Financial Aid Office ● 197 Franklin St. • Auburn, NY  13021

   315-255-1743 ext. 2470 • Fax 315-252-2185


Additional Loan Application 2014-2015


 

Application Procedures:

·         A completed additional loan application must be returned to the Financial Aid Office.

·         A completed FAFSA must also be on file and all requirements met.

·         A promissory note must be completed on line at http://studentloans.gov using your PIN

       available at www.pin.ed.gov (this is the same PIN used for your FAFSA).

·         First time borrowers at Cayuga must complete entrance counseling at http://studentloans.gov

      using your PIN available at www.pin.ed.gov (this is the same PIN used for your FAFSA).

·         Student must be registered in at least 6 credits at the time the loan is disbursed.

·         Students must maintain Satisfactory Academic Progress (SAP).

 

How much can I borrow?

First year students may be eligible to borrow up to a maximum of $3500 and students who have completed at least 28 credit hours may be eligible to borrow up to a maximum of $4500 per academic year.  Dependent students may be eligible to borrow an additional $2000.  Independent students may be eligible to borrow an additional $4000. The amount a student can borrow is also determined by the student’s school costs, other financial aid the student may receive, and the student’s Expected Family Contribution (EFC).

                                                                                                                                                                       

Name_________________________________________________________________________

Cayuga ID#   C___________________________________

Amount of Additional Loan Request $________________________________________

This loan is for:           Fall & Spring  _______________       Spring Only  _______________

Note: We do not process fall only loans.

If my bill at Cayuga is deferred by this loan, and I fail to meet all of the requirements for disbursement, I will owe Cayuga County Community College the amount deferred and I will be obligated to pay collection charges for any amount not paid when due.

Student Signature_______________________________________             Date___________________

 

                                                                                                                                                                       

 

Approved amount: _________________     Disapproved - reason: _____________________________

 

You are applying for a loan -- which must be repaid.