Application Period for Direct Loans

  • 2020-2021 Direct Loan Requests are now CLOSED
  • 2021-2022 Direct Loan Requests will be available beginning Tuesday, July 6, 2021

How to Apply

You must complete all of the following items before we can process a loan for you:

  1. 2021-22 FAFSA 
  2. Half-Time Enrollment
    • Be enrolled in at least six (6) Title IV eligible units at Shasta College, at time of loan awarding and at time of loan disbursement.
  3. Eligible SAP (Satisfactory Academic Progress) Status
    • You can view your status in Financial Aid in MyShasta.
  4. Current and Complete Educational Plan* 
    • “Current” means that it includes the Fall 2021 and/or Spring 2022 semesters. 
    • “Complete” means that the educational plan includes your:
      • Shasta College Title IV eligible Educational Goal
      • All coursework required to complete your Educational Goal 
      • All prior colleges you have attended. This is mandatory, and you will need transcripts on file. The educational plan must name each prior college and show whether or not any units apply to your educational goal. Please contact the Counseling Center at (530) 242-7724 for an appointment.
    • *The complete educational plan requirement is waived if, and only if, you are accepted into and currently taking coursework in the ADN program, Dental Hygiene program, or the Bachelor’s Degree in Health Information Management program. These programs have set admission requirements and follow a set series of coursework for completion. You may be asked to provide proof of acceptance into the program.
  5. Complete Loan Entrance Counseling (for an Undergraduate Student) at https://studentaid.gov/entrance-counseling/ 
  6. Complete the Annual Student Loan Acknowledgement Agreement at https://studentaid.gov/asla/
  7. Complete the Master Promissory Note (MPN) for a Subsidized/Unsubsidized Loan at https://studentaid.gov/mpn/subunsub/landing
  8. Submit a Loan Request by logging in to Financial Aid via MyShasta on or after 7/6/21

To avoid any delays, all items must be completed prior to submitting a Loan Request. Please note, it can take up to 8 weeks from the date you submitted your request to the time it is reviewed. If the above items aren’t complete when we review your request, you will be notified to complete any missing items and then submit another request!

Federal Requirements for All Borrowers

Master Promissory Note (MPN)

The Master Promissory Note (MPN) is a legal document in which you promise to repay your Loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

https://studentaid.gov/mpn/


Entrance Counseling

Entrance counseling ensures you understand the terms and conditions of your loan and your rights and responsibilities. You’ll learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default. If you have applied for a loan at Shasta College before, you may notice we are using a different Loan Entrance Counseling provider for 2021-22 (StudentAid.gov).

https://studentaid.gov/entrance-counseling/


Exit Counseling

You must complete Exit Counseling when you leave school or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment.

https://studentaid.gov/exit-counseling/