How To Apply for a Fall 2020 and/or Spring 2021 Direct Loan


You must complete a 2020-2021 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.
Click Here to Take the Loan Counseling Entrance exam
Loan Period Entrance Counseling Deadline
Fall Only November 5, 2020
Fall and Spring May 20, 2021
Spring Only May 20, 2021
Summer July 31, 2021

 

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.
Direct Loan Request Worksheet
Direct Loan Status Change Request
Loan Period Direct Loan Request Deadline
Fall Only October 29, 2020
Fall and Spring May 13, 2021
Spring Only May 13, 2021
Summer July 22, 2021

 

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.
Click here to sign your MPN
Loan Period Master Promissory Note Deadline
Fall Only November 5, 2020
Fall and Spring May 20, 2021
Spring Only May 20, 2021
Summer July 31, 2021

 

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.
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 October 29, 2020 November 5, 2020
Fall and Spring May 13, 2021 May 20, 2021
Spring Only May 13, 2021 May 20, 2021
Summer July 22, 2021 July 31, 2021