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FINANCIAL AID

 

Direct Loan Eligibility Requirements

Before submitting a Direct Loan application to the Chabot College Financial Aid Office, all applicants must already have a current FAFSA application on file with Chabot College AND all requested forms & documentation already submitted to the Chabot College Financial Aid Office.  

Students can check their financial aid requirements and financial aid status online using Chabot’s student web portal, TheZone. (https://myportal.clpccd.cc.ca.us/cp/home/displaylogin)

To be considered for a Direct Loan at Chabot College, applicants MUST:

  1. Have a declared major with the Admissions & Records Office:  Applicants must be seeking a certificate, associate or transfer degree in an eligible Title IV program of study (16 or more units in length) from Chabot College.  

  2. Meet SAP (Satisfactory Academic Progress) standards for each semester that they are applying for and/or are awarded a Direct Loan: Loan applications may be denied and/or awarded loan amounts may be reduced or canceled if the applicant is not making steady progress towards their declared program of study.

  3. Enroll in and maintain a minimum of six (6) semester units for each semester that they are applying for and/or are awarded a Direct Loan:  Direct Loan awards are awarded for the entire Fall and Spring enrollment period and will have two (2) disbursements, half in the Fall and the other half in the Spring.  If the student is no longer meeting SAP requirements or the minimum enrollment requirement after the Fall semester, the student will lose loan eligibility for the Spring and the remaining loan disbursement will be canceled.

    • A Fall Only semester loan will be awarded ONLY to students who will be graduating or transferring upon completion of the Fall semester.  A Fall Only semester loan will disburse in two disbursements.

    • A Spring Only semester loan will be awarded to students who were NOT enrolled in/or did NOT earn a minimum of six (6) semester units and/or were not eligible for financial aid due to SAP and/or did not declare an eligible major for the Fall semester.  A Spring Only semester loan will disburse in two disbursements.

    *One semester loans are prorated according to federal regulation.

  4. Eligibility for Subsidized loans will be determined per new federal regulations which limit subsidized loans to 150% of a student’s program of study.  For example:  If you are enrolled in a two-year associate degree program, the maximum period for which you can receive Direct Subsidized Loans is three years (150% of 2 years=3 years).   Read this page for details on subsidized eligibility.  

A student is ineligible for any federal financial aid if in DEFAULT on prior student loans(s), or owes a repayment of Title IV aid to any school in the country.

Click here to learn how to apply for a Direct Loan while attending Chabot College

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    Phone: (510) 723-6600 | Last updated on 3/31/2016