|
What's New:
Starting for the Fall 2012, all new borrowers must complete a series of Life Skills offered through USA Funds. USA Funds Life Skills is a free online learning program that offers you advice for managing your time and money wisely while on campus and after graduation. Los Angeles Mission College is dedicated to supporting student success. Often, some students need to borrow money to help with school related expenses. Typically, a student who needs to borrow money to get through school is making a good investment for the future. Howerver, many students enter into debt without a clear picture of how it will affect them in the future. Therefore, we require students to complete several Life Skills lessons to support student success.
Eligibility Requirements:
Prior to being considered for a Direct Stafford student loan, students must complete the Free Application for Federal Student Aid (FAFSA), which is available at www.fafsa.gov. Make sure our Federal School Code (012550) is listed on your FAFSA. You may pick up the FAFSA On The Web Worksheet in the Financial Aid Office.
Student's loan eligibility is determined by the information provided on the FAFSA, the length of enrollment period and satisfactory academic progress.
Students who are requesting Direct Stafford student loans are required to complete their Student Loan Entrance Counseling requirement by taking an on-line quiz via https://studentloans.gov. The on-line quiz reinforces the information borrowers need in order to understand their rights and responsibilities related to borrowing a student loan. Students must be enrolled in at least one (1) unit at Los Angeles Mission College, and a total minimum of six (6) units, to be considered for a student loan. Students must have an Award Letter prior to submitting the Student Loan Application Form to the Financial Aid Office.
Deadlines for 2012-2013
- December 3, 2012- to Request for a Direct Stafford Loan for Fall 2012 only students
- May 20, 2013 - to Request for a Direct Stafford Loan for Spring 2013
Loan Application Process:
| Step 1: |
All borrowers (you the student) must complete the Student Loan Entrance Counseling requirement by taking an on-line quiz at https://studentloans.gov. All new borrowers must complete a series of Life Skills. Please come to the Financial Aid Office for further instructions. |
| Step 2: |
The borrower completes and returns the Student Loan Application Form, other required documents and the Loan Advisement Packet (if required) to the Financial Aid Office. Student must also bring their Driver License (or state-issued picture ID card) and Social Security card - FAXES and copies are NOT acceptable. Please see the Financial Aid Office for information on other required documents. |
| Step 3: |
L.A. Mission College sends loan information electronically to the US Department of Education for guarantee. |
| Step 4: |
NEW DIRECT LOAN Borrowers: Student must electronically sign the Promissory Note at www.studentloans.gov
PREVIOUS DIRECT LOAN Borrowers: The previous Promissory Note can be used.
|
| Step 5: |
US Department of Education sends funds to the LA Community College District. |
| Step 6: |
LA Mission College releases loan funds to the borrower via the new myLACCDcard debit card or Electronic Fund Transfer (EFT), if this option is selected from the www.myLACCDcard.com website, 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 (818) 364-7648 or send us an email at lamcfinaid@lamission.edu
|
