Direct Stafford Loan Requirements

Direct Stafford Loan Requirements

P.O. BOX 1000, CLIFTON FORGE, VA 24422-1000

TELEPHONE: 540/863-2800 (V/TDD) FAX: 863-2915

TOLL FREE WITHIN SERVICE AREA 877/73DSLCC

Please Read and Follow These Directions

*Step 1:Apply for admission (credit application) to Dabney S. Lancaster Community College (DSLCC) in a Financial Aid approved curriculum.

*Step 2: Make sure that your contact information is up to date in Student Information System (SIS) by logging into Blackboard.

*Step 3:Apply for financial aid at using the 2014-2015 Free Application for Federal Student Aid (FAFSA). Use school code 004996 to have it sent to DSLCC.

*Step 4:Submit upon request, if selected, all paperwork necessary to complete verification of your FAFSA.

*Step 5: Plan to enroll in and actively participate in at least 6 credits (half-time) for the semester(s) in which you wish to take out a loan. This step must be maintained in order for loans to be disbursed.

*Step 6: Complete the Loan Request form below. The form is also available at Click Quick Links, then Forms for Students. Click on 2014-2015 Loan Request Form.Return to the Financial Aid office ASAP.

*Step 7: Go to sign in, and click on the “Complete Master Promissory Note” link, and click on the Subsidized/Unsubsidized link to complete your master promissory note. After you submit your MPN, click on the “view pdf” link and then click print and select current page or page 1 to print page 1 of your MPN.

*Step 8: Go to sign in, and click on the “Complete Entrance Counseling” link. Complete your online entrance counseling session. After you click the Submit Counseling button, click the E-Mail button (located under Summary Tools) and enter as the E-Mail address, then click the E-Mail Summary button to email your confirmation page to the Financial Aid office. If you have had student loans before, you may complete the “Financial Awareness Counseling” and print your confirmation page.

*Step 9: Complete In-Person Loan Counseling (60-minute sessions). Dates and times will be sent to your VCCS student email. (Waived for students who received a loan for Fall 2013, Spring 2014, or Summer 2014.)

*Step 10: Maintain Satisfactory Academic Progress (SAP). The SAP policy is available at

*These steps must be completed for every aid year (i.e. Fall 2014/Spring 2015/Summer 2015 is the 2014-2015 aid year) before loans will be entered on your student account.

2014-2015 AID YEAR

(FALL 2014/SPRING 2015/SUMMER 2015)

Federal Direct Stafford Loan Request Form

Please print and answer every question completely. Use N/A if not applicable.

Part A–Complete information and answer question:

Name: / Maiden Name (if applicable):
Social Security Number: / AND / Empl. ID (Student ID Number):
Date of Birth (MM/DD/YYYY):

Do you plan to enroll in at least 6 credits each semester that you want a loan? Yes No

Part B – First Step: Determine your grade level (Freshman/Sophomore).

Second Step: Determine your dependency status (Dependent/Independent).

Third Step:Either(1) check the semesters that you plan to attend and write in the loan amount(s) that you wish to receive for each semester or (2) if you only want enough to cover your charges, check the box indicating that you wish to borrow the “exact amount”:

∙Freshman (completed 0-29 credits in designated curriculum) requesting a loan for:

∙ Dependent Freshman - maximum amount per semester is $2,750.

∙ Independent Freshman - maximum amount per semester is $4,750.

1) Fall 2014 Amount: ______Spring 2015 Amount: ______ **Summer 2015 Amount: ______

**Summer 2015 amount is only available if you have not reached your annual loan limit. If you opt to take out loans for both fall and spring semesters, this will either reduce or eliminate your summer loan eligibility.

2) I would like to only borrow the exact amount to cover the cost of my tuition, books, and loan fees.

(Maximum eligible amount per semester will be entered initially, and then adjusted to actual charges after the last day to drop with refund each semester. Additional unsubsidized amounts may be entered if needed. If other grants are enough to cover charges, the loan will be cancelled).

∙ Sophomore (completed 30 or more credits in designated curriculum) requesting a loan for:

∙ Dependent Sophomore - maximum amount per semester is $3,250.

∙Independent Sophomore - maximum amount per semester is $5,250.

1) Fall 2014 Amount: ______Spring 2015 Amount: ______ **Summer 2015 Amount: ______

2) I would like to only borrow the exact amount to cover the cost of my tuition, books, and loan fees.

∙ Approved loan amounts will vary according to the student’s demonstrated need, year in program of study, and amounts previously borrowed. ∙ Maximum annual amounts may be a combination of both subsidized and unsubsidized, or all unsubsidized.

∙ For more general information on loans, go to:

Part C – Read, sign and date, below:

The information provided on this form is true and complete to the best of my knowledge.

Handwritten Signature / Date