Loans are a form of financial aid that MUST BE be paid back.
Think seriously before committing to a loan.

The college offers subsidized, unsubsidized or parent plus Direct Loans.

Recommend students have and maintain a 2.0 GPA at all times. See Satisfactory Academic Progress (SAP) Standards.

To apply for a loan a student must do the following:

· Be enrolled in at least 6 units
· Submit a FAFSA application, even if you don’t think you are eligible for aid
· Wait to receive an Award Letter from the Financial Aid Office at Citrus College
· Pick up loan application which includes instructions on how to apply

First time Federal Stafford Direct Loan borrowers must wait 30 days from the first day of your scheduled start dates of classes to receive your first disbursement. If this date does not fall on one of the scheduled disbursement dates, please refer to the Pell Grant scheduled disbursement dates for alternate dates to receive loans.

Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013   

Direct Loans are low-interest loans for students and/or parents to help pay for educational expenses after high school. The amounts will vary. The programs include:

· Subsidized Federal Stafford Direct - Loan
Direct Subsidized Loans are loans for students with financial need, as determined by federal regulations. No interest is charged while student is in school at least half-time, during grace period, and during deferment periods. (Loans need to be paid back.)

· Unsubsidized Federal Stafford Direct - Loan
Direct Unsubsidized Loans are loans for students that are not based on financial need. Interest is charged during all periods. (Loans need to be paid back.)

· Direct PLUS - Loan
Parents of dependent student can get Federal Direct PLUS Loans, which are low-interest loans to help parents meet college costs.

Loan applications for 2014-2015 are available online: Parent PLUS and Stafford Loan applications.