PLEASE READ AND COMPLETE ALL STEPS. YOUR LOAN WILL NOT BE PROCESSED
UNLESS ALL STEPS ARE COMPLETED ACCURATELY.
| Federal Direct Lending |
| Beginning with the 2009-2010 financial aid award year, Calumet College of St. Joseph now processes all Stafford Student Loans through Federal Direct Lending. In the Direct Lending process, all loan funds come directly from the federal government, not from a bank or other lending entity. There is no difference in loan amounts/maximums through Direct Lending. Also, if you have previously borrowed student loans from a bank or other lending entity, you will be able to consolidate your loans upon entering into repayment either through the Direct Lending program or through a private lender. |
NEW BORROWERS AT CALUMET COLLEGE OF ST. JOSEPH
(New borrowers include any student who is requesting a loan at CCSJ for the first time. This includes students who have borrowed previously at a transfer institution)
- You MUST complete Student
Loan Entrance Counseling prior to your loan being processed. The Student Loan Entrance Counseling session is a federally mandated requirement that provides information about how to manage your student loans, both during and after college.
- Complete your Direct Lending Master Promissory Note (MPN). An MPN is a binding legal agreement you sign to indicate your commitment to repay your student loan(s).
- Complete your loan application.
RETURNING BORROWERS AT CALUMET COLLEGE OF ST. JOSEPH
(Returning borrowers include any student who has previously taken out loans while enrolled at CCSJ)
- Complete your loan application.
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