Learn how each loan type is awarded and the policy for cancelling and reinstating loans.

Direct Subsidized and/or Unsubsidized Loans 

The Office of Financial Aid awards Direct loans to students. For students who previously received Direct loans at 海角社区, there is no action required to receive the funds. The Office of Financial Aid uses a passive confirmation process and will assume the student wishes to receive the full amount listed on the award letter unless the student submits a Loan Revision Form to reduce or cancel the loans.  For students who are receiving Direct loans for the first time at 海角社区, there are two action steps required (master promissory note and entrance counseling).

Returning/Current Students

Returning/current students must complete the action steps by the priority deadline or the loan will be cancelled at that time. Current students who are awarded aid later and who have not completed the steps within 30 days of notification will have their loans cancelled. The student will be notified via email that the loan was cancelled.

New Students

New students should complete the actions steps for their loans by the priority deadline, if possible. If not, the loans will be cancelled 30 days after the semester has started. If the student is awarded later, the loans will be cancelled 30 days after awarding if the steps have not been completed. The student will be notified via email that the loan was cancelled.

Graduate PLUS Loans

The Office of Financial Aid indicates eligibility for Graduate PLUS loans for Pharmacy and GEI students only. All Graduate PLUS loan borrowers (both new and returning), must complete the action step of applying /being approved for the PLUS loan each year. Additionally,  for students who are taking a Graduate PLUS loan for the first time at 海角社区, a master promissory note must be completed. Graduate PLUS borrowers who require a cosigner must complete a master promissory note every year.

Returning/Current Students

Returning/current Students must complete the action steps by the priority deadline or the loan will be cancelled at that time. Students who are awarded aid later and who have not completed the steps within 30 days of notification will have their loans cancelled.

New Students

New students should complete the actions steps for their loans by the priority deadline, if possible. If not, the loan will be cancelled 30 days after the semester has started. If the student is awarded later, the loan will be cancelled 30 days after awarding if the steps have not been completed. The student will be notified via email that the loan was cancelled.

Reinstating Loans

To reinstate the Direct Subsidized/Unsubsidized or PLUS loans, the student and/or parent will need to complete the action steps and submit a Loan Reinstatement Request Form to request that the loan be reinstated. The action steps for each loan are listed in the loans section. The Loan Reinstatement Request form is available in the forms and publications section.