California public two year institutions have the lowest enrollment fees and tuition in the nation; and, Direct Loans have aggregate limitations for undergraduate students.
As such, students are advised to borrow wisely and only borrow what you need so that you have remaining funds to complete your four-year degree.
You can find more information about the loan fees and interest rebate on the Direct Loan Website: gov/Direct Loan.As a borrower, you have a right to cancel all or any part of these loans within 14 days of receiving notification from your campus of the award.
If you do wish to cancel any part of the loan, please notify your campus financial aid office and pay any outstanding balance to the Business Office immediately. For more information about Federal Student Aid for military students Click Here.
If this is your last semester, you will need to complete the exit counseling sessions prior to the second disbursement of your loan.
Exit Counseling Repayment begins six months after you graduate or cease to be at least a halftime student.
If your expenses are over and above the budget, please schedule an appointment to meet with a financial aid specialist at your campus.
Your student budget is located on your online financial aid file; log in through My OCC, My GWC, or My CCC.Credit check & endorser alternative When you apply for a Direct PLUS Loan, the Department will check your credit history.To be eligible to receive a PLUS loan, you must not have an adverse credit history.This is a loan that parents may request to assist a student with his/her costs of attendance.A credit check will be performed and used to determine the loan amount.