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Financial Aid Steps Official Award Letter Official Information Important Dates General Information
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Student Loans
Central Lakes College participates in the William D. Ford Direct Loan program for your Federal Subsidized and Unsubsidized loan(s) and Federal PLUS (Parent Loan for Undergraduate Student) loans. Federal Direct Subsidized and Unsubsidized Loans: The last day to apply for student loans for the 2010-11 school year is: Summer Semester - Most programs, Tuesday, July 26, 2011 Federal Direct PLUS (Parent Loan for Undergraduate Student) A PLUS loan can be an option in two different situations: first, the parent would like to borrow money to help fund their child's education; second, a parent has a poor credit history. If a parent with poor credit history applies for a PLUS loan and is denied the student may be awarded additional Unsubsidized Federal Direct loan. Your child's Official Award letter at E-Services will show the maximum PLUS loan eligibility for the whole academic year. You can borrow a lesser amount if you choose. A parent of a dependent college student may be eligible to borrow a Federal Direct PLUS loan. It has a fixed interest rate of 7.90%. The borrower is responsible for all interest. Parent may borrow up to full cost of students education less any other financial aid the student receives. Repayment begins 60 days after the full amount of loan funds are disbursed and in most cases is expected to be repaid in 10 years. The Department of Education is the lender. You can contact them with repayment questions. ** The CLC Financial Aid Office will be notified of your PLUS Master Promissory Note(MPN) approval or denial. ** Your child will be able to see when the PLUS loan funds have applied to his or her account through E-Services under "Bills and Payments". Would you like to proceed to the PLUS loan online process? You will have the option to choose to complete the Federal Direct PLUS loan application or request that CLC just do a credit check for you. B. If you have not already done so, complete the Federal Direct PLUS Loan MPN (Master Promissory Note) at StudentLoans.gov. Option 2: To request just a credit check to determine if your child may be eligible to borrow additional Unsubsidized Federal Direct loan just click on this link to the Federal Direct PLUS Loan Request form and complete the "Credit Check Only Confirmation Request" section sign, notarize and mail to the CLC Financial Aid Office.
NEW - Special Direct Consolidation Loans (only available from January 1 - June 30, 2012) Loan Counseling Do not use these links unless you have specifically been instructed by a member of the CLC Financial Aid Office or a letter you may have received directing you here. Federal Stafford and Direct Loans Federal Perkins Loans
STUDENT LOAN CONTACT INFORMATION
www.dl.ed.gov To view information about your direct loans or to update personal information. www.nslds.ed.gov To view any financial aid you may have received including student loans. www.mygreatlakes.org To view some or all of your student loans with Great Lakes Higher Education. www.myfedloan.org To view some or all of your student loans with PHEAA. ACS Direct Loan Service Center 800.848.0979 ![]() Student Loan Servicer
PUT loans are Federal Family Education Loan program (FFEL) loans that have been purchased by DOE. The DOE has purchased many Stafford Student loans that were borrowed through the FFEL program. These loans will now be serviced by the DOE or a loan servicing agency referred to as the servicer. Use the information below to make contact and ask questions about your loan(s).
Student Loan Guarantors NELNET FirstMark Services (SELF Loan)
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