Direct Loans are low‐interest loans for students and parents to help pay for the cost of a student's education. The lender is the U.S. Department of Education rather than a bank or other financial institution. Direct Loans are a form of financial aid and must be repaid with interest.
Bakersfield College strongly encourages students to apply for grants or scholarships before borrowing a student loan. A student loan is a serious long‐term obligation that should be used only as a last resort. If it is necessary for you to apply for a student loan, you must complete all required steps for processing of the Direct Loan.
NOTICE: Bakersfield College, at the direction of the US Department of Education, has a thorough default prevent plan in place to help students make better decisions about student loans and successfully navigate repayment requirements after graduation. When a student initiates a loan and goes through the approval process, Bakersfield College ensures that the student has a clear understanding of repayment options, connection to loan servicing agencies, and a solid educational plan that leads to program completion.
For students with demonstrated financial need, as determined by federal regulations. No interest is charged while a student is in school at least halftime, during the grace period, and during deferment periods.
Not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.
Contact the Office of Financial Aid to schedule a MANDATORY Student Loan Borrower Counseling on campus. Steps are made available online through verification connection after 72 hours of orientaion being completed.
Note: Payment will not be issued until on or after September 17, 2019 for Fall 2019 & February 18, 2020 for Spring 2020.
Contact the Office of Financial Aid to schedule a MANDATORY Student Loan Borrower Counseling on campus. You will be assigned a time frame for an email to be sent to you with the instructions on completing the direct loan request. Steps will be made available online through verification connection after 72 business hours of the student sending email response to assigned loan technician. Loan technician name will be provided in original email sent to the student.
Note: Payment will not be issued until on or after September 10, 2019 for Fall 2019 & February 4, 2020 for Spring 2020.
Stop Here The following "Steps to Complete Loan Process" are for informational purposes, further instructions will be given to you at the orientation.
Important! Bring a photo ID if you are attending an in-person counseling session. Government issued photo ID is required to be uploaded to both New and Renewal students verification connection.
Cell phones must be silenced during orientation and the counseling session.
Complete, print and sign (in ink) each form. Scan (or take a picture with your phone) the form(s) or confirmations and upload through your Verification Connection link in the Financial Aid section of InsideBC. All of the following must be submitted through your Verification Connection.
During your Online sessions, you will observe: Information disclosed to students or parents of students who enter into an agreement regarding a Title IV, HEA loan that the loan will be submitted to NSLDS and accessible by authorized agencies, lenders and institutions [HEOA 489 amended HEA Sec. 485B]
Complete the following sessions and submit confirmation through Verification Connection.
Complete the following session and submit confirmation through Verification Connection.
ALL borrowers must provide two (2) additional references, preferably family members, on the Direct Loan Reference Sheet. Do not list references used on the Master Promissory Note (MPN). All references will be verified. If we are unable to verify references, we will not be able to process your Loan Request. Submit confirmation through Verification Connection.
ALL borrowers must upload a student educational plan that reflects their current educational pathway. You can obtain one by either meeting with an Educational Advisor OR Counselor.
Create account with the MOST RECENT loan servicer and provide proof of established account.
BC Student ID is not acceptable. Examples of a government issued photo ID are: Driver's license, state issued ID, or United States passport.
You must complete ALL STEPS in order for your loan to process and receive payment. If you are missing a step, you will not receive a loan disbursement.
Once a Student Progress Report signed by all instructors reflecting satisfactory grades (C or better) in ALL attempted courses, funds will be released.
All on‐line course instructors must e‐mail grades directly to the Office of Financial Aid.
Processing may take up to 3‐4 weeks (may change during peak times).
Keep in Mind: You are required to complete Exit Counseling once you graduate, leave school, or drop below halftime enrollment. Exit Counseling provides important information you will need as you prepare to repay your federal student loan(s).
|Loan Enrollment Period:||Application Deadline:|
|Fall 2019 ONLY/Fall 2019 and Spring 2020||November 4, 2019|
|Spring 2020 ONLY||April 6, 2020|