Student Loans​

Contact Barbara at ​(530) 242-7702
studentloans@shastacollege.edu

Fall 2014 Application Period - CLOSED
Apply in January​ for a Student Loan!

IMPORTANT: Mak​e sure you have completed all other Financial Aid Steps before completing the 6 steps for a loan. Access "How to ​complete My File" or the "Financial ​Aid Overview" for more information​on.​​​​

Notice:

The Shasta College Financial Aid Off​ice is an experimental site for the U.S. Department of Education.

By applying for a Federal Direct Unsubsidized Loan, you may be selected as a candidate to participate in the initiative.

If selected additional commitments of participation will be required.

Declining to borrow an Unsubsidized Stafford Loan will release you from all obligations regarding this participatory experimental site initiative.​​​


Important Information for the following Programs:

ADN and Dental Hygiene Information
LVN Students

For members of the U.S Armed Forces:

What you need to know about loans​​

Financial Aid Default Management Plan:

As part of the Shasta College default management plan, students with a prior history of loan discharge or default are automatically denied a loan.

However, a new determination by the Director of Financial Aid may be requested. Eligibility will be reviewed on a case by case basis. Complete the Direct Loan Denial Appeal Request located under "Forms" on this page.


Check out these informational​ links:

Frequently Asked Questions Links:

Shasta College does not certify private loans


First-Time Borrowers:
As of July 1, 2013 first-time borrowers are subjected to time limitation eligibility and loss of interest subsidy on Direct Subsidized Loans and will be required to complete and pass an additional Entrance Exam.
Click Limits for First Time Borrowers for more information​​











​FORMS









2011 Cohort Default Rate for Shasta College is 18.2% of the number of students that borrow against the national comparison​.​​
(2010 rate 18%)
National Default Rate cannot exceed 30%





​​​Apply for a Student Loan - Complete Steps 1 - 6​

Click the following link for the printable:

Step 1:

Print and submit the
Federal Direct Loan Request Form. A dollar amount must be specified, click Loan Limits for information

Step 2:

Print and submit the
Loan Applicant Borrowers Worksheet

Step 3:

Submit a copy of your completed Educational Plan.
All prior college units must be evaluated.

Step 4:

Print and submit a new confirmation page each year for Shasta College. Complete the Direct Stafford Loan Entrance Counseling at www.studentloans.gov

Step 5:

Sign the Master Promissory Note (MPN) Electronically with the Department Education at www.studentloans.gov. This must be completed each year that you apply for a loan at Shasta College. Electronic confirmation must be received by the College before a loan will be processed.

Step 6:

Deliver all loan forms in person with a valid driver’s license or state issued picture ID. For Security Purposes a copy of your ID will be made by Shasta College and maintained with your loan documents.


Complete Exit Counseling:

Every year loan recipients must complete exit counseling upon graduating, transferring, withdrawing or at the end of the semester.

Log into: www.studentloans.gov

  • Complete Exit Counseling and print the page that provides proof that it is completed
  • Failure to submit Exit Counseling could delay future funding
  • Shasta College must be selected as the college to receive your Exit Counseling Electronically. Shasta College will send a confirmation email upon receipt of your Electronic Exit Counseling, keep your email address current.
Students who are citizens of the Freely Associated States-the Federated States of Micronesia, the republics of Palau and the Marshall islands are not eligible for federal student loans, but are eligible for Pell Grants. Citizens of Palau are also eligible for FWS and FSEOG.​


Submitting Your Loan Forms:

  • Submit in person to the Financial Aid Office Building 100, Room 108 or to one of the following campuses; Tehama, Trinity, or Inter-mountain, all loan documents.
  • Do Not Mail, Fax, Use the Drop box or send your loan documents with another person they will NOT be accepted
  • Incomplete loan documents or altered forms will not be accepted.​


Status of Submitted Loan Forms:

  • Your loan cannot be certified until your ​financial aid file has been reviewed.
  • "Processed" must be indicated on all documents through the "My Documents" screen.
  • View the certified loan amounts on your Financial Aid Award Letter.
  • An ​Award Letter with the loan disbursement dates will be mailed to you via the U.S Postal Service.

The Financial Aid Office will communicate with you using your "My Documents Screen" through the "My Shasta".​

Fall 2014 Loan Application DEADLINE:
October 24, 2014
Spring 2015 Loan Application period: Starts in January - Check back for more information


Repayment Information:

​​​​Federal Student Loans are required by law to provide a range of flexible repayment options, including but not limited to, income-based repayment and income contingent repayment plans, and loan forgiveness benefits which other student loans are not required to do. Federal loans are available to students regardless of income for more information go to:


​Attention: SallieMae Borrowers click here

​The Shasta College Financial Aid Office does not discriminate against any borrower or applicant in obtaining a loan on the basis of race, national origin, religion, sex, marital status, age, or disability status. ​
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