Application Period for Direct Loans

  • Fall 2022 - Spring 2023 Application Deadline: Friday, April 14, 2023
  • Attending Fall 2022 Only: Wednesday, November 9, 2022

How to Apply

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

1. 2022-2023 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.

If any of the above items (#1-3) are not complete, your loan request will be rejected.

4. A “Counselor Approved” Educational Plan

  • Must include the Fall 2022 and/or Spring 2023 semesters. Loans will only be awarded for semesters included in your ed plan.
  • Must include:
    • 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.
    • Your counselor must notate each prior college in the Notes section of the Approved Ed Plan, and detail 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 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.

To avoid any delays, all above items must be completed prior to submitting a Loan Request. Please note, it can take up to 8-weeks from the date you submit 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!

5. Submit a Loan Request by logging in to Financial Aid via MyShasta on or after July 5, 2022

Refusing to originate a loan or originating for less than maximum eligibility
HEA Sec.479(A)(c), 34 CFR 685.301(a)(8), DCL GEN-11-07

Shasta College, on a case-by-case basis, may refuse to award a loan or award a loan for less than maximum eligibility, as long as those refusals do not constitute a pattern or practice that denies access to borrowers because of race, sex, color, income, religion, national origin, age, or handicapped status. If such a decision is made for your loan request, you will be given a written explanation via email. 

Requirements for Loan Disbursement

  • Accept your Direct Loan Award(s) in MyShasta
  • 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).
  • 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).
  • 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.
    • If you are in late start classes, you must have begun attending at least 3 units prior to receiving a loan disbursement.

These are Federal Student Aid requirements for loan disbursement. Under no circumstances will loan disbursement be made unless these are met.

After Graduation or Leaving Shasta College

  • 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.