Student Loans​

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

SUBMIT LOAN FORMS NOW!

Loan disbursements start 30 days after the semester begins.

Questions? Contact Barbara the Loan Processor via studentloans@shastacollege.edu​
IMPORTANT: Submit a copy of your 15-16 Financial Aid Award L​etter before completing the ​steps for a loan. Access "How to ​complete My File" or the "Financial ​Aid Overview" for more information​on.​​​​
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NOTE:
Loans are offered on the Award letter as a resource until all eligibility criteria has been reviewed by the Loan Processor.

Notice:

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

By submitting loan forms 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 for the following groups:




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 15-16 Loan Appeal Request located under "Appeal Forms" on this page.


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.​
 

FAQ 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​​












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%





Complete the following Student Loan Steps 

ALL STUDENTS:

Step 1: 15-16 Form LB

Print and submit the 15-16 Form LB
A dollar amount must be specified on the form, Click here for Loan Limits

Step 2: Comprehensive Education Plan

Submit a copy of your Comprehensive Education Plan
All prior college units must be evaluated by a Shasta College Counselor.

Step 3: Master Promissory Note

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

NEW BORROWERS (Additional Steps):

Who is a new borrower?
~ A student who has never borrowed a student loan
~ A student who has a zero balance or has paid in full all previous student loans

Loan Entrance Counseling

Complete the Direct Stafford Loan Entrance Counseling at www.studentloans.gov.
Electronic confirmation must be receive​d by Shasta College before a loan will be processed.

15-16 Form NBEQ

Print and submit the 15-16 Form NBEQ
Answers to these questions can be found on the attachment "Time Limitations on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013" document provided with the form.

Submission of  Loan Forms:

  • DO NOT mail, fax, use the night drop box or send your loan forms with another person. They will NOT be accepted.
  • Bring your valid Driver's License or government issued picture ID:
    Shasta College will make a copy to keep with your loan forms.
  • Submit forms in person to:
    Financial Aid Office, Redding Main Campus
    Tehama Campus, Red Bluff 
    Trinity Campus, Weaverville
     Intermountain Campus, Burney
  • 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 "Received" and reviewed​
  • 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 Forms" through My Shasta​ or the U.S Postal Service​

Complete Exit Counseling:
Loan recipients must complete exit counseling upon graduating, transferring, withdrawing.

Log into: www.studentloans.gov

  • Complete Exit Counseling 
  • 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.
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 on loan repayment go to:



​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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