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Loan Notes

  • No loan checks will be released until 30 days after the first day of each semester.
     

  • If you do not maintain Financial Aid Satisfactory Academic Progress, your loan check WILL NOT be mailed to you and your disbursement will be cancelled.
     

  • If you drop below half-time status (6 units) at any time during the semester that is covered by the loan certification, you will lose your eligibility status.
     

  • If you are applying for only one semester, you will receive two checks during the semester.
     

  • Loan amount eligibility is based on completed units at the time of loan application.  For example: For Subsidized Loans, 1st year students (0-29 units) are eligible for $3,500.  2nd year students (more than 30 units completed) are eligible for $4,500.
     

  • ALL financial aid CAN NOT exceed the total cost of attendance for your loan period as determined by Palomar College.

 

 
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