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 Loan Information
 

 

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.

 

 

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