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Direct Loans
Loan Applications ReadyJuly 6, 2010: Fall 2010/Spring 2011, and/or Fall only Applications ready for pick up Loan Updates!Beginning summer 2010, Chabot College will participate in the William D. Ford Federal Direct Loan (Direct Loan) Program. Students who previously received loans through the Federal Family Education Loan (FFEL) Program will now borrow through the Direct Loan Program. For more information about the Direct Loan Program, visit: http://www.studentloans.gov Benefits of the Direct Loan ProgramDirect Loans and FFEL Program Loans have the same annual and aggregate loan limits, the same deferment and cancellation provisions, and most of the same repayment plans (Standard, Graduated, Extended, Income-Based.) The interest rates for FFEL Program Stafford Loans and Direct Subsidized and Unsubsidized Loans are also the same. Direct Loans also have some benefits that are available only in the Direct Loan Program, such as: Up-Front Interest Rebate Income Contingent Repayment Plan (in addition to the Income-Based Repayment Plan) Public Service Loan Forgiveness Program No interest charged (for up to 60 months) during qualifying periods of active duty military service (for loans first disbursed on or after October 1, 2008) A loan is a long-term financial obligationA Student loan is a long-term financial obligation. We provide information in your loan packet, brochures and this website to help you make an informed decision about borrowing a student loan, and understand Chabot's Loan Policies. To understand Federal regulations regarding the Direct Loan Program, please make sure that you complete the online entrance and exit counseling required for your Direct Loan application. Disclaimer: Some Chabot College Financial Aid Web Pages may provide links to other Internet sites for the convenience of users. Chabot College Financial Aid is not responsible for the availability or content of these external sites, nor does Chabot College Financial Aid endorse, warrant, or guarantee the products, services, or information described or offered at these other Internet sites. Users cannot assume that the external sites will abide by the same privacy policy to which Chabot College Financial Aid adheres. It is the responsibility of the user to examine the copyright and licensing restrictions of linked pages and to secure all necessary permissions.
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