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  2013-2014 Federal Direct Loan Authorization Form  

 

Your Award Letter outlines your eligibility for the Federal Direct Loan Program (Subsidized and/or Unsubsidized). If you wish to borrow under the Direct Loan Program, please complete this form and click Submit at the bottom of this page.

 

Step 1 - Demographic Information

 

Last Name:       First Name:  

Perm. Address:       City:  

State:       Zip:       Phone:  

Email:       SSN(Last Four):     or Student ID:  

 
Step 2 - Review your NCC bill and your Award Letter to decide how much to borrow for the 2013-2014 Year
You must indicate an amount on each line. If you do not wish to borrow you must enter 0.
If a Federal Subsidized Direct Loan is on your award letter, how much do you wish to borrow for the full year

If I do not qualify for the subsidized loan requested above due to my enrollment level or additional aid received, I authorize NCC to process an unsubsidized loan for the same amount. (Yes or No)    Yes No

If a Federal Unsubsidized Direct Loan is on your award letter, how much do you wish to borrow for the full year

Step 3 - Other types of assistance

 

I will be receiving the following types of assistance for my educational costs for the 2013-2014 school year:

   Vocational Rehabilitation benefits in the amount of  


   Workforce Investment Act (WIA) beneits in the amount of  


   Other (any scholarships, tuition reimb., etc. Do NOT list any federal aid such as the Pell Grant or loans)

Source:      

Source:      

 

Step 4 - Answer the following

 

Will you be graduating from NCC in December 2013?    Yes No

 

Step 5 - Your Rights and Responsibilities regarding your Federal Student Loan

 
1. I understand I must be enrolled at least half-time (6 credit hours) each term I plan to receive loan proceeds.
2. I understand that federal regulations require multiple disbursements of all loan funds.
3. I understand that all loan funds will first be credited to my student account.
4. I understand that if this is the first loan I am borrowing at NCC, I am required to complete entrance counseling. If I fail to do so, my loan will be cancelled and the funds will be returned to the lender.
5. I understand that I may lose financial aid eligibility if I am not attending classes.
6. I understand that if I am not maintaining satisfactory academic progress my future loans will be cancelled.
7. I understand that when requesting a Direct Loan, the loan information will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.
By placing your initials here, you acknowledge that you understand your rights and responsibilities.  

It is recommended that you print a copy of this form for your records before submitting.

 

Step 6 - Submit Loan Authorization Form by clicking on Submit button.

 
NEW BORROWERS REMEMBER TO GO TO www.studentloans.gov AND COMPLETE YOUR MASTER PROMISSORY NOTE AND YOUR DIRECT LOAN ENTRANCE COUNSELING!