Dr. H.A. Miller Student Services Center
417 Schepps Blvd., Clovis, NM 88101
Ph. (575) 769-4060 * Fax (575) 769-4027
Loan Application
2019-2020
How to apply for a student loan:
1. Complete a 2019-2020 Free Application for Federal Student Aid (FAFSA). CCC School Code: 004743.
2. Check your Pathway Portal or contact the Financial Aid office to complete your financial aid file.
3. Complete the loan certification form. Please make sure it is completely filled out (NO BLANKS!).
4. Complete Entrance Counseling via:
https://studentloans.gov/myDirectLoan/counselingInstructions.action?counselingType=entrance
5. Complete Master Promissory Note (first-time borrowers AND/OR haven’t completed one in the last 10
years):
https://studentloans.gov/myDirectLoan/index.action
6. Once you have completed all the steps above, turn in your loan application and entrance counseling
review to Chris
Garcia in the financial aid office.
You will receive an award letter when your loan has been processed.
Loan checks will not be disbursed without a Master Promissory Note on file with the Department of Education.
Loan applications will not be certified until all documentation is turned in.
The processing time for loan applications is approximately 30 days from the time all documentation is
provided and/or Pell file is complete. (This includes having all official transcripts submitted and evaluated.)
Questions?
CONTACT: Chris Garcia, chris.garcia@clovis.edu, 575.769.4060
Direct subsidized loan:
A direct subsidized federal loan is a guaranteed loan in which the federal government pays the
interest while you are in school.
Subsidized borrowing limitations:
THE LAW: Congress passed a bill Moving Ahead for Progress in the 21st Century Act (“MAP-21”) which
established time limitations on Direct Stafford Subsidized Loans. This new law will be effective for first
time borrowers and borrowers who have paid off their loans and are borrowing again as of July 1, 2013.
This law allows you to receive Direct Stafford Subsidized Loans only within 150% of the length of your
program of study.
WHAT IT MEANS: Once you have reached the end of this limit you are no longer able to receive Direct
Stafford Subsidized Loans. Once a borrower reaches the 150% limit he or she will no longer be eligible for
the interest subsidy on all Federal Subsidized Loans disbursed on or after July 1, 2013.
KEEP IN MIND:
If in the future you plan on seeking a four-year degree you must subtract eligibility already used.
Changing your degree does NOT reset 150% eligibility.
Enrollment level may influence the calculation of the timeframe used. Examples:
A part-time student (6 credits) who borrows the full amount of the Direct Subsidized Loan
during a period of enrollment that covers a full academic year would have used one-half
of a year against the maximum eligibility period.
A part time student (6 credits) who borrows the full amount of the Direct Subsidized Loan
in a period less than an academic year (Fall only/Spring only) are, on the other hand,
charged a full year against the maximum eligibility period.
Direct unsubsidized loan:
A direct unsubsidized federal loan is a guaranteed loan in which you are responsible for paying
the interest as soon as the loan is disbursed.
Note: Your school must determine your need for a subsidized Federal Stafford Loan before determining your need for an
unsubsidized Federal Stafford Loan. Requesting a given loan type does not necessarily mean you will be eligible to receive
that loan type.
Students must be enrolled at least half-time (6 credit hours).
ANNUAL LOAN LIMITS PER GRADE LEVEL *Dependent students can only receive up to $2,000 for an unsubsidized loan
CLASS LEVEL
CREDIT HOURS
STAFFORD SUBSIDIZED
STAFFORD UNSUBSIDIZED
Freshman
0-29
Yearly $3,500 (1,750)
Yearly $4,000 (2,000)
Sophomore
30+
Yearly $4,500 (2,250)
Yearly $4,000 (2,000)
This Page
Intentionally
Left Blank
STUDENT INFORMATION
CCC ID Social Security Number Name
Street Address City State Zip
Phone Number Email Address Date of Birth
Loan Information
LENDER: Direct Stafford Loans
SELECT LOAN PERIOD: Fall 2019 Spring 2020 Summer 2020 Fall 2019 & Spring 2020
*Summer money is only available if you have not used the maximum yearly awards.
