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Financial Aid Programs

2016-17

BOARD OF GOVERNORS WAIVER (BOGW)

Enrollment Fee Waiver
(Does not pay the Health Fee)

As of 2016/2017, all students interested in applying for a BOGW must submit a FAFSA or CA Dream Act application.

The state funded Board of Governors Waiver provides funds to help low income students pay the enrollment fee. The enrollment fee is $46.00 per unit. The enrollment fee is subject to change based on California legislation. Students can only receive a BOGW during the academic year in which they apply.

You will be eligible for a BOGW if you are a California resident and any one of the following applies to your status at the time of enrollment:
•    You have already qualified for financial aid such as a Federal Pell Grant or a Cal Grant.
•    You or your family receiving TANF (Temporary Assistance for Needy Families), or SSI (Supplemental Security Income), SSP (State Supplemental Program) or General Assistance/General Relief.
•    You meet the Department of Veterans Affairs eligibility requirement of “certain disabled veterans or the dependents of certain deceased or disabled veterans.” You will have to apply to the Department of Veteran Affairs and obtain a letter of certification.
•    You are a dependent of a deceased or disabled veteran of the California National Guard. You must submit a letter of certification by the California National Guard Adjutant General’s Office.
Additionally, you may qualify for special circumstances if you meet specific income standards. Please consult your Financial Aid Office if you are unable to fill in a FAFSA or CA Dream Act Application.

You may also be considered an independent student and have you eligibility for the Board of Governor’s Waiver based on specific income standards, if:
•    You do not live with your parents, AND
•    You were not claimed as an exemption on any Federal income tax filed by your parents in 2015, AND
•    Your income is below $17,655.00
NOTE: Effective Fall 2016 semester, students who have not met the college’s Satisfactory Academic Standards for two consecutive terms will no longer qualify for a BOGW the following term. This is based on new State regulations. Academic/Lack of Progress Probation is determined two ways.
•    Lack of Progress – is determined by the number of “W”, “I”, “NP” grades, you must complete 61% of units attempted to maintain good standing.
•    Grade Point average – you must maintain a minimum 2.0 grade point average at all times.

FEDERAL PELL GRANT

Filing deadline: June 30, 2017 or your last day of classes (whichever comes first)

The Federal Pell Grant Program is the largest Federal grant program and is the foundation of your total aid “package.” Eligibility is determined by the federal government using a standard formula for all applicants. Grant amounts may range from $583 to $5,815 per year. A Federal Pell Grant is awarded based on full time enrollment (12 or more units per semester). If you enroll in less than 12 units, your payment will be adjusted accordingly. Beginning on July 1st, 2012, ALL federal Pell grant recipients are subject to Pell Grant eligibility for a maximum of 12 semesters (6 years) of grant disbursed as a Full Time student. If you have a bachelor’s degree, you are not eligible for a Pell Grant.

BOOKSTORE ACCOUNT

Prior to the beginning of each semester, a portion of your Federal Pell Grant can be allocated to an account in the bookstore up to a maximum of $896, (must be a California Resident). The money in your account may be used to purchase books and supplies.
BUS PASS
You may be able to purchase a reduced-priced bus pass as your campus Accounting Office using your Pell Grant funds as well during the time that the Bookstore Accounts open. Please check with the Financial Aid Office on your campus for eligibility information.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)

Deadline to apply: April 15, 2016

The Federal SEOG program is designed to assist students with the lowest family contribution (EFC) by supplementing other financial aid sources. If you have a bachelor’s degree, you are not eligible for the FSEOG.

FEDERAL WORK STUDY (FWS)

Deadline to apply: April 15, 2016

FWS gives you the opportunity to earn part of your financial aid by working in an assigned job, either on or off campus. The salary received is at least equal to the current minimum wage, but many FWS jobs pay more than minimum wage. As you work on the job, you submit time cards for the hours worked, just as you would at a regular job. Once a month you receive a paycheck for the hours worked the previous month. Once you have earned the amount allocated in your Federal Work Study award, or you cease to be enrolled in 6 or more units at your Financial Aid campus, your job ends. Federal Work Study awards may range up to $5,000 per year.

