Student Loan Information

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

   Loan Application
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.


**Important Notice**
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:
  • Units completed are those units which are required college units towards the declared Palomar College major


  • 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 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.

The Financial Aid Office does not participate in certifying alternative education bank loans.

Palomar College believes that it is the responsibility of the Financial Aid Office to provide students complete information regarding their financial assistance options to help minimize the cost of attending college.

While we neither promote nor advocate student loans, we do provide information on the process and the rights & responsibilities that accompany obtaining both subsidized and unsubsidized student loans to interested students. It is our hope that the information on this site will help you make an informed decision about borrowing student loans.

The following are key points about Direct Loans:

  • Students do not borrow from banks.  Direct Loans are loans made with federal capital and are owned by the federal government.

  • Direct Loans are never sold.  Borrowers make loan payments to the Department of Education for the life of their loans.

  • Students do not wait in lines to endorse bank checks because schools receive loan funds electronically from the federal government and disburses them to students directly.

  • Borrowers have flexible repayment options with a Direct Loan, including Income Contingent Repayment, and they can change options when they need to without a fee at any time during the life of the loan.

   Important Notes

Last modified on April 18, 2014

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