ENTRANCE COUNSELING - ED FUND

Stafford Student Loan-money which is borrowed directly from a bank or other participating lender who is willing to make the student loans. Repayment begins six months after dropping below six units or after leaving school with a minimum of $53 repayment per month at eight (8%) percent interest. 

Depending upon the size of your monthly payments, it may take up to ten years to repay your loan. Students must apply for a Pell Grant before applying for a student loan. The deadline is 30 days before the last day of school for the semester/semesters money is borrowed.

Alternative Private Loans-money which is borrowed from a bank.  Terms are negotiable.  The rates are often much higher and this loan often requires a co-signer.  Even though these are not federally subsidized, the financial aid office is often required to confirm eligibility.  If we confirm eligibility, the loan amount cannot exceed your cost of attendance at Mendocino College.  Please talk to your financial aid tech before taking out one of these loans.

Sign up today!

Created: February 28, 1997 @ 12:00 AM
Last Modified: November 21, 2008 @ 12:30 PM