CHAFEE GRANT PROGRAM

The Chafee Grant is a federal program that is administered by the California Student Aid Commission to provide financial assistance to former Foster Youth. The applicant must be certified by the State Department of Social Services of their Foster Youth status until age 16. The grant has no citizenship requirement; however, non-citizens without a valid Social Security Number must call the CSAC for additional steps and information. The program awards a maximum of $5,000 per academic year. Renewal applicants must maintain satisfactory academic progress as defined by the school. Former foster youth must complete a separate application at: https://www.chafee.csac.ca.gov/SupportFiles/Chafee_FosterCareEligibilityForm.pdf

CAL GRANT A

This program, administered by the California Student Aid Commission (CSAC), helps low and middle income students with tuition/fee costs. Cal Grant A funds are not available until you transfer to a four year college.

New Cal Grant Applicants must have their GPA sent to CSAC by the March 2, 2016 deadline.

CAL GRANT B

This program, administered by the California Student Aid Commission (CSAC), helps low income students attend college. You must be a California resident as of March 2, 2016. If you are transferring to a 4-year institution you may be considered for a special Cal Grant B. Grant amounts may be as much as $1656 per year. Award amounts may be adjusted by the California State Legislature.

New Cal Grant applicants must have their GPA sent to CSAC by the March 2, 2016 deadline.

CAL GRANT C

Filing deadline for new applicants: March 2, 2016
Cal Grant C is another program administered by the California Student Aid Commission for California residents who are enrolled in a vocational program and are from a low or middle income family. You must be a California resident as of March 2, 2016. Grant amounts range up to $547. New Cal Grant applicants must have their GPA sent to CSAC by the March 2, 2016 deadline. If you have a bachelor’s degree, you are not eligible for a Cal Grant A, B, or C.
The Cal Grant Program is not available to students accepted into the Comprehensive Transitional Program C2C.

FEDERAL DIRECT LOAN PROGRAM

The Federal Direct Loan is a federal loan program where you borrow directly from the Federal Government. The interest rate for new loans is a fixed rate which is currently
3.76% for loans disbursed from July 1, 2016 to June 30, 2017. Please check with the Financial Aid Office for the interest rates for the 2016-2017 school year. New Federal
regulations require schools to disburse loans only after the signed Promissory Note has been accepted. You are required to pay the Dept. of Education loan processing fees that are currently 1.068%. The fees are deducted from the proceeds of your loan.

For new loans first disbursed on or after July 1, 2012 through June 30, 2014, the federal government will no longer subsidize (pay) the student loan interest during the six month
grace period. The grace period is the time between when the student graduates or drops below half-time status and the time when the student must start repaying the loan. Students are encouraged to check with their Loan Servicer for any available options to assist with their loan repayment.

To qualify, a student must be enrolled in at least six units, demonstrate Satisfactory Academic Progress for Financial Aid Recipients and must demonstrate financial need through the federal methodology using the FAFSA application. To apply for a Federal Direct Loan, students must complete a mandatory loan entrance counseling session. Students must contact the Financial Aid Office or visit the College website for application procedures.

You may complete the entrance counseling session on-line at: www.studentloans.gov

The Financial Aid Office will be notified when the session has successfully been completed. In addition, you must fill out a Loan Request Form from your Financial Aid Office. You must complete an on-line multi-year Master Promissory Note at: www.studentloans.gov.

You may also be required to submit an Educational Plan and be enrolled at the campus of your declared major. Please ask your Financial Aid Office for more information. The actual loan amount for which you are eligible will be determined by the Financial Aid Office. Funds will be disbursed twice per loan period.

If you are a first-time student or borrower, your check will not be disbursed until at least 30 days after the start of the semester. If you have “Late Start” classes, for loan funds to be disbursed, you must be actively attending classes in at least six units.
Congress approved a new lifetime limit on Subsidized Direct Loans for subsidized loans disbursed on or after July 1, 2013. Students will be limited to 150% of subsidized loan eligibility based on their program.

What does this lifetime limit mean for students?
The 150% change means students in a four-year program will be eligible for subsidized student loans for the equivalent of six years or three years for students in a two-year
program. The San Diego Community College District is approved as a two-year program. The student who reaches this limitation could continue to receive unsubsidized Stafford
loans if he or she is otherwise eligible (for example, has not run afoul of the school’s satisfactory academic progress requirements, or is in a group that is not eligible for an
unsubsidized loan in the San Diego Community College District). However, if a student reaches the limitation, at that point, the subsidized loans borrowed lose their “subsidized”
status.
The Student Loan Program is not available to students accepted into the Comprehensive Transitional Program C2C.

