Loan Counseling
DELTA COLLEGE’S LOAN PROCESS
Complete the following five steps:
- 2009/2010 FAFSA
- Entrance Loan Counseling
- 2009/2010 Loan Application
- Master Promissory Note
- Exit Loan Counseling
Step 1 of 5 THE 2009/2010 FAFSA -- FREE APPLICATION FOR FEDERAL STUDENT AID
Listing Delta College’s federal school code, 002251, in step six on the FAFSA will allow Delta College to receive your valid student aid report. If additional information is requested by the government, make the necessary changes and submit the completed application for processing so that a valid student aid report will be sent to both you and Delta College.
Step 2 of 5 ENTRANCE LOAN COUNSELING
Complete the online counseling meeting by clicking on the link below and following the instructions. Provide a copy of the completed entrance loan counseling confirmation page to the Financial Aid Office and print another copy for your records.
Step 3 of 5 2009/2010 LOAN APPLICATION
Print and complete the application form, and return it to the Financial Aid Office in person, via mail or fax. Loan applications are also available in the Financial Aid Office.
Step 4 of 5 MASTER PROMISSORY NOTE PACKET (MPN)
You will receive a MPN from your Lender or Guaranty Agency in the mail within 2 to 3 weeks. You must complete this information and provide two references. Return the information to the address indicated at the top right corner of the MPN. Once the servicer receives this information they will send your loan check(s) to the Financial Aid Office for processing on the scheduled date.
Your loan check(s) will be available to you at the Student Finance Office on Delta College’s Main Campus on the date indicated on your Family Education Loan Notice(s). Photo identification is required. To ensure that you receive all of your loan check(s), also bring your Family Education Loan Notice(s) with you.
Step 5 of 5 EXIT LOAN COUNSELING INFORMATION
When you are near graduation, leaving school or drop below ½ time enrollment you will receive information on loan repayment. You are responsible for timely repayment of your loans. Failure to comply with repayment regulations can impact your credit rating.