Financial Aid Office

Loan Home

Chabot College Loan Application Instructions

Entrance & Exit Counseling

Sign MPN

Loan Disbursement Schedule

Loan Timeline

Loan FAQ's

Chabot College Loan Application Instructions

A Stafford Student Loan is a Long-term financial obligation. All students are give a Loan packet to make an informed decision about borrowing a loan and understanding Chabot's Loan Policy. The Chabot Financial Aid Office (FAO) discourages student loan borrowing while at Chabot College, especially borrowing of unsubsidized loans. Please read the Loan Instruction packet given to you and EdFund's Counseling Guide VERY carefully.

Step 2:  Pick up a Loan Packet at the Financial Aid Office & Complete/Submit:

• Proof of Completion of ENTRANCE Counseling

• Federal Stafford Loan Request Form

Step 3: Upon approval, the Financial Aid Office will certify your loan and send your information through ELM (Educational Loan Management). ELM will electronically submit your information to EDFUND (Guarantor Agency) for guarantee processing.

Step 4: After EdFund guarantees your loan, they will mail you instructions how to sign your MPN (Mastr Promissory Note) on-line.

Step 5: Complete your MPN as instructed by Edfund.

Step 6: Upon receipt of your signed MPN, your lender will EFT (Electronically Funds Transfer) your loan funds to the ELM NDN (National Disbursement Network), this is where your check(s) will get printed and placed in the mail to Chabot College.

Step 7: Upon receipt of each loan disbursement, Chabot will review student eligibility (student must be enrolled at least 1/2 time and in Satisfactory Academic Progress).  You will be notified by phone and or mail to pick up your check(s) at the Admissions and Records window.

Step 8: Submit proof of completion of EXIT counseling PRIOR to receiving your 2nd student loan disbursement.                                          

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