Eligibility Requirements:
Prior to being considered for a federal student loan, students must complete the Free Application for Federal Student Aid (FAFSA), which is available at www.fafsa.ed.gov. You may also pick up the FAFSA in the Financial Aid Office.
The FAFSA must be completed for each academic year that a student would like to be considered for financial assistance. A student's loan eligibility is determined by information provided on the FAFSA, the number of units enrolled, the length of enrollment and academic performance.
Students must maintain at least six (6) units at Shasta College to be considered for a student loan. Students must have an Award Letter prior to loan application processing.
Loan Process:
Shasta College participates in an automated loan application process. This means that data are transferred electronically between us, your lender and guarantor to expedite processing of your loan application.
Step 1: All borrowers (you the student) must attend entrance counseling every year you receive a student loan.
Step 2: Student borrower completes the Stafford Loan Request/Loan Agreement Form and turns it in at the Entrance Session
Step 3: Shasta College sends loan information electronically to Ed Fund for guarantee.
Step 4: Ed Fund mails the Promissory Note to the borrower.
Step 5: Loan funds are sent electronically to Shasta College
Step 6: Shasta College mails the loan check to the borrower after all applicable fees are deducted and enrollment status verified.
If you have any questions about the application process, please contact the Financial Aid Office at (530) 242-7700 or send us an email at finaidinfo@shastacollege.edu