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Important Student Loan Information
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No
loan checks will be released until 30 days after the first day of each
semester.
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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.
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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.
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If
you are applying for only one semester, you will receive two checks during
the semester.
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Loan
amount eligibility is based on completed units at the time of loan
application. 1st year students (30 units or less completed) are
eligible for $2,625. 2nd year students (more than 30 units completed)
are eligible for $3,500.
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ALL
financial aid including loans subsidized or unsubsidized CAN NOT exceed the
total cost of attendance for your loan period as determined by Palomar
College.
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