Student Loans

• Direct student loans, both subsidized and unsubsidized, are provided by the Federal Government.
• Must be a U.S. Citizen or eligible non-citizen to qualify
• These loans can be either need-based or non-need-based.
• Federal Direct Student Loans have low interest rates and do not require a credit check or collateral. Unlike grants, loans must be repaid with interest.
• The interest rate depends on when the loan was first disbursed.
• Request deadline for 2024-2025:
  • Fall term only:
  • Spring term only:
  • Summer term only:
  • Fall and Spring term:
  • Fall, Spring, and Summer:
  • Spring and Summer:
• Eligible for annual renewal

To apply for a Federal Direct Student Loan, complete and submit each of the following:

1. Free Application for Federal Student Aid (FAFSA)
2. Master Promissory Note
3. Entrance Counseling
4. Submit Loan Request via InSite 

• All Direct Loans are either subsidized or unsubsidized. Under the subsidized loans, the government pays the interest while the student is in school. With unsubsidized loans, students pay all the interest.
• Repayment for these loans begins six months after a student leaves school or drops below half-time enrollment.
• There is a required loan origination fee for Direct Loans. This fee is subtracted proportionately from each loan disbursement. The Direct Loan origination fee for loans first disbursed before October 1, 2022 is 1.057 percent and on or after October 1, 2022 is 1.057 percent.
• Direct loans provide a variety of deferment options and extended repayment plans.
• Loan recipients must be enrolled in at least six degree-applicable units and meet Satisfactory Academic Progress
• Student loan applicants must complete a Direct Loan Master Promissory Note and Entrance Counseling requirements.
• Completion of Exit Loan Counseling is required of student borrowers that graduate, transfer, withdraw, or attend less than half-time.
• More information about the Federal Direct Loan Program.

The Financial Aid Office understands that students often need to borrow money to help with school related expenses. Typically, a student who takes out a loan is making a good investment in their future. However, many students enter into debt without a clear picture of how it will affect them in the long run. DVC is dedicated to student success and encourages students to borrow wisely.

Before applying for student loans, we encourage students to consider part-time employment as a way to help pay for their expenses. Please visit DVC Career Services to explore job opportunities both on and off campus. We also encourage students to actively search for scholarships. A little bit of effort in this area has the potential to save students hundreds or even thousands of dollars in student loan debt.

To plan accordingly, it is important to understand how much it costs to live and go to school. Review financial coaching to get a better understanding of expenses. Please note that students living away from their parents may experience higher costs due to housing and transportation.

We also recommend that students keep their loan borrowing below $25,000 during their time at a community college. It is in the student's best interest to borrow responsibly. Students applying will be asked to provide a thorough and accurate budget reflecting income and expenses for the current academic year.

You must meet the following requirement to be considered for a student loan:

• Submission of a valid FAFSA for the appropriate academic year
• Submission of required financial aid documents and financial aid file completion
• Enrollment in at least six degree-applicable units
• Adhere to the Satisfactory Academic Progress Policy with a status of Satisfactory, Warning, or Probation

Students enrolled for the 2024-2025 academic year can apply for a student loan by completing the steps below.

To apply, complete the following steps:

1. Submit a 2024-2025 FAFSA (for fall 2024, spring 2025, and summer 2025) and make sure to include Diablo Valley College's school code (001191).
2. Complete an undergraduate Master Promissory Note (MPN). If you have completed an MPN in the last ten years for a Direct Student Loan you may skip this step.
3. Complete Loan Entrance Counseling.
4. Log into InSite and submit all documents requested on the Financial Aid Checklist.
5. Submit your loan request online by following these steps: log into InSite, select the Financial Aid Tile, select Financial Aid Status/Checklist, click Financial Aid from the toolbar menu, and select Request a New Loan. 
   Note: Amount requested may not represent amount you are eligible to receive. Please allow 4-6 weeks for processing.
6. Select how to receive your funds by selecting My FA Disbursements from the Financial Aid tile menu.

After completing this process:

• You will receive an confirmation email after your loan request is submitted. Student loan requests may take four to six weeks to process based on whether or not all the requirements above have been completed.
• If you are offered student loan(s), your will be notified via email that your loan request has been Accepted. Your loan(s) will appear under My Awards on InSite and you will be required to actively accept your awards from your award letter in order for the loan funding to be released.
• If you would like to request a change to loan amount offered please submit your request in writing to financialaid@dvc.edu. Loan request change will take an additional two weeks to process from the time you submit the change request. You will be notified via email if you loan change will be rejected or accepted. Please note that requests to increase your loan amount beyond what has been offered may require additional follow-up from the Financial Aid Office to determine if the request can be accommodated.
• There are limits in the amount of student loans you may borrow based on your dependency status, number of units completed, cost of attendance, unmet need, and annual and aggregate loan limits. Please note that community college students are subject to first year and second year undergraduate borrowing limits.
• Please note that the Financial Aid Office has the authority to reduce or deny any loan request on a case-by-case basis.

DVC requires all federal student loan borrowers to complete exit loan counseling if they are not enrolled at least half-time. Student loan exit counseling can be completed by logging into your student loans account.

Exit counseling provides borrowers with important information about:

• monthly repayment amounts,
• repayment plan options,
• terms and conditions forbearance and deferment,
• terms and conditions for forgiveness or cancellation,
• consequences for delinquency and default,
• options and consequences of loan consolidation,
• strategies for managing student debt,
• other information.

• Parent PLUS Loans are provided by the Federal Government.
• The Parent PLUS Federal Loan must be repaid with interest by the person who took out the loan (the student's biological parent, custodial stepparent or adoptive parent).
• Must be a U.S. Citizen or eligible non-citizen to qualify
• These loans can be either need-based, or non-need-based.
• A credit check is required as part of the application process.
• Loan interest will accrue while the student is in school. The loan recipient can request deferment of repayment while the student is in school and for up to 6 months after.
• To apply:
  • Submit the FAFSA
  • Complete and submit the Federal Direct Parent PLUS Loan Request form
  • Complete Department of Education Parent PLUS Loan requirements

1. The student must submit a valid FAFSA for the appropriate academic year to DVC.
   • Students enrolled for the fall 2024, spring 2025 and/or summer 2025 must complete the 2024-2025 FAFSA. Federal Direct Parent PLUS Request Form cannot be processed without a completed FAFSA on file for the student.
2. Complete and return a Federal Direct Parent PLUS Loan Request form.
   • The student must submit the Federal Direct Parent PLUS Loan Request form (based on the the period of enrollment they are enrolled or intend to enroll for the academic year) via our secure Document Uploader. Be sure to print clearly and answer all questions. This form collects the information necessary for DVC to electronically transmit loan data to the Department of Education. It also authorizes the Department of Education to send the loan funds to DVC using Electronic Funds Transfer (EFT) and for DVC to release the check in the name of the student via parent authorization.
3. Complete Department of Education Online Requirements.
   • Parent borrowers must complete the Parent PLUS Loan requirements.