2019-2020
DIRECT LOAN REQUEST FORM
This form is required to request a student loan through the William D. Ford Direct Loan Program. Based on submission of this
request form, the information provided, federal guidelines, and stipulated limits, the LIT Financial Aid Office will determine eligibility
& certify the maximum amount of loan fund(s) for which you qualify. LIT Student Borrowers will be required to access Self Service
Banner to accept, amend/accept, or decline certified loans.
Please certify the following student for student loans for the 2019-2020 award year:
Student Name _______________________________________________________________________________
Last First Middle
Student ID # ________________________________ Phone Number [include area code] _______________________
ANNUAL LOAN LIMITS BASED ON STUDENT STATUS
Loans will be certified based on “UNMET NEED” calculated after Federal and/or State Grants have been awarded.
Limits provided below represent MAXIMUM possible awards
Dependent Applicants Freshman Sophomore
Subsidized Loan $3,500 $4,500
Unsubsidized Loan – in combination with Subsidized to achieve limit ~ ~
Additional Unsubsidized Funding Available $2,000 $2,000
Maximum Potential Loan Certification $5,500 $6,500
Independent Applicants
Subsidized Loan $3,500 $4,500
Unsubsidized Loan – in combination with Subsidized to achieve limit ~ ~
Additional Unsubsidized Funding Available
$6000 $6000
Maximum Potential Loan Certification $9,500 $10,500
Student Borrowers will be required to access Self Service Banner to accept, amend/accept or decline certified loans.
By signing below, I am hereby certifying that I understand and agree to the following:
1. Approved amounts may be a combination of subsidized and/or unsubsidized loan funds depending on eligibility
and taking into considerations other types of aid I may be receiving (grants, work study, scholarships, etc.)
2. If I am a FIRST-TIME borrower - I am required to complete an ENTRANCE COUNSELING session prior to submitting this request.
3. Acceptance of any approved funds will require completion of an electronic Master Promissory Note.
4. If I am a FIRST-TIME borrower – there WILL BE a 30 day mandatory delay on my first loan disbursement(s).
I further understand that the FIRST disbursement of any student loan will not occur
until 30 days after 1
st
official class day, and I am therefore responsible for any outstanding
balance on my LIT Student Account prior to any/all payment deadlines.
5. If certified and accepted loan awards represent the maximum amounts allowable for the 2019-2020 year –
There will be NO ADDITIONAL LOAN FUNDS available for educational costs for Summer 2020.
6. Students MUST be enrolled in at least HALF TIME (6 hours or more) to receive student loans.
7. Did you attend any other college during the Fall semester? ____ Yes ____ No
_____ I understand that failure to report any financial aid received previously during the current financial aid year may result in adjustments,
reductions, or loss of my financial aid eligibility
.
8. Will you graduate this semester? ____ Yes ____ No
Please allow 1 week for processing. Processing times may be longer during peak periods.
Signature: ___________________________________ Date: _______________________
OFFICE USE ONLY
F S
Cert. AAS
DEP IND
12+ 9-11 6-8 1-5
