Please PRINT CLEARLY (Last Name, First Name MI)
DIRECT LOAN REQUEST
2019-2020
Complete ALL information requested using a PEN
, then submit this form to the BBCC Financial Aid Office.
Name: _____________________________________________ Date of Birth: ______________________________
Social Security #: ___________________________
Check one of the following two options (instructions listed on insert):
A. ___ I am a first-time borrower. I have completed the following processes at www.studentloans.gov (see
reverse for instructions):
1. ___ I have completed the Entrance Counseling”.
2. ___ I have completed the “Master Promissory Note”.
NOTE: Your first loan disbursement will be delayed 30 days if you are a first time college student and first time
borrower.
B. ___ I have received prior Ford Direct Loans or Stafford Loans (see reverse for instructions).
Indicate the following: (I) loan type(s) requested; (II) dollar amount requested; (III) loan period; (IV) estimated
graduation date; and (V) signature.
I. Loan Type(s) Requested
____ Subsidized
____ Unsubsidized
II. Requested Amount: $ __________________
(Amount is disbursed evenly during quarters marked below)
III. Loan Period (Indicate number of credits you plan to take each quarter. Do not enter “X” or “. Must
be a minimum of 6 credits):
SUMMER 2019 ____ Credits; FALL 2019 ___ Credits; WINTER 2020 ___ Credits; SPRING 2020 ____ Credits
IV. Estimated BBCC Graduation Date: ________________________________________________________
V. Signature: __________________________________________________ Date: ___________________
Big Bend Community College does not discriminate on the basis of race, color, national origin, sex, gender, disability, or age in its programs or
activities. The following person(s) have been designated to handle inquiries regarding the non-discrimination policies. Kim Garza, Title IX
Coordinator, Building 1400, Office 1449 at (509)793-2010 or kimg@bigbend.edu
loraa@bigbend.edu
or LoraLyn Allen, Coordinator of Disability Services, Building 1400,
Office 1472 at (509)793-2027 or .
FAM FAM and/or COD NSLDS
Status: _____ D ______ I 30 Day-Hold ____ Aggregate Limits
COA: ____________
MiniSoft Dep. = $31,000 ($23,000 max sub)
EFC: ____________ Grade Level: 1
st
yr ____ 2
nd
yr ____ Ind. = $57,500 ($23,000 max sub)
FA: ____________ Academic Tab: ______
Need: ____________
Pro rate:
Sub Gross: ____________ Sub: ______ x4500/36= __________
Unsub Gross: ____________ Unsub: ______ x6000/36= __________
_______ x2000/36= __________
STUDENT INFORMATION
(ALL information in this section MUST be completed)
FOR OFFICE USE ONLY…do not write below this space
Direct Loan Request Instructions:
A. FIRST TIME BORROWER
NOTE: Your first loan disbursements will be delayed 30 days if you are a first time BBCC student
and first time borrower.
If you are a first-time Direct Loan borrower you must complete the following process:
1. Complete this Direct Loan Request Form.
2. Go to www.studentloans.gov and Log In using the FSA ID used for completing the FAFSA.
a. Click on the link to Complete Loan Counseling (Entrance, Financial Awareness, Exit).
b. Select Start button next to Entrance Counseling (Required). Continue until the Entrance
Counseling Summary is shown. After completing this session;
c. Click on the Complete a Master Promissory Note link to the right of your screen under
Next Steps.
d. Select Start button next to MPN for Subsidized/Unsubsidized Loans. Continue until
Congratulations you have successfully completed your Master Promissory Note is shown.
B. PREVIOUS BORROWER
If you have already received a Ford Direct Loan from Big Bend Community or any other
college/university, you must complete this form only.
C. Loan Type/Amount/Period/Grad Date
I. Loan Types
1. Subsidized Direct Loan – there is no interest accruing on these types of loans as long as you
are enrolled in at least six credits or in deferment. To qualify for a subsidized loan, you must
demonstrate financial need on your Free Application for Federal Student Aid (FAFSA).
2. Unsubsidized Direct Loaninterest begins accruing as soon as the loan is disbursed. You
can either make interest payments or postpone them while in school.
II. Requested Amount – This must be a dollar amount. Please see loan limits chart below:
Academic Year
Dependent
Sub &/or Unsub
Independent
Sub &/or Unsub + Add’l Unsub
First Year
(0 45 credits completed)
$3,500 + $2,000 = $5,500 $3,500 + $$6,000 = $9,500
Second Year
(45 credits completed)
$4,500 + $2,000 = $6,500 $4,500 + $6,000 = $10,500
AGGREGATE
Undergraduate Limits
$23,000 + $8,000 = $31,000 $23,000 + $34,500 = $57,500
III. Loan Period – Indicate the number of credits you plan on taking each quarter.
IV. Graduation date – List the date in which you plan to graduate from your current program.