Eligibility Requirements

The following are general eligibility requirements for federal student loans:

  1. Complete a Free Application for Federal Student Aid (FAFSA).
  2. Have submitted all required documents listed on your student portal, if requested.
  3. Have been packaged for financial aid. This means that you have received your financial aid offer notice. You may view your financial aid offer through your student portal.
  4. Have satisfied all the general student financial aid eligibility requirements.
  5. Meet the Satisfactory Academic Progress (SAP) requirements.
  6. Be enrolled in a minimum of six (6) approved units. Students who are on an Extension Petition must be enrolled in six (6) approved units as stated on the Student Educational Plan.
  7. New borrower: Must complete the Entrance Loan Counseling and a Master Promissory Note.

How to Request for a Federal Student Direct Loan

  • Login to and follow the steps outlined below:
    • Once logged in, click on the Request button on the top right-hand corner of the page.
    • A pop-up window will appear. Click on the "+" sign for the current Academic Year for the "Student Loan Data Form - Pierce College 1".
    • You may see multiple rows and columns. Make sure you choose the correct Academic Year column and the row that indicates "Student Loan Data Form - Pierce College 1".
    • Once you click on the "+" sign, the screen will display for you to "Explain your reason for the request". Provide your explanation and hit the "Submit" button. After you submit, you will see that your request was submitted.
    • From your Student Forms account, a new tab will appear on your dashboard that indicates the academic year you chose "20XX-20XX Other Documents". Here is where the Loan Data Form is located. Click on the dropdown arrow where it indicates "Additional Info: Student Loan Data Form - Pierce College 1".
    • Now the page will display the documents you need to complete.
      • Complete the Student Loan Data Form
      • Then click on "Add Pages" to upload the following:
        • Upload your unexpired government issued photo identification
        • Upload your "Loan Entrance Counseling" confirmation page .
      • Once all documents are uploaded, the "Submit" button will turn red in color and hit "Submit".

Entrance Loan Counseling Requirement

Federal laws require all borrowers to participate in Student Loan Entrance Counseling The counseling explains the terms and conditions for the loan you plan to borrow. It also provides borrowers with information about the various Direct Loan repayment options as well as understand your rights and responsibilities as a student loan borrower.

Federal Regulations for New First-Time Borrower

If a student is enrolled in the first year of an undergraduate program of study and has not previously received a Direct Subsidized Loan, a Direct Unsubsidized Loan, a Subsidized or Unsubsidized Federal Stafford Loan, or a Federal Supplemental Loan for Students, we may not disburse the loan proceeds of a Direct Subsidized or Direct Unsubsidized Loan until 30 days after the first day of the student's program of study. [34 CFR 685.303(b)(5)]

New first-time borrowers will receive their first loan disbursements 30 days after the first day of the term.

Awarding and Disbursement Information

The loan period for an awarded Direct Loan corresponds to the period of enrollment (academic terms) that we anticipate you will be attending during the school year. As a result, when awarding the Direct Loan prior to or during the Fall term, the loan is awarded for the academic year: Fall and Spring. Students who are enrolled in Spring only with no Fall enrollment, the loan is awarded for the Spring only. Students who complete a program of study in the Fall term, the loan will be awarded for the Fall only and will be subject to proration.

Loan funds will be disbursed as follows:

  • Loans are disbursed twice per loan period (period of enrollment for which your loan covers).
  • If the loan is awarded for the academic year (fall and spring), the award total will be allocated with 50% in the fall term and 50% in the spring term.
  • If the loan is awarded for one term, the loan will be disbursed in two payments during the term.
  • All loans are subjected to loan and origination fees enacted by the U.S. Department of Education.

The Right to Reduce or Cancel the Student Loan

If it is determined that you are eligible, you will be notified via email to your LACCD assigned email to view your financial aid package on your student portal. You have the right to reduce or cancel the loan. You may submit a Loan Cancellation Request form and must be submitted in writing to the Financial Aid Office within thirty (30) days of the date on the award notification.

Dropping Below Half-Time

If you drop below half-time (6 approved units) prior to the scheduled fall term disbursement, the disbursement will be cancelled and loan fund(s) will be returned promptly to the U.S. Department of Education. If you drop below half-time after the scheduled fall disbursement and before the fall term is completed, you will not be eligible for a spring term loan disbursement. In both scenarios you may be eligible for a loan for the spring term only and a new loan must be processed. If you drop below half-time prior to the scheduled spring term disbursement, the disbursement will be cancelled.

Summer Semester

The academic year for Federal Direct Loan start with the fall term and ends with the following summer term. This means that if you have borrowed the maximum annual loan limit during the fall and spring terms, you will have no remaining loan eligibility for the summer term within the LACCD. Please keep in mind that if you plan to continue to enroll in the LACCD as your future borrowing during the fall and spring terms will impact your ability to borrow during the summer term.

Annual Loan Limits and Interest Rates/Origination Fees

A student's financial need and annual loan limits determine how much a student may borrow. There are limits on the amount of subsidized and unsubsidized loans that you may be eligible to receive each academic year (annual loan limits) and the total amount that you may borrow for undergraduate study (aggregate loan limits). Students will either be classified as Grade Level One (0-30 units completed) or Grade Level Two (over 30 units completed and student is enrolled in a program of more than one year).

For additional information about Loan Borrowing Limits, visit the U.S. Department of Education Student Aid website.

For information about the current loan interest rate and loan origination fees, visit the U.S. Department of Education Student Aid website.