UNSUBSIDIZED LOAN (UNDER EXPERIMENTAL SITE PROVISIONS - ELIMINATION FOR CERTAIN GROUPS OF STUDENTS)

Effective within the 2012-2013 school year, San Diego City College along with Mesa College and Miramar College has been approved by the U.S. Department of Education
to participate in an experimental initiative regarding “Overborrowing” that allows our college to reduce or eliminate Unsubsidized Loan eligibility and borrowing for
certain groups or categories of students. Based on this initiative, the following groups or categories of students will not be eligible to borrow Unsubsidized Loans:

1st Year Students
•    1st year is defined as students who have completed less than 24 units in their current program or major based on their educational plan.
•    Units that will be counted towards the 24 units will be units that fulfill the major, general education and district requirements for the current program or major based on the educational plan.
•    Units that will not be counted towards the 24 units are units that are basic skills or remedial, ESOL, electives or any other units that are not applicable to the current program or major based on the educational plan.

Students Approved on a Financial Aid Appeal
Students who have an “Unsatisfactory” status (Disqualified) for any reason and who are approved on appeal will not be eligible for an Unsubsidized Loan.

PLUS LOAN

If you are a dependent undergraduate student, your parents may borrow from the PLUS loan program. The amount borrowed may be up to the Cost of Education (page 6) minus
any financial aid. Checks will be mailed to the borrowing parent. Parents must begin repayment within 60 days of receiving the full disbursement of the loan. The interest
rate is a variable rate determined on June 1 for the following award year. The student must file a FAFSA and meet all other financial aid eligibility requirements, including an
online application through STUDENTLOANS.GOV. Please contact your campus Financial Aid office or web page for detailed instructions.

ENTRANCE AND EXIT LOAN COUNSELING
Federal regulations require that all student loan applicants complete an entrance counseling session (see Federal Direct Loan Program) and if you cease to be enrolled in at least 6 units with the San Diego Community College District you must complete an
exit loan counseling session. It is your responsibility to notify your Financial Aid Office if you drop below 6 units during the semester. At the time of the counseling session you
will be given information about your loan obligations and repayment options. You may complete the exit counseling session online at: http://www.studentloans.gov

Disclaimer
The above Information is subject to change as required by new Federal, State or institutional policies and regulations.

2015-16

BOARD OF GOVERNORS WAIVER (BOGW)

State law requires that students attending the college pay an enrollment fee. Students enrolled in credit classes are currently required to pay $46 per unit. The college offers the Board of Governors Waiver BOGW online application, (or a print and return form) a state-funded program which waives the enrollment fee for all eligible students.

Effective with the 2015-2016 school year, you must apply for a Board of Governors Fee Waiver using the FAFSA or California DREAM Act application.

You can complete a paper BOG Fee Waiver application if you meet one of the following conditions:

  • You are receiving TANF (Current documentation must be submitted)
  • You are receiving SSI (Supplemental Secruity Income) (Current documentation must be submitted)
  • You are in Default of a student loan
  • You are not able to provide Parental Information
  • You are considered Independent for BOG Fee Waiver purposes only
Important Notice

The BOG Fee Waiver will no longer pay your student health fee charges unless you qualify for a BOG Fee Waiver as a recipient of TANF/CalWORKS, SSI/SSP (Supplemental Security Income/State Supplemental Program) or General Relief (BOG A methodology). The health fee is currently $19 per semester (Fall and Spring) and $13 for Summer. When registering for classes on ClassTalk or Reg-e, it is very important to process your payment for all fees including the health fee immediately before exiting the system to avoid being dropped from classes.

Bog Based on fafsa

If you file a FAFSA, you may qualify for a BOG Fee Waiver if you have $1,104 of financial need after subtracting your Estimated Family Contribution (EFC) from your Cost of Attendance (COA).

