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Financial Aid Loan

HOW MUCH CAN I BORROW?

Kaua'i CC is a two year college and can only certify 1st and 2nd year education levels, see the tables below by dependency for your annual loan limit.

Borrow conservatively, only what you will need to meet your educational expenses while you are enrolled at Kaua'i CC. Always keep in mind that student loans must be repaid. Some lenders charge loan fees so your net amount may be different from your requested amount.

The Smart Student Guide to Financial Aid at finaid.org has some excellent loan calculators to help students figure out how much to borrow, analyze the best repayment options, loan comparisons, and much, much more.

Dependent Undergraduate

Annual Loan Limit

College Level (credits earned toward degree)

Subsidized

Total (SUB/UNSUB)

FRESHMAN (1-24 credits)

$3,500

$5,500

SOPHOMORE (25+ credits)

$4,500

$6,500

Independent Undergraduate

Annual Loan Limit

College Level (credits earned toward degree)

Subsidized

Total (SUB/UNSUB)

FRESHMAN (1-24 credits)

$3,500

$9,500

SOPHOMORE (25+ credits)

$4,500

$10,500

HOW DO I APPLY?
When you are instructed to do so by the college, complete the MPN electronically at the Direct Loan Master Promissory Note website. The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the Department. It also explains the terms and conditions of your loan(s).

To complete an MPN online, you will be required to use your Department of Education-issued PIN. If you do not have a PIN, you may request one from the official PIN site. A parent borrower must also request a PIN number from the PIN site to use when completing a PLUS MPN.

In most cases, once you've submitted the MPN and it's been accepted, you won't have to fill out a new MPN for future loans you receive. Unless your school does not allow more than one loan to be made under the same MPN, you can borrow additional Direct Loans on a single MPN for up to 10 years.

WHEN WILL I GET MY MONEY?

Electronic funds are deposited into the University's account and released no earlier than 10 days before the start of a term. The University receives deposits on a weekly basis and runs disbursement regularly to credit your student account.

There may be a 30-day delay if you are considered a first-year; first-time borrower.

LOAN ENTRANCE INTERVIEW
If you are a first-time borrower at our college, you must complete a loan entrance interview. You can do this by either going on-line or requesting an appointment to meet with Financial Aid Office Staff.

PROBLEMS KEEPING TRACK OF YOUR STUDENT LOAN?
Track your students loans on the NSLDS website. You will see the dates you took out the loan, the orginal amount, what you owe now, the interest rate, and the amount of accumulated interest. You will also se the status of each loan such as whether you loan is in repayment or paid in full.

ARE YOU RETURNING TO COLLEGE AND DO YOU NEED A DEFERMENT FORM?

OR A LOAN FORGIVENESS OR CANCELLATION FORM?


Calendar
Academic and related financial aid events
Scholarships
Several recommended websites to apply and search for scholarships
FA Policies
Academic progress, federal repayment, and distance classes. My Rights & Responsibilities.

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