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Applying For Federal Loans

Loan application paperCVCC participates in the William D. Ford Federal Direct Loan Program. Your lender will be the U.S. Department of Education for all loans processed in the 2010/11 year and beyond.

You must request a loan from CVCC -- we will not automatically award a loan to you. You may apply for a Federal Stafford loan AFTER the Free Application for Federal Student Aid (FAFSA) has been completed, all follow-up paperwork has been submitted to the Financial Aid Office, and an award letter has been received for any other aid you may be eligible for (grants/scholarships).

Note: Students must be enrolled at least six (6) credit hours each semester to apply for and receive a Direct and/or Parent PLUS loan. The classes must be required in your program of study.


Steps to Apply 

Direct loan applicants are required to complete the following 5 steps to receive a loan at CVCC.  

Step 1: Meet with a financial aid counselor in Student Development to pick up your loan packet.  You will be given a loan packet during this meeting. Inside the packet you will find a loan planning form. This form must be completed and returned to the Financial Aid Office before your loan request form can be completed. Links used for this step are provided on the form and are listed below.

·   Question # 1……… National Student Loan Data System(NSLDS)

·   Question # 5…….. Student Loans

·   Question # 7……….NC Department of Commerce Division of Employment Security

Step 2:
Return completed Loan Planning Form to the Financial Aid Office and complete the Loan Request Form with the Financial Aid Counselor. When a Loan Request Form is completed, all of the funds that the student wishes to receive for the academic year must be requested at one time.  Making changes to the amount requested or applying for future terms that were not initially requested will not be allowed.  Therefore, it is very important to plan your educational expenses for the entire academic year and make your loan request for the year accordingly.

Step 3: Complete Your Electronic Master Promissory Note (eMPN)

Step 4: Complete Online Entrance Counseling

       4 a: Time Limitation for First Time Borrowers(PDF)

Step 5: Complete Advanced Money Management Course

Once all of the above steps are completed and a decision has been made concerning the certification of the loan request, you will be notified of the approval or decline of the loan on your ValleyCat email account.   

Loan Deadlines If the loan request is not done prior to the beginning of the academic year, the loan requests for the academic year or for an individual term must be received by the following dates.  No loan request for the term will be taken past the dates indicated.

Fall Semester - October 1 

Spring Semester - March 1

Summer Semester - June 1

Graduating or Leaving CVCC?
All students who receive a student loan at CVCC MUST complete Exit Counseling when they drop below half time, leave the college due to withdrawal, or graduate. Click on Student Loans to complete the requirement online. When you graduate or leave CVCC, you may want to look into consolidating your student loans so you will have one single payment, rather than several payments for different loans or payment to different lenders. For more information click loan consolidation. 

Applying for a Private Education Student Loan

1. Review Federal Aid First, this explains the difference between Federal and Private loans.

2. Complete Financial Aid File You must have a completed financial aid file, including the FAFSA: and all follow-up paperwork. Our school code is 005318.

3. Apply Choose a lender or Bank to apply for a Private Education Loan. CVCC does not offer a preferred lender list for private loans. Students may check with their bank or research private loans on the Web. We strongly encourage students to borrow Federal loans first as they offer better benefits and interest rates. Interest rates on private loans are usually significantly higher than on Federal loans.

4. School Certification Our office will certify the loan once we receive a certification request from your lending institution and your financial aid file is complete. Private loan limits are set by Federal regulations and cannot exceed the cost of attendance minus any financial aid received. We are not responsible for the timeliness of private loans and students should address all customer service issues with their chosen lender.

5. Eligibility Requirements For most private lenders, there is no minimum credit hour restriction nor do they require the student to be making satisfactory academic progress as determined by the school. Students should verify restrictions with their lender. Be aware that most private lenders require a good credit rating and may also require a co-signer.

Loan Questions If you have any questions about your current or previous loan (your responsibilities, regulations, payment options, complaints, etc.) you may contact your lender or the Department of Education's Loan Ombudsman at 1-877-557-2575 or click Loan Ombudsman. To find out your loan balance, total debt or loan servicer click NSLDS.   

2550 US HIGHWAY 70 SE • HICKORY, NC • 28602-8302 • 828.327.7000
Updated 06.23.2015: Financial Aid