BOG Based on income standards

To determine your eligibility for the Board of Governor's Waiver based on the above income standards, you will be considered independent if:

  • You are 24 years of age or older (Born before January 1, 1992).
  • You are married or in a RDP (Registered Domestic Partnership)
  • You have children or other dependents that will receive more than half of their support from you through June 30, 2016
  • When you were age 13 or older, both of your parents were deceased, you were in foster care or you were a dependent/ward of the court
  • As of today, you are an emancipated minor as determined by court in your state of legal residence
  • As of today, you are in a legal guardianship as determined by court in your state of legal residence
  • At any time on or after July 1, 2012, your high school or school district homeless liaison determined that you were an unaccompanied youth who was homeless
  • At any time on or after July 1, 2012, the director of an emergency shelter program funded by the U.S. Department of Housing and Urban Development determined that you were an unaccompanied youth who was homeless
  • At any time on or after July 1, 2012, the director of a runaway or homeless youth basic center or transitional living program determined that you were an unaccompanied youth who was homeless or were self-supporting and at risk of being homeless
  • You are a veteran of the U.S. Armed Forces or currently serving on active duty for purposes other than training
  • You do not live with one or both of your parents
  • You were not claimed as an exemption on any federal income tax filed by your parents or RDP in 2014
ab540 students

Eligibility for the Board of Governor's Fee Waiver (BOGW) at the California Community Colleges became effective in January 2013. Eligibility for Cal Grant became effective for the 2013-2014 school year. AB540 students can complete the regular BOG Fee waiver application for the 2015-2016 school year or they may complete the California DREAM Act application.

To complete the California DREAM act Application, click this link CA DREAM Act Application.

IMPLEMENTATION OF THE CALIFORNIA DOMESTIC PARTNER RIGHTS AND RESPONSIBILITIES ACT

Recent legislation (Assembly Bill 205) extends new rights, benefits, responsibilities and obligations to individuals in domestic partnerships registered with the California Secretary of State under Section 297 of the Family Code. If you are in a Registered Domestic Partnership (RDP), you will be treated as an Independent married student to determine eligibility for this Fee Waiver and will need to provide income and household information for your domestic partner. If you are a dependent student and your parent is in a Registered Domestic Partnership, you will be treated the same as a student with married parents and income and household information will be required for the parent's domestic partner.

**These new provisions apply to state funded student financial aid ONLY, and not to federal student financial aid.

2015–2016 Income Standards
Family Size 2014 Income
1 $17,505
2 $23,595
3 $29,685
4 $35,775
5 $41,865
6 $47,955
7 $53,045
8 $59,445
Each Additional Family Member: +$6,030

These standards are based upon the federal poverty guidelines, as published each year by the US Department of Health and Human Services. Under Title 5 of the California Code of Regulations, the income standards for the BOGW program is equal to or less than 150% of the federal poverty guidelins for the base year

 

These income standards are for the 2015-2016 academic year and are to be used to determine BOGFW-B eligibility EFFECTIVE with the Fall 2015 semester through the Summer 2016 semester.

You may also print out the BOGW application by visiting Student Web Services at 

FEDERAL PELL GRANT

For the 2015–16 academic year, the maximum Pell Grant is $5,775 based on full-time enrollment for the school year (Fall 15 and Spring 16). Pell Grant awards are adjusted if you enroll in less than 12 units per semester.

For the 2015–16 academic year, the enrollment status for each semester including summer is:

Full time 12 or more units
¾-time 9–11.5 units
½-time 6–8.5 units
Less than ½-time Less than 6 units

Your enrollment status will be frozen after the add/drop period each semester and will be the basis for your Pell Grant disbursement. Once your Pell Grant award has been processed and your enrollment status for the semester has been determined it will not be adjusted if you add units after the freeze date. The freeze dates for the Fall and Spring semesters along with the main disbursement dates are posted in the "Disbursements Dates" section.

Pell Lifetime Eligibility

New Regulations effective July 1, 2012 limits the receipt of a Pell Grant to a lifetime limit of up to 6 full-time years (600%). This includes community colleges, vocational schools and four year public and private universities. This limit will be tracked by the U.S. Department of Education.

Regardless of the Pell Grant amount, if you receive the full year amount then you have received 100%. For example, your Pell Grant for the year is for $4,000 and you receive $2,000 in Fall, $1,000 in Spring and the remaining $1,000 in Summer. You have received the entire $4,000 or 100% for the year.

