Riverside Community College District | Services | Student Financial Services

Loan Information

How do I apply for a student loan at Riverside Community College??

Riverside Community College (RCC) participates in the Federal Family Education Loan Program (FFELP), offering both subsidized and unsubsidized Stafford loans to our students. These loans enable students to postpone part of their educational expenses by borrowing directly from a participating lending institution. We want to make sure you understand, unlike grants and scholarships, a student loan must be repaid with interest and should be requested only after you have exhausted all 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. Therefore, RCCD does not recommend borrowing more than $10,000 at the Community College level. (This amount includes loan from other institutions attended and previous loans from RCCD).

WHAT YOU WILL NEED BEFORE REQUESTING A STUDENT LOAN FROM RCC

You must have an active RCC e-mail and mailing address on file with the RCC Admissions and Records Office. Any corrections may be made in Web Advisor at www.rcc.edu
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 turning in all required documents to the RCC Student Financial Services (SFS) office. You can view your required documents on Web Advisor by logging in at www.rcc.edu and looking under the required documents field for 2009-2010.
You must have received your Revised notification of financial assistance eligibility for the 2009-2010 academic year. It will be sent via email to your RCC Student email account.
You must have a current full program RCC Official Student Educational Plan (SEP) with a matching declared academic program on file with the Admissions and Records Office and must be actively enrolled in at least 6 units as outlined for that declared program. (Although you may be registered, you must be in attendance and your classes must have already started) SEP must include all official transcripts from all colleges attended. One semester SEP plans will not be accepted.
You must be making Satisfactory Academic Progress (SAP). Our SAP standard may be viewed at www.rcc.edu/studentfinancialservices in our consumer guide.
You must not be in default/ or owe an overpayment to any financial aid program
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.

Once you have met all of the above requirements, you may request a Student Loan Packet from any SFS office. You loan will not be certified unless a completed packet is received by the SFS office.

Additional information regarding the Student Loan process at RCC can be found in our consumer guide on our website at www.rcc.edu/studentfinancialservices. Additional information regarding students loans can be located at www.edfund.org

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