attendance.  All instructors must indicate satisfactory attendance and grades for all classes in session before you can receive a loan.
  10. Complete, sign, and return two copies of your Promissory Note (the third copy is for your records) and the Verification of Attendance to the Financial Aid Office in person.
  11. The first disbursement of your loan will be mailed approximately three weeks after you return your Verification of Attendance and Promissory Notes.
  12. You must attend an Exit Counseling session in person or online before a second check will be ordered.
Please Note:  The total debt allowed from all Stafford Loans combined is $31,000 as a dependent undergraduate student (Only $23,000 of this amount may be in subsidized loans.) and $57,500 as an independent undergraduate student.  (Only $23,000 of this amount may be in subsidized loans.)  Exceeding these limits will result in your being ineligible for any student financial aid funds including grants.

Workshops for Fall 2008

PCC
Tuesday at 2:30 p.m.
Room: EE 152

LAC
Thursdays at 3:30 p.m.
Room: B203
9/2, 9/16, 10/14, 10/28, 11/11, 11/25, 12/9
8/28, 9/11, 9/25, 10/9, 10/23, 11/6, 11/20, 12/4
No one will be admitted late
Financial Aid
4901 East Carson Street, Mailstop R13
Long Beach, CA 90808 		Long Beach City College
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