Southwestern College participates in the William D. Ford Federal Direct Loan Program. Direct loans are simple. You borrow directly from the federal government and have a single contact for everything related to the repayment of your loans. You will have online access to your account information 24 hours a day, 7 days a week at Student Loans.gov and can choose from several repayment plans that are designed to meet your needs.
Direct Loan Documents for 2016-17
For more information on the Direct Loan Program, please use the links below.
Types of Loans, Limits & Interest Rates
Information on subsidized and unsubsidized loans, loan limits, interest rates and fees and the college's participation in the Department Of Education's Experimental Sites Initiatives (ESI).
Applying for a Loan
Information on how to submit a loan application, eligibility, important dates and deadlines, the confirmation process and direct loan packaging.
Awarding and Disbursement of Loans
Information on loan award letters, disbursement procedures, the right to cancel or reduce your direct loan and post withdrawal disbursements.
Cancel or Reduce your Loan
Link to the form you will need to submit if you wish to cancel and reduce the amount of your direct loan
Entrance and Exit Counseling
Information on required entrance and exit counseling and links to pdfs of Department of Education guides
Loan Default and Default Prevention
Information on the impact of defaulting on your direct loan and tools to help prevent that from occurring
Loan Repayment & Leaving School
Information on what happens when you go into repayment status on your direct loan, grace period and the Master Promissory Note (MPN).
If you have any questions on Direct Loans or the SWC Student Loan Program, please contact our Student Loan Specialist, Katherine Abara, at email@example.com. She is available to meet with students during specialist walk-in hours on Tuesdays from 1:30pm-3pm and Wednesdays from 10am-11:30am or by appointment.