Fillable Loan-info-16-17 - Loan Info Sheet_16-17

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Loan-info-16-17 - Loan Info Sheet_16-17

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2016‐2017
LoanInformationSheet
Astudentloanisaseriousobligation,whichmustberepaid.Therefore,weencourageyoutocarefullyconsiderthe
amountofloanfundsyourequest.BorrowWisely.Reviewtheexamplesbelow.
EXAMPLE1–noloan
needed EXAMPLE2–possibleloan
Charges 3708 Charges 2393
FinancialAid ‐4229 FinancialAid ‐2383
BalanceforTuition&Fees ‐521(pendingrefund) BalanceforTuition&Fees 15(balancestilldue)
EstimatedBookCosts + 600 EstimatedBookCosts + 600
TOTALExpensesforFall =79 TOTALExpensesforFall =615
DoubleyourTotalExpensestoget
theFullYearamount
$158 DoubleyourTotalExpensestoget
theFullYearamount
$1230
Bothoftheseexamplescouldenrollintheinterest‐freeBC3EZ‐PayPaymentPlaneachsemesterinsteadofborrowing
loanmoney.
HowMuchShouldIBorrow?
GototheonlineBC3Bookstoretogetanestimateforyourtextbooks.Next,logintotheBC3Portaltoviewyourbill.
UndertheSelf‐ServiceMenu,click“AccountInfo/PayBill”,then“AccountBalance/FinancialAid”.
FallCharges
FallFinancialAid ‐
FallBalanceforTuition&Fees
EstimatedFallBookCosts +
FallTOTALExpenses =$ x2(togetayearlycost) =$__________________peryear
Doyoureallyneedtoborrowloanmoneyforyourper‐yearcost?Bysigningupfortheinterest‐freeBC3EZ‐
PayPaymentPlanyouhavetheoptiontopayininstallmentspersemester.
SubmittingYourRequest
HowweCertify…
Allloanswillbecertifiedforthefullyear,withdisbursementssplitbetweenFall2016andSpring2017.
o YoumustnotifytheBC3FinancialAidOfficetocancelyourspringdisbursementifyoudonotenrollinthe
Spring2017Term,especiallyifyouaretransferringtoanothercollege.
GraduatinginDecember2016?YoumustrequestaFall‐Onlyloanwhencompletingtheform.
o Asperfederalregulationwewillprorateyourloanforgraduation.Ifyoufailtonotifythefinancialaid
officeofyourupcominggraduationpriortothedisbursementofyourloans,thefinancialaidofficewill
receiveanofficialgraduationlistfromtheregistrar'sofficeandyourloansmaybeadjustedwhichcould
resultinabillwiththecollege.
ProceedtoLoanRequestForm
AdditionalInformation:
• EligibilityCriteriaforDirectStudentLoan
• InterestRates
• Semester DeadlinesandRestrictions
• Tuition&Fees
• AnnualandAggregateLimits
• CostofAttendanceandhowitcanlimityourloanaward
FinalStep…ClickHere
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Loan-info-16-17 - Loan Info Sheet_16-17

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Completed 31 December 2020

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