How To Apply for a Fall 2022 and/or Spring 2023 Direct Loan
You must complete a 2022-2023 Free Application for Federal Student Aid (FAFSA) 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.Click Here to Take the Loan Counseling Entrance exam
Loan Period Entrance Counseling Deadline Fall Only November 25, 2022 Fall and Spring May 19, 2023 Spring Only May 19, 2023 Summer July 28, 2023
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.To request a NEW student loan, complete the ONLINE Direct Loan Request Worksheet. Requests submitted with missing or blank information will be considered INCOMPLETE and will not be processed. A VALID PHOTO ID MUST BE UPLOADED with the Direct Loan Request WorksheetONLINE Direct Loan Request WorksheetTo make a change to a student loan ALREADY REQUESTED, complete the ONLINE Direct Loan Status Change Request.ONLINE Direct Loan Status Change Request
Loan Period Direct Loan Request Deadline Fall Only November 18, 2022 Fall and Spring May 12, 2023 Spring Only May 12, 2023 Summer July 21, 2023
STEP 3: Master Promissory Note Online
Wait 5 business days AFTER finishing both Steps 1 and 2 aboveThen, 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.Click here to sign your MPN
Loan Period Master Promissory Note Deadline Fall Only November 25, 2022 Fall and Spring May 19, 2023 Spring Only May 19, 2023 Summer July 28, 2023
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.Take the Loan Counseling Exit Exam
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 Deadline |
| Fall Only | November 18, 2022 | November 25, 2022 |
| Fall and Spring | May 12, 2023 | May 19, 2023 |
| Spring Only | May 12, 2023 | May 19, 2023 |
| Summer | July 21, 2023 | July 28, 2023 |