Direct Loan Information
Online Direct Loan Orientation
Now Available! Sign in & go to Direct Loan Orientation. Once completed, we will be notified electronically within 3 days.
Direct Loan Servicer Account
Financial Aid Code of Conduct
Direct Loan Borrower Referral
Next Loan period will be Fall 2014. There are no loans over Summer session.
Your file must be complete in order for us to accept the application at the front counter. We send award notifications to your Palomar Student email account.
We cannot accept Loan Applications via email or fax.
As part of Palomar College’s efforts to reduce the risk of loan default, the following loan requirements will be implemented spring 2014:
All students who were processed for a student loan for fall 2013 as well as new “spring only” loan applicants will be reviewed for Financial Aid Satisfactory Academic Progress. Students who do not meet the 2.0 cumulative GPA and/or the 67% pace requirement after fall 2013 will be required to submit a Student Loan Borrower Assessment, Career Center & Counseling Referral Form. This requirement must be competed in order to receive spring 2014 loan funds. Students not meeting Financial Aid Satisfactory Academic Progress will be notified through their Palomar College email once their loan application is processed.
In addition, all new “spring only” loan borrowers who had not completed at least 25 units toward their Palomar College major will be also be required to submit the Student Loan Borrower Referral Form before receiving spring loan funds. Student will be notified through their Palomar College email once their loan application is processed.
Finally, all loan borrowers will be required to set up an online account with their Federal Student Loan Servicer. Detailed information can be found by selecting the “Direct Loan Servicer Account” link above. Spring 2014 loan checks will not be disbursed until this is completed.
Effective with the 2013-2014 school year, Palomar College has been approved by the U.S. Department of Education to participate in an experimental initiative to reduce student loan burden and risk of loan default. As a result, specific student categories will be unable to receive unsubsidized loans at Palomar College.
Based on this initiative, the following categories of students will not be eligible to borrow unsubsidized loans:
STUDENTS WHO HAVE COMPLETED 24 UNITS OR LESS TOWARDS THEIR PALOMAR COLLEGE MAJOR
- Units completed are those units which are required college units towards the declared Palomar College major
STUDENTS WITH TOTAL LOAN AGGREGATE DEBT OF $12,500 OR MORE
- Students who have borrowed subsidized and unsubsidized loans with a combined total of $12,500 or more
- Total loan debt includes loans from ALL schools
STUDENTS APPPROVED THROUGH THE FINANCIAL AID APPEAL PROCESS
- Students who have an “unsatisfactory” status (disqualified) for any reason and who are approved through the Financial Aid appeal process for the 2013-2014 aid year
Students who meet one of the above criteria will not be eligible for an unsubsidized student loan at Palomar College for the 2013-2014 school year. This decision is final and cannot be appealed to the U.S. Department of Education.