Due to campus closure caused by COVID-19, students can complete the Loan Advising Session by viewing the PowerPoint presentation and completing the packet below.
Loan Advising Session packet can be emailed to financialaid@delmar.edu.
IMPORTANT LOAN UPDATE
Effective July 1, 2020, Interest Rates for 2020-2021 Academic Year Loans
- Direct Subsidized Loans (Undergraduates): 2.75%
- Direct Unsubsidized Loans (Undergraduates): 2.75%
- Direct Unsubsidized Loans (Graduate or Professional Students): 4.30%
- Direct PLUS Loans (Parents and Graduate or Professional Students): 5.30%
More information
All students interested in student loans are required to attend a Loan Advising Workshop before receiving a loan disbursement, unless you attended during the last academic year. No exceptions!
You are strongly encouraged to attend right away to avoid delays. You must attend within two weeks of being offered a student loan.
Students in the following categories are required to submit a loan appeal request before being considered for loans.
- You owe more than $17,500 in previous student loans (regardless of where you borrowed it from)
- You have defaulted on a previous student loan before (regardless of where you borrowed it from)
- You are requesting additional unsubsidized loan funds in excess of $1,000
In addition, student loan borrowers will be required to complete online Loan Entrance Counseling and a Master Promissory Note (MPN) at studentaid.gov after accepting a loan award online through WebDMC.
If all three steps are not completed within two weeks, your loan will be cancelled you may not have the option to reinstate.
IMPORTANT REMINDERS
- Workshops last about an hour
- No late admittance – doors close when workshop begins
- You must attend the entire workshop to receive credit
- No children are permitted
- Room numbers are subject to change
- No need to sign up in advance but seating is limited (first-come, first-served). Room seats about 50 students. If session fills up, we will start early!
