Evergreen Valley College participates in the U.S Department of Education's Direct Loan Program. Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education.
Subsidized and unsubsidized Direct Loans are available at EVC.
With Direct Loans you:
For more information about the Direct Loan Program go to:
Federal Direct Loan Program
YOU MUST READ THE STUDENT LOAN POLICIES AND APPLICATION PROCEDURES
BEFORE YOU SUBMIT A LOAN APPLICATION
Student Loan Application Procedure
**You must meet all eligibility requirements at the time of application submission.**
If you do not meet all of the eligibility requirements at the time of loan application submission your loan application will not be reviewed.
After all required documents have been received, notification of approval or denial is sent by e-mail within one week.
Online Entrance Loan Counseling and Master Promissory Note Instructions
Sign in on the Direct Loans website: https://studentloans.gov/myDirectLoan/index.action
Complete the Entrance Loan Counseling
After you have completed the Entrance Loan Counseling, complete the Master Promissory Note.
Your completed MPN will be sent to the EVC Financial Aid Office. You may want to print a copy for your records.
Direct Loan Definitions
A postponement of payment on a loan that is allowed under certain conditions and during which interest does not accrue on Direct Subsidized Loans, Subsidized Federal Stafford Loans, and Federal Perkins Loans. All other federal student loans that are deferred will continue to accrue interest. Any unpaid interest that accrued during the deferment period may be added to the principal balance (capitalized) of the loan(s).
A student who does not have an outstanding balance on a Direct Loan or FFEL Program as of July 1, 2013.
A period of time after borrowers graduate, leave school, or drop below half-time enrollment where they are not required to make payments on certain federal student loans. Some federal student loans will accrue interest during the grace period, and if the interest is unpaid, it will be added to the principal balance of the loan when the repayment period begins.
Loans for students with demonstrated financial need, as determined by federal regulations. No interest is charged while a student is in school at least half-time, during the grace period, and during deferment periods.
Loans for students not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.