Direct Loans
William D. Ford Federal Direct Loan Program
(Cerritos College does not participate in Direct PLUS Loans or Alternative/Private Loans)
Cerritos College offers Direct Subsidized and Unsubsidized Loans through the William D. Ford Federal Direct Loan Program. Students applying for a loan no longer need to select a lender. The U.S. Department of Education will be the lender.
Application will be reviewed and processed within 30 days. If your loan is denied you will receive a letter from the Financial Aid Office explaining the reason(s) for loan denial.
Students need to be currently enrolled in at least 6 units and meet all eligibility requirements.
If you are interested in applying for a Direct Loan follow the steps below:
Complete a Direct Loan Entrance Counseling(new borrowers only)
Complete Direct Loan Master Promissory Note (MPN)
- The Master Promissory Note is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your student loan(s).
Complete a Direct Loan Exit Counseling
- All students expecting to graduate or enroll in less than half-time (6 units) are required to complete an Exit Counseling
Grants and Scholarships
Before applying for a student loan consider grants and scholarships. All loans have to be paid back.
The following links can help you search for grants and scholarships:
Free Scholarship search. www.fastweb.com
Cerritos College Scholarships - www.cerritos.edu/finaid
Cerritos College Foundation Scholarships-www.cerritos.edu/foundation
Related Links
Know What You Owe- The National Student Loan Data System has information about your federal student loans. www.nslds.ed.gov
Manage Your Direct Loans - Make online payments, view your account balances and payment history, change your billing options, enroll in electronic services and much more. https://studentloans.gov/myDirectLoan/index.action
Repayment Calculator - When it comes time to start repaying your student loan(s), you can select a repayment
plan that’s right for your financial situation.
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