Southwestern College Financial Aid Oce
2019-2020 DIRECT LOAN REQUEST FORM
Last Name First Name MI SWC ID Number
1. Carefully read the SOUTHWESTERN COLLEGE DIRECT LOAN POLICY at www.swccd.edu/directloan.
2. Complete the ENTRANCE LOAN COUNSELING and MASTER PROMISSORY NOTE (MPN) at www.studentloans.gov.
Indicate the amount(s) you are requesting for Direct Loan (usually disbursed in two equal parts, fall and spring):
4. When will you graduate from Southwestern College? _________ Month/ _________ Year
Submit this completed form to the SWC Financial Aid Oce.
STUDENT AUTHORIZATION AND CERTIFICATION
I have read and understand Southwestern College’s Direct Loan Policy
located at www.swccd.edu/directloan.
I have read and understand my rights and responsibilies as a borrower
and have received Entrance Counseling material from the Federal Direct
Loan program website at www.studentloans.gov.
I understand that this loan is to be used for educaonal expenses such as
tuion, fees, room and board, books, supplies, equipment, child care,
transportaon and living expenses while aending Southwestern College.
I understand that this and any other student loan issued to me must be
repaid, with interest, and that I may be charged interest on some of my
loans even while I am in school.
I understand that if I drop, withdraw or never aend classes aer receiving
my loan(s) check, it could result in an overpayment and I could owe the
money back to Southwestern College.
I understand that I must maintain Satisfactory Academic Progress (SAP).
I understand that Southwestern College can apply any loan funds toward
payment of tuion, fees, instuonal loan and other charges billed by
Southwestern College. I make this request voluntarily in order to be
assured that all charges and debts to Southwestern College will be paid.
I must complete and pass the required Exit Counseling via
www.studentloans.gov anyme I drop below halime enrollment,
withdraw from classes or graduate. If I do not, an administrave hold will
be put on my account which will prohibit me from registering, obtaining a
transcript and/or diploma.
I have the right to cancel all or a poron of my loan by informing
Southwestern College in wring within 14 days aer the date that I was
noed of the “Right to Cancel” or by the rst date of the payment period,
whichever is later. The form can be found at www.swccd.edu/directloan.
I must be enrolled in AND aending a minimum of 6 units at Southwestern
Signing this form ceres that the informaon reported is complete and correct and that any false statement or failure to provide
proof when asked may be cause for delay, denial, reducon or withdrawal of nancial aid. Warning: purposely giving false and/or
misleading informaon may be cause for a ne, sentence to jail or both.
Southwestern College • Financial Aid Oce • www.swccd.edu/nancialaid • Phone 619-482-6357
You will be notifed when your loan request is processed. Please read the information below carefully- it contains important
information about your loan eligibility.
Annual subsidized maximum $3500 for Freshman (less than 30 credits)
$4500 for sophomores (30 credits and over)
Please note that not everyone is eligible for the Unsubsidized loan.
Refer to the Experimental Site Initiative (ESI) in our Southwestern College
Direct Loan Policy at www.swccd.edu/directloan to determine if you
Subsidized Direct Loan $ __________.00
Unsubsidized Direct Loan $ __________.00
click to sign
click to edit