Cuyahoga Community College is committed to promoting student success through responsible student loan borrowing. Student loans are borrowed money that has to be repaid, with interest, to the U.S. Department of Education. The William D. Ford Federal Direct Loan is a low-interest loan for students to help pay for the cost of college education. Moderate student loan borrowing demonstrates financial responsibility and ensures students incur limited debt to finance their education.
NEW STUDENT LOAN BORROWERS:
First-time student loan borrowers are required to complete an Entrance Counseling session as well as the Master Promissory Note prior to borrowing a student loan. The Entrance Counseling session helps students understand their rights and responsibilities as a student loan borrower. The Entrance Counseling and Master Promissory Note must be completed before student loan funds can be approved.
EXISTING STUDENT LOAN BORROWERS:
Students who have borrowed federal student loans are required to complete and Exit Interview Counseling session upon graduating, dropping below six (6) credit hours, or withdrawing from school. The Exit Counseling session can be completed online at www.nlsds.ed.gov. The Office of Student Financial Aid & Scholarships also provides comprehensive financial education counseling sessions to assist students with understanding all student loans borrowed and potential repayment options.
Cleveland , United States