The 600% total eligibility applies at all schools and colleges. However, once you have earned a Bachelor's Degree, you are no longer eligible for a Pell Grant even if you haven't received the entire 600% eligibility. And you must also meet and maintain satisfactory academic progress standards to remain eligible each year.

 

FEDERAL WORK STUDY (FWS)

FWS gives you the opportunity to earn part of your financial aid by working in an assigned job, either on or off campus. The salary received is at least equal to the current minimum wage, but many FWS jobs pay more than minimum wage. Federal Work Study differs from the other programs in that you are allocated a certain amount of money to earn. As you work on the job, you submit time cards for the hours worked, just as you would at a regular job. Once a month you receive a paycheck for the hours worked. Once you have earned the amount allocated in your Federal Work Study award, your job ends. Federal Work Study awards may range from $2,500 to $4,000 per year.

 

CAL Grants

The Cal Grant program is administered by the California Student Aid Commission (CSAC) to help low-income students attend college. For the 2015-2016 school year, the maximum Cal Grant B award will be $1,656 and the maximum Cal Grant C award will be $547. CSAC determines the initial eligibility for Cal Grant awards.

CAL GRANT B ELIGIBILITY
  • You must be a California resident
  • You must be pursuing an undergraduate academic program of not less than one academic year
  • You must have financial need
  • You must have a high school diploma (this includes passing the California High School Exit Exam)
  • You must be enrolled in at least 6 units every semester in order to receive a Cal Grant disbursement
  • You must meet and maintain Satisfactory Academic Progress as defined by the Financial Aid Office
CAL GRANT C ELIGIBILITY
  • You must be a California resident
  • You must be enrolled in a vocational program
  • You must have financial need
  • You must have a high school diploma (this includes passing the California High School Exit Exam)
  • You must be enrolled in at least 6 units every semester in order to receive a Cal Grant disbursement
  • You must meet and maintain Satisfactory Academic Progress as defined by the Financial Aid Office

 

STUDENT SUCCESS GRANT (FTSSG)

Student who meet the following criteria will be eligible for the new FTSSG award for Fall 2015 and/or Spring 2016.

  • Must be enrolled full-time (12 units or more)
  • Must have been awarded a Cal Grant B and paid at full-time status
  • Must meet all other Federal/State financial aid requirements

Eligible students will be awarded $300 for each semester of eligibility. The Fall 2015 FTSSG payment will paid later this month (November).

 

APPLICATION DEADLINES

March 2, 2015

This is the deadline date for high school students to apply for entitlement grants and for college students to apply for competitive grants. All students must file a 2015-2016 FAFSA and submit a GPA verification to CSAC by the deadline. Miramar College students who have completed 24 transferable units will have their GPA automatically calculated and submitted to CSAC.

September 2, 2015

This is the deadline date for community college students only to apply for a competitive grant. All students must file a 2015-2016 FAFSA and submit a GPA verification to CSAC by the deadline. Miramar College students who have completed 24 transferable units will have their GPA automatically calculated and submitted to CSAC.

CAL GRANT FREEZE DATE

If you enroll in less than 12 units per semester your Cal Grant payment will be adjusted. Cal Grant disbursements will be based on your enrollment status as of a set date each semester, known as the "freeze date". If you add units after these dates you will not receive a payment increase or any additional payments.

If you are awarded during the semester and the semester "freeze date" has passed, your enrollment status will be determined and frozen based on the date of your actual disbursement. Please refer to the Disbursement/Payment Dates section on our website for more information and the specific Freeze date for each semester.

 

WILLIAM D. FORD FEDERAL DIRECT LOAN

The Federal Direct Loan is a federal loan program where you borrow directly from the Federal Government. Congress approved to maintain interest rates for Direct Loans at 4.29% for loans disbursed between July 1, 2015 and July 1, 2016. New Federal regulations require schools to disburse loans only after the signed Promissory Note has been accepted. You are required to pay the Dept. of Education loan processing fees that are currently 1.068%. The fees are deducted from the proceeds of your loan.

