Loan Information
Rio Hondo
College participates in the Federal Family Education Loan
Program (FFELP), offering both subsidized and unsubsidized
Stafford loans to our students. Unlike, grants and
scholarships, a student loan must be repaid with interest and
should be requested only after you have exhausted al other
resources of financial assistance.
The Federal
Student Loan Program has annual and lifetime aggregate borrowing
limits for your undergraduate study. Borrowing too much too
early in your education career can limit your borrowing when you
transfer to or attend a 4 year institution.
All
students applying for a federal student loan
at Rio Hondo College must attend a Mandatory Loan Workshop.
Loan Workshops dates are listed below.
WHAT
YOU WILL NEED BEFORE REQUESTING A STUDENT LOAN FROM RHC
-
You must have completed the
2009-2010 Free Application for Federal Student Aid (FAFSA)
-
You must have completed your
2009-2010 financial aid file by submitting all required
documents to the RHC Office of Financial Aid
-
You must be making
Satisfactory Academic Progress (SAP). Our SAP standard may
be viewed at
www.riohondo.edu/students/financialaid
-
You must be enrolled in at
least (6) units per semester in a program leading to a
degree or certificate at Rio Hondo College and/or transfer
to a university
-
You
must not be in default/or owe an overpayment to any
financial aid program
-
Attend a mandatory loan
workshop
-
You
must complete and pass a Loan Entrance Exam online at
www.edfund.net and provide a printed confirmation of
successful completion of the test. Please be sure to select
"California" and "Rio Hondo College" when you are required.
Since you have never received a loan at Rio Hondo College be
sure to select the "Entrance Exam".
Loan packets
will be distributed at the loan workshop. It is mandatory that
students return their Loan Application Worksheet and MPN to the
Office of Financial Aid within 48 hours of
attending a loan workshop.
Fall 2009 Loan Workshop Dates and
Times
Dates to be posted later
For
additional loan information please refer to the
FFELP Stafford Loan Information and
Application Process link.
***Note beginning the 2010-2011 year
RHC Office of Financial Aid will no longer be participating in
the Stafford Loan Program. RHC will officially become a
participant in the Federal Stafford Direct Lending Program. No
longer is it necessary for students to select a lender to
service their loan.
