Federal Direct Loan Certification Form

Federal Direct Loan Certification Form
2015-2016 ESCC Federal Direct Loan Certification Form
SECTION 1: BORROWER’S INFORMATION
Name:
SSN:
Permanent Address:
Date of Birth:
City:
ST:
E-mail Address:
Driver’s License #:
Program of Study:
Cell #:
I plan to complete my studies at ESCC at the end of the:(indicate one term)
Fall
Spring
Zip:
Summer term, 20
SECTION 2: LOAN INFORMATION
I would like to borrow a total of $
I would like to borrow for the following terms:
for the 2015-2016 award year at ESCC.
Fall 2015
Spring 2016
Summer 2016 (Indicate all terms you wish to apply for)
**ESCC cannot adjust the requested loan amount after the request is certified. (See b ack for more information.)**
SECTION 3: OTHER AID I AM RECEIVING
Check all programs from which you believe you will receive funds from this academic year (2015-2016). FAILURE TO INDICATE ALL PROGRAMS
COULD RESULT IN LOSS OF ELIGIBILITY FOR LOANS AND OTHER AID.
Pell Grant
Federal SEOG
Federal Work Study
WIA, TRA or TAA
VA Benefits
Scholarship
Other (list type)
SECTION 4: DISCLOSURE
Please read ALL of the following information before signing as it pertains to the processing and disbursement of your loan:



I understand that if I borrow for a single term, my loan will be disbursed in two equal payments (one at the beginning and one at the
midpoint of the term.
I understand that I must complete a Master Promissory Note (MPN) and Entrance Counseling before my loan can be certified.
**For more information regarding MPN and Entrance Counseling, please refer to the information on the back of this page**
I hereby certify that all the information pertaining to my application for federal student financial aid, including this loan, is true and complete
to the best of my knowledge.
Signature:
Date:
Enrollment status (hours):
COA:
ESCC FINANCIAL AID OFFICE USE ONLY:
SAP Status:
Transaction Number:
-EFC for loan period
Subsidized Amount: $
- Other Aid
Unsubsidized Amount: $
Certified by:
Date:
Default/OP?: Yes No
How to Complete Your Master Promissory Note (MPN) and
Entrance Counseling
1.
2.
3.
4.
Go to https://studentloans.gov .
Click the “Log In” button.
Log in using the requested personal information. The PIN # is the same one that you used to sign your FAFSA.
Click on the “Complete Counseling” link, then click on “Entrance Counseling”. Carefully read all the information provided and
answer the questions.
5. Click on the “Complete A Master Promissory Note” link and provide all the information requested.
6. Return this Certification form to the ESCC Financial Aid Office.
Once you have completed this entire process, the Financial Aid Office will certify your loan as quickly as possible.
Student Loan Facts

You must be enrolled at least half time (6 hours) to receive a student loan.

You must be making Satisfactory Academic Progress (SAP) at the time of certification to receive a student loan. SAP guidelines
are explained in the college Catalog and at http://www.escc.edu/index.php/financial-aid/sap.

Students will not be allowed to adjust the requested loan amount after the request is submitted. Make sure the amount
requested is sufficient to meet your educational needs for the entire loan period. Students can apply for additional funds the
next semester based on student loan eligibility.

Subsidized loans do not accrue interest while you are enrolled at least half time, during your grace period, or during authorized
deferment periods.

Interest accrues on unsubsidized loans from the date of your first disbursement.

You are not required to make payment on Subsidized and Unsubsidized loan principal until six (6) months after you drop
below half time status.

ESCC asks ALL borrowers to complete Exit Counseling each spring term regardless of future enrollment plans. You will still
be eligible for your student loans after you complete Exit Counseling.

If you have questions about your loans please stop by or call the Financial Aid Office! You can also access the National
Student Loan Data System (NSLDS) by going to https://www.nslds.ed.gov/nslds_SA/. You will need your federal student aid
PIN to access this site.

Keep copies of all your loan paperwork! It is your responsibility to report changes to your Direct Loan servicer. These
changes may include changes in name, address, phone number, enrollment status changes, etc.

If your contact information changes it is your responsibility to report it to ESCC and your Direct Loan servicer.
Please direct all questions and concerns to the Financial Aid Office at 334.347.2623 ext. 2214.
Please return completed applications to your designated Financial Aid Office:
ESCC Financial Aid Office
P.O. Box 1300
Enterprise, AL 36331
or
Fax to 334.347.0191
or
Alabama Aviation Center
3405 South US Highway 231
Ozark, AL 36360
or
Fax to 334.774.0477
Was this manual useful for you? yes no
Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Download PDF

advertisement