To qualify, a student must be enrolled in at least six units, demonstrate Satisfactory Academic Progress for aid recipients and must demonstrate financial need through the federal methodology using the FAFSA Application. To apply for a Federal Direct Loan, students must complete a mandatory loan entrance counseling session. The counseling session is required even if a student has attended a Stafford loan workshop in the past. If a student has attended a Direct Loan workshop at San Diego City, Mesa, Miramar Colleges in the past, it will not be necessary to conduct another entrance counseling session. You may complete the entrance counseling session on-line at: http://www.studentloans.gov.

The Financial Aid Office will be notified when the session has successfully been completed. In addition, you must fill out a Loan Request Form available from your Financial Aid Office. You must complete an on-line multi-year Master Promissory Note at: http://www.studentloans.gov.

You may also be required to submit an Educational Plan and be enrolled at the campus of your declared major. Please ask your Financial Aid Office for more information. The actual loan amount for which you are eligible will be determined by the Financial Aid Office. Checks will be disbursed twice per loan period. If you are a first-time student or borrower, your check will not be disbursed until at least 30 days after the start of the semester. If you have "Late Start" classes, for loan funds to be disbursed, you must be actively attending classes in at least six units.

Subsidized Direct Loan Lifetime Eligibility
(Effective July 1, 2013 for New Borrowers only)

As Part of last year's agreement to keep interest rates at 3.4% for 2012-2013, Congress approved a new lifetime limit on receiving Subsidized Direct Loans. This new limit applies to new loan borrowers only. If a student previously borrowed a Subsidized loan from any college before July 1, 2013, this limit does not apply to them.

For new loan borrowers with loans disbursed on or after July 1, 2013, these students will be limited to 150% of Subsidized loan eligibility based on the length of their program. For example, a student is enrolled in a 2 year program at San Diego Miramar College. The student will only have 3 years of Subsidized loan eligibility and after the third year the student will no longer be eligible for a Subsidized loan at our school.

Click here for additional information on the 150% loan limit.

Experimental Site Initiative:

Effective with the 2012-2013 school year, San Diego Miramar College (along with Mesa College and City College) have been approved by the U.S. Department of Education to participate in an experimental initiative regarding "Overborrowing" that allows our college to reduce or eliminate Unsubsidized Loan eligibility and borrowing for certain groups or categories of students.

The following groups or categories of students will not be eligible to borrow Unsubsidized Loans:

  1. 1st Year students
    • 1st year is defined as students who have completed less than 24 units in their current program or major based on their educational plan.
    • Units that will be counted towards the 24 units will be units that fulfill the major, general ed and district requirements for the current program or major based on the educational plan.
    • Units that will not be counted towards the 24 units are units that are basic skills or remedial, ESOL, electives or any other units that are not applicable to the current program or major based on the educational plan.
  2. Students approved on Appeal
    • Students who have an "Unsatisfactory" status for any reason and who are approved on appeal will not be eligible for an Unsubsidized Loan.
 

Federal Direct PLUS Loan

The Federal Direct PLUS Loan is a federal loan program where parents of dependent undergraduate students may borrow directly from the Federal Government instead of from a bank or other lending institution. A Federal Direct PLUS loan is an unsubsidized loan that is charged interest during all periods. A parent may borrow up to the cost of attendance minus all other financial assistance.

Parent & Student Eligibility Requirements for a Direct PLUS Loan
  1. Parent must be the student's biological or adoptive parent, or
  2. Be the student's stepparent, if the biological or adoptive parent has remarried at the time of application
  3. Student must be a dependent of the parent. For financial aid purposes, a student is considered "dependent" if he or she is under 24, unmarried, and has no legal dependents at the time the Free Application for Federal Student Aid (FAFSA) is submitted
  4. Student must enrolled in and maintain at least half-time at a school that participates in the Direct Loan Program
  5. Student must meet & maintain satisfactory academic progress requirements, per SAP policy for financial aid
  6. Parent must have a favorable credit history (a credit check will be done)
  7. Both parent & student must be U.S. citizens or be eligible noncitizens
  8. Both parent & student must not be in default on any federal education loans and/or owe an overpayment on a federal education grant
Applying for a PLUS Loan and the Electronic Master Promissory Note (eMPN)