LOAN TYPE(S):
Subsidized Amount:$ .00 (See table-if borrowing for fall & spring amount entered will be divided in two)
Unsubsidized Amount:$ .00 (See table-if borrowing for fall & spring amount entered will be divided in two)
TOTAL AMOUNT BORROWED TO DATE: $ .00
Loan Students must go to http://www.nslds.ed.gov/nslds_SA/ and retrieve the total amount borrowed to date.
Please Read & Initial
To receive a loan at Clovis Community College I understand I must:
Attend on-campus Entrance counseling (required for first time borrowers, recommended for all borrowers)
Have a 2019-2020 FAFSA file complete
Have a minimum cumulative GPA of 2.0 (including transfer students)
Must be meeting CCC’s Financial Aid Satisfactory Academic Progress standards
Be enrolled in a minimum of 6 credit hours (including for summer) – courses must apply to the degree I’m seeking at CCC.
Attendance is observed carefully throughout the semester. If not attending classes, loan disbursements may be cancelled.
I’m aware that loan refunds (if any), will be distributed as two separate disbursements for each semester.
Additionally, I am aware that:
As of July 1, 2013, a first-time Federal Subsidized Student Loan borrower is no longer eligible for the Subsidized Student
Loan
program if he or she exceeds 150% of the published length necessary to graduate with their degree. Once a borrower
reaches the 150%
limit he or she will no longer be eligible for the interest subsidy on all Federal Subsidized Loans disbursed
on or after July 1, 2013.
Provisions in the Consolidated Appropriations Act 2012 temporarily eliminate the interest subsidy on
Direct Subsidized Loans
during the six month grace period. This applies to new Direct Stafford Loans for
which the first disbursement is made on or after July 1,
2012, and before July 1, 2014. The accrued
grace period interest not paid will be capitalized.
All students approved for a loan will be allowed to charge tuition, books, and supplies. Students will
receive notification of
anticipated disbursement dates to their CCC email account.
Loan funds will arrive by electronic funds transfer to the business office. If there is a balance on my
account, it will be taken out
of my loan refund before any refund amounts are determined.
SIGNATURE REQUIRED
As a student, I understand it is my responsibility to read and understand all printed materials. I am
aware all charges on my student
account not covered by financial aid are my responsibility.
Signature: Date:
Received Date Stamp:
CCC Entrance Counseling
NO BLANKS – IF INFORMATION IS LEFT UNANSWERED FORM WILL BE CONSIDERED INCOMPLETE
BORROWER INFORMATION
Name: Student:
Home Number: Cell Number:
Email1: Email2:
Anticipated Graduation Date: Anticipated First Payment Date:
Total Amount Borrowed to Date: $ Anticipated Monthly Payment: $
Major: Average Wages: $
REFERENCES - Please list two personal references who reside at different addresses.
ONE:
Name: Relationship to Borrower:
Address:
Home Number: Cell Number:
TWO:
Name: Relationship to Borrower:
Address:
Home Number: Cell Number:
REVIEW – Please answer the questions below after completing the loan entrance counseling.
1. Name at least two ways to reduce your student loan debt.
1.
_
2.
2. Subsidized loans are need based.
True or False
3. As of July 1, 2015, the loan origination fee is %.
4. Your student loans will be cancelled if you are not satisfied with your education?
True or False
5. How many repayment plans are there?
6. If you have trouble making your loan payments, you should contact
a. CCC Financial Aid Office b. Your employer c. Your Direct Loan Servicer d. a & c d. All
7. Your loan goes into default if you are _days past due.
a. 30 b. 90 c. 150 d. 270 e. 365
8. List 3 consequences of default.
1.
2.
3.
9. List 2 changes you must report?
1.
2.