Office of Financial Aid

Drop Shadow

Loans

IMPORTANT INFORMATION

Please note that the red flags on the MySanDiego portal for the Federal Direct Loan records for the upcoming academic year will not be updated until mid-July if all requirements have been completed. This includes applications, Entrance Loan Counseling, and Master Promissory Notes (MPN).

All students and parents who wish to borrow through the Federal Direct Subsidized/Unsubsidized Student, PLUS and Graduate PLUS loan programs will be required to apply for their loans through the Department of Education at www.StudentLoans.gov.

Loan Information 2014-2015

Loan Information 2013-2014

Federal Sequestration Changes to the Title IV Student Aid Programs

On August 2, 2011, Congress passed the Budget Control Act (BCA) of 2011, which put into place an automatic process of “across-the-board” Federal budget cuts. The changes to the Title IV Student Aid Program were scheduled to take effect on March 1, 2013, with more changes to be placed throughout the year. The following information is meant to notify borrowers of the fee increase to the Direct Loan program.

  • Any Direct Loans which were processed and have received the first disbursement where the funds posted to the student’s account before December 1, 2013, will not see a change to the fee rate on that particular loan.
  • Loans processed with a first disbursement on or after December 1, 2013, will be created with the new loan fee rate.
  • Any loans which were initially created before November 20, 2013, but have yet to receive the first disbursement due to missing requirements will have the loan canceled and re-created with the new loan fee rate.
  • PLUS loans that are credit-approved with an endorser and have yet to disburse will be canceled. The credit approval process for both the borrower and endorser will need to begin again with the credit application and new MPN on www.studentloans.gov.

In an effort to assist borrowers with pending first disbursements scheduled before December 1, 2013, this information is being circulated via the MySanDiego portal and e-mail.

If there are questions regarding this notice, please contact the One Stop Student Services Center located in UC-125 or stop by the Office of Financial Aid in Hughes 319.

Loan Fee Changes

GENERAL INFORMATION

For More Information

Private/Non Federal Loan Application Instructions

  • Fall 2013/Spring 2014/Summer 2014
  • Private Loan Self Certification Form

    This Private Education Loan Application Self-Certification is provided for student use only in the event that you lost or misplaced the form that your lender provided.  Complete and sign the form returning it to your respective lender as soon as possible.  Your lender will not disburse loan funds until the completed form is returned to them