2019-2020 Alternative Loan Request Form Revised 01/18/19
General Alternative Loan Information
You must select a lender and complete their application prior to this Alternative Loan being certified. Lenders will provide a certification request to
College of DuPage through ELM Resources or other methods. A loan request cannot be processed until we have received the certification request
from your lender and the Alternative Loan Request Form.
All students are required to sign up for a payment plan at the time of registration. If you have submitted your Alternative Loan Request Form and
Lender Certification, please verify your eligibility for the deferred payment plan option with the Office of Student Financial Assistance. You may also
have to contact the Cashier’s Office if your Alternative Loan has been processed but you are not offered the Deferred Payment Plan.
Once your lender receives the College of DuPage’s enrollment certification, your lender will send you a Notice of Disclosure Statement (NDS)
providing you with important information regarding the loan, such as loan period, lender disbursement date(s), disbursement amounts and interest rates.
The disbursement date(s) indicate when your lender will send the alternative loan funds to the school.
Loan funds will not be disbursed to you any earlier than the first day of the start of each semester of the loan period:
Fall Semester 2019 August 19, 2019
Spring Semester 2020 January 18, 2020
Summer Semester 2020 May 26, 2020
Your lender will send your loan funds electronically (EFT) or by check to the College of DuPage. In order to receive the alternative loan funds, you
must be enrolled in the minimum number of credit hours required by your lender. Verification of your eligibility will be made before each disbursement
of your loan period. If you are not registered at the time the funds are received from your lender, your EFT funds or check will be returned to the lender
for cancellation. If you wish to have your alternative loan reinstated, you must submit a written request to the Office of Student Financial Assistance
and contact your lender for loan approval.
If your loan funds are received electronically, your funds will be placed directly on your student account. You will receive an email notification that
funds have posted to your account to your student email account. Any loan funds in excess of your educational costs will be refunded within
approximately 14 days of being placed on your account based on your refund method.
If your funds are received by check, you will be notified by email to pick up your check from the Cashier’s Office. The Cashier will release your
alternative loan check to you. If you have a balance owed to the College of DuPage for educational costs (i.e., tuition and fees), you must pay the full
balance to receive the alternative loan check or you can sign the check over to the College of DuPage to pay your balance. Any loan funds in excess
of your educational costs will be refunded within approximately 14 days of being placed on your account based on your refund method.
Please report, in writing, any changes in your plans to attend College of DuPage. If you wish to have your loan cancelled or reduced, submit your
written request to the Office of Student Financial Assistance. If you wish to have your loan reduced by any refund amount, complete the Return of
Loan Funds form and submit to the Office of Student Financial Assistance.
You may contact the Office of Student Financial Assistance at SSC 2220 in person, call 630-942-2251, or via email at firstname.lastname@example.org
if you have any
questions about your alternative loan processing.
The College prohibits discrimination in its admissions, employment, and educational programs or activities on the basis of race, color,
sex, religion, creed, national origin, age, ancestry, marital status, sexual orientation, gender identity and expression, arrest record,
military status or unfavorable military discharge, citizenship status, and physical or mental disability. (Board Policy 5010; 20-5).
SPRO: Completion Date:
STSC Enrollment: 2019FA 2020SP 2020SU
Budget: With Parents: With Roommate/Relative: Away:
Budget Increases: Child Care: Program Expenses/Tuition: Other:
SAP Status: Monitor completion? Y N Study Abroad Student
CRI Updated AIDE Updated Database Updated FA Rep Initials: Date: