How To Apply for a Fall 2014 and/or Spring 2015 Direct Loan


 

You must complete a 2014-2015 Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov AND your financial aid eligibility must already be determined BEFORE you can apply for a loan and continue with the steps below.  To view your financial aid eligibility, log into My Canyons at my.canyons.edu and click on "Financial Aid Status". 

 

 

STEP 1:  Loan Entrance Counseling Online

First, complete a MANDATORY Loan Counseling Entrance Exam ONLINE. This is required each academic year you request a Direct Loan. 
 
 
 
​Loan Period Entrance Counseling Deadline​
​Fall 2014 Only ​November 20, 2014
​Fall 2014 and Spring 2015 ​May 7, 2015
​Spring 2015 Only ​May 7, 2015
​Summer 2015 ​July 23, 2015
 
 

STEP 2:  Direct Loan Request Worksheet

Next, complete the Direct Loan Request Worksheet.  You are permitted no more than two loan requests per academic year. Requests for less than $200 in loans cannot be processed. Your financial aid eligibility must already be determined by the Financial Aid Office BEFORE you can apply for a loan and continue these steps.  Submit your COMPLETED Direct Loan Request Worksheet to the Financial Aid Office.  Requests submitted with missing or blank information will be considered INCOMPLETE and will not be processed.
 
This Direct Loan Request Worksheet MUST BE SUBMITTED IN PERSON  with a VALID PHOTO ID.
 
 
 
 
​Loan Period Direct Loan Request Deadline​
​Fall 2014 Only ​November 13, 2014
​Fall 2014 and Spring 2015 April 30, 2015
​Spring 2015 Only April 30, 2015
​Summer 2015 ​July 16, 2015
  

STEP 3:  Master Promissory Note Online

Wait 5 business days AFTER finishing both Steps 1 and 2 above 
 
Then, complete the Master Promissory Note (MPN) online. You will be signing your MPN online with your FAFSA Personal Identification Number (PIN).  If you have already signed a MPN for a Direct Loan, that has NOT expired, you do not need to complete this step.
 
 
 
​Loan Period Master Promissory Note Deadline​
​Fall 2014 Only ​November 20, 2014
​Fall 2014 and Spring 2015 ​May 7, 2015
​Spring 2015 Only ​May 7, 2015
​Summer 2015 ​July 23, 2015
 

STEP 4:  Loan Exit Counseling Online

It is your responsibility to complete a MANDATORY Online Loan Counseling Exit Exam BEFORE you leave College of the Canyons, fall below half-time status, or stop attending.  If you fail to complete this requirement, your academic records will be placed on an administrative hold preventing you from receiving official transcripts or registering for classes.
 
 

Student Loan Disbursements

In order to receive your loan disbursement on the published date you must complete steps 1-3 of the loan application process 10 business days before the published disbursement date.

Loan disbursement dates CLICK HERE
 

Student Loan Application Deadlines

Students must complete steps 1, 2 AND 3 of the loan application process prior to the published deadline.  Students who fail to complete the loan application steps or complete the steps after the published deadline will not awarded or disbursed student loans. 
 
The Loan Application Deadlines are included in each of the steps above.  There are no exceptions or extensions to the published deadline.
 
​Loan Period ​Loan Request Deadline ​Entrance Counseling and MPN Completion Deadline
​Fall 2014 Only ​November 13, 2014 ​November 20, 2014
​Fall 2014 & Spring 2015 ​April 30, 2015 ​May 7, 2015
​Spring 2015 Only ​April 30, 2015 ​May 7, 2015
​Summer 2015 ​July 16, 2015 ​July 23, 2015