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Direct Loan Affirmation Form

*** Please read carefully as this form and loan requirements have changed! ***

A Direct Loan Affirmation Form is submitted SEMESTERLY and you will need to do a new form for each term in which you wish to receive loan funding. We will only accept loan forms for a specific term within the date provided below.

 

*PLEASE DO NOT SUBMIT A LOAN FORM EARLY, THEY WILL NOT BE PROCESSED*

 

Loan Form Start Dates

Loan Form End Dates

Fall

July 17, 2023

Nov 14, 2023

Spring

December 8, 2023

April 19, 2024

Summer

TBA

TBA




Example: C00123456







Beginning with the 2021-2022 school year, ALL BORROWERS ARE NOW REQUIRED to complete the Annual Student Loan Acknowledgement & Master Promissory Note each year they wish to receive loan funding. Visit STUDENTAID.GOV under the ‘Complete Aid Process’ tab to complete your Acknowledgement and attach a confirmation of completion below. You will be required to complete a new acknowledgement with each loan form you submit.






Beginning with the 2021-2022 school year, ALL BORROWERS ARE NOW REQUIRED to complete the Annual Student Loan Acknowledgement & Master Promissory Note each year they wish to receive loan funding. Visit STUDENTAID.GOV under the ‘Complete Aid Process’ tab to complete your Acknowledgement and attach a confirmation of completion below. You will be required to complete a new acknowledgement with each loan form you submit.



**All loans will be split evenly and disbursed in 2 separate payments to the student’s account.**

Please allow up to 15 business days for processing upon submission.



The maximum amount you may borrow in a single academic year is shown in the table below. An academic year begins with the fall term and ends with the summer termPlease note that these are yearly maximum limits, and you will not be able to receive any of these amounts in a single semester. Loan eligibility is calculated by subtracting any education-based funding you are expected to received from your total cost of attendance for the semester. Total financial aid, including loans, may never exceed your cost of attendance budget for the semester. 

*Please keep in mind, if you are planning on taking summer classes, if you borrow the maximum amount of eligible loan funding for Fall and Spring, you may be limiting your eligibility for the Summer – this is especially true for Dependent Students!

**Additionally, summer budgets are always smaller than fall and spring budgets! Therefore, the maximum eligibility for the Summer Term will be less than Fall or Spring eligibility.

TEST

Select the Term for which you are applying to receive loan funding:

 

Please check term application START and END dates above! Reminder: Forms for a specific term that are received before or after the START and END dates will not be processed!


Enter an amount for your loan OR request to accept maximum term eligibility.

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If you enter a specific amount that is greater than your maximum eligibility, you will only receive your maximum eligible amount!




Your loan disbursement dates may be later than the disbursement dates posted for full-term courses if you are also enrolled in any mini-semester courses.

BY SUBMITTING THIS FORM, I CERTIFY THAT I HAVE READ AND I UNDERSTAND THE FOLLOWING TERMS; PLEASE INITIAL EACH TERM TO SIGNIFY YOUR AGREEMENT:


















Logging onto studentaid.gov regularly will allow you to monitor your loan debt and see to whom you will need to repay your loans, also known as your loan servicer, which is assigned to you by the U.S. Department of Education.

PLEASE TYPE YOUR NAME BELOW TO CERTIFY YOU HAVE READ, UNDERSTOOD, AND INITIALED THE ABOVE TERMS:


Additional documentation may be requested if the documents provided are insufficient for processing. If you fail to provide any requested documentation, your request will not be processed.

If you have any questions, contact Financial Aid at finaid@cctech.edu or (803) 778-7850.
By clicking the "Apply" button below, I certify that the information submitted on and within this form is accurate and complete.
Please ensure you have entered your student ID number correctly (ex. C00123456), as well as your myCCTC email address to submit this form.