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.
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.
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 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.
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.
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|