Student Loans
The Federal Family Loan Program
The Federal Family Loan Program offers long term loans which will allow students to postpone paying for a portion of their school expenses until after they graduate or leave school. Repayment begins six months after completion or withdrawal from the program. Cascadia Community College participates in the Stafford Loan Program (subsidized and unsubsidized) and the Parent Loan to Undergraduate Students (PLUS).
- Subsidized Stafford Loans are need-based. The federal government pays interest on this type of loan while the student is in school.
- Unsubsidized Stafford Loans do not require a student to show financial need; however, the cost of the student's education must exceed any other financial aid offered. The student, not the federal government, is responsible
for paying all interest that accrues on this loan.
- PLUS Loans enable parents with good credit histories to borrow funds for the education expenses of each child who is a dependent undergraduate student enrolled at least half-time.
Parents must:
- Be borrowing on behalf of a dependent undergraduate student
- Be either a US Citizen, US National or eligible non-citizen
- Not be in default on any education loan or owe a refund on any education grant
- Not have an adverse credit history as defined by the US Department of Education
Dependent students must:
- Be either a US Citizen, US National or eligible non-citizen
- Be enrolled or accepted for enrollment at least half-time in a degree or certificate program at an eligible school
- Not be in default on any student loan or owe a refund on any education grant
Loan recipients must maintain 6 or more credits to maintain eligibility for Stafford Loans. If a student's enrollment drops below six credits during a quarter, the college is required by the U.S. Department of Education to cancel the student's loan. The student is no longer eligible to receive any further funds from the original loan application. The student must be re-approved for the receipt of further loan aid, and must submit a new student loan application form.
First-time student loan borrowers may experience a 30 day delay in the release of Stafford Loan checks. The college is required to hold loan checks 30 days into the quarter to ensure the student is making satisfactory academic progress. First time borrowers are required to go through loan entrance counseling when applying for the Federal Stafford loan and loan exit counseling upon leaving Cascadia Community College or graduating.
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Online Loan Entrance Counseling
Online Loan Entrance Counseling:
Stafford loan funds will not be disbursed to first-time borrowers at Cascadia until the required entrance counseling has been completed. You will go to the entrance counseling web site, review your rights and responsibilities as a borrower and complete a short quiz. Once you complete the quiz correctly, the results will be forwarded to the Student Financial Services Office. Please know you should have reviewed the Stafford Loan information packet received from our office prior to completing the counseling.
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Online Loan Exit Counseling
Online Loan Exit Counseling:
Loan exit counseling is required for loan recipients who cease enrollment at Cascadia Community College. You will go to the exit counseling web site, review your rights and responsibilities as a borrower and complete a short quiz. The results will be forwarded to the Student Financial Services Office.
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