Direct Loan Program Information
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Loan
Application Deadlines
Fall/Spring Loan app-April 18, 2012
Spring 2012 Only Loan app-April 18, 2012
Summer 2012 Only Loan app-July 5, 2012 |
Loan Announcements
Due to the high volume of financial aid direct loan applicants, please allow
4-6 weeks for processing of 2011/2012 Direct Loan Applications.
Benefits of the Direct Loan Program
Direct Loans and FFEL Program Loans have the same annual and aggregate loan
limits, the same deferment and cancellation provisions, and most of the same
repayment plans (Standard, Graduated, Extended, Income-Based.) The interest
rates for FFEL Program Stafford Loans and Direct Subsidized and Unsubsidized
Loans are also the same. Direct Loans also have some benefits that are
available only in the Direct Loan Program, such as:
Up-Front Interest Rebate
Income Contingent Repayment Plan (in addition to the Income-Based
Repayment Plan)
Public Service Loan Forgiveness Program
No interest charged (for up to 60 months) during qualifying periods of
active duty military service (for loans first disbursed on or after October 1,
2008)
A loan is a long-term financial obligation
A Student loan is a long-term financial obligation. We provide information in
your loan packet, brochures and this website to help you make an informed
decision about borrowing a student loan, and understand Chabot's Loan Policies.
To understand Federal regulations regarding the Direct Loan Program, please make
sure that you complete the online entrance and exit counseling required for your
Direct Loan application.
Disclaimer: Some Chabot College Financial Aid Web Pages may provide
links to other Internet sites for the convenience of users. Chabot College
Financial Aid is not responsible for the availability or content of these
external sites, nor does Chabot College Financial Aid endorse, warrant, or
guarantee the products, services, or information described or offered at these
other Internet sites. Users cannot assume that the external sites will abide by
the same privacy policy to which Chabot College Financial Aid adheres. It is the
responsibility of the user to examine the copyright and licensing restrictions
of linked pages and to secure all necessary permissions.