The Application Process

  1. Student completes a 2014–15 FAFSA online at http://www.fafsa.gov
  2. Parent completes the 4-step PLUS Application process electronically online at www.studentloans.gov which will involve:
    • Consenting to a credit check
    • Signing an eMPN, requiring your Department of Education-issued PIN (not your child's). If you do not have a PIN, you may request one from the official PIN site
    • An eMPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the Department. It also explains the terms and conditions of your loan(s)
    • If approved, your PLUS request will be provided to the schools you selected during the application process
    • The eMPN is a multi-year document. It will be valid for up to 10 years at San Diego Miramar College and you will not have to complete and sign a new eMPN every year
  3. You'll receive a disclosure statement that gives you specific information about any loan that the school plans to disburse under your MPN, including the loan amount and loan fees, and the expected loan disbursement dates and amounts
Credit Check & Endorser Alternative
  1. If you are found to have an adverse credit history, you will be provided with several different options. One of these options will allow you to obtain an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the Direct PLUS Loan if you do not repay the loan. The endorser may not be the student on whose behalf a parent obtains a Direct PLUS Loan.
  2. If you choose to obtain an endorser, he/she will need to apply for their own Department of Education-issued PIN and then visit www.studentloans.gov to endorse your PLUS loan. You will need to provide your endorser with the loan reference number provided at the time you complete the PLUS Application process.
Interest Rates

The interest rate for Direct PLUS Loans is a fixed rate of 6.41% Interest is charged on Direct PLUS Loans during all periods, beginning on the date of your loan's first disbursement.

How a loan is disbursed (paid out)

  • Generally, your loan will be paid out in two disbursements to you, for example, at the beginning of each semester of the academic year.
  • Checks will be mailed directly to the parent after the eMPN is signed. Parents must begin repayment within 60 days of receiving full disbursement of the loan.
Using the loan for education expenses

You may use the loan money you receive only to pay for your child's education expenses at the school that is giving you the loan. Education expenses include school charges such as tuition, room and board, fees, and indirect expenses such as books, supplies, equipment, dependent child care expenses, transportation, and rental or purchase of a personal computer.

 

ALTERNATIVE LOANS

Alternative loans are private loans through a lending institution and are not part of the federal government programs. Alternative loans are more expensive than federal government Direct Loans or FFEL loans and should only be used when all other options have been exhausted.
You will need to complete a FAFSA application before our office can certify an Alternative Loan application.

Be sure to research all possibilities for scholarships, grants, Work Study, and federal loan programs before borrowing from an alternative loan program.
You are always free to choose the lender of your choice. Choose the loan that best suits your needs and remember to borrow only what you need!

 

EXIT LOAN COUNSELING

Federal regulations require that if you cease to be enrolled in at least 6 units with the San Diego Community College District you must attend a loan counseling session. It is your responsibility to notify the Financial Aid Office if you drop below 6 units during the semester. At the time of the counseling session you will be given information about your loan obligations and repayment options. You may complete the exit counseling session online at http://www.dlssonline.com.

 

DIRECT LOAN REPAYMENT OPTIONS

There are several different ways to repay a Federal Direct Loan.

  1. Standard repayment plan has a fixed monthly repayment amount for a fixed period of time, usually 10 years.
  2. All extended repayment plan has a lower fixed monthly payment amount, and loan repayment can be extended from 12 to 30 years depending on the amount borrowed.
  3. Graduated repayment plan usually begins with lower monthly payments; then payment amounts increase at specified times. Payments may be for the usual 12-year period, or they may be extended up to 30 years depending on the amount borrowed.
  4. Income-contingent repayment plan sets annual repayment amount based on the borrower's income after leaving school. The loan is repaid over an extended period of time, not to exceed 25 years. Any amounts not repaid after 25 years will be discharged but the amount discharged must be reported on your tax return.

If you have previously borrowed under the FFELP and your school now participates in Direct Loans, you may have a combination of FFELP and Direct Loans. When your loans enter repayment, FFELP and Direct Loans can be consolidated into either a Federal Direct Consolidation Loan or a FFELP Consolidation Loan.

Disclaimer

The above Information is subject to change as required by new Federal, State or institutional policies and regulations.

San Diego Miramar College

10440 Black Mountain Road

San Diego, CA 92126-2999

619.388.7800

San Diego Community College District

San Diego City College

San Diego Mesa College

San Diego Miramar College

San Diego Continuing Education

 

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