Federal Direct Loan Process
An education loan is a form of financial aid that must be repaid, with interest. Student loans are loans taken out in the name of the student. They must be used for educationally related expenses, such as tuition, books, housing, and any other cost associated with going to college.
To apply for a loan, you must complete the steps below. Please select First-Time Borrower if you have not borrowed at Clark College. If you are a returning Clark College borrower, please select Returning Borrower.
For more information about Direct loans, go to the Department of Education’s loan page.
Federal Direct Loan
- First-Time Borrower
- Returning Borrower
- Exit Counseling (Is required when a student graduates, transfers to another college, leaves school or drops below half-time enrollment.)
The 2018-2019 Direct Loan Application is now available. The loan application is NOT available until your other aid has been awarded and is displayed in the Portal.
Direct Loan 2018-2019 deadline dates
To ensure that your loan is processed in time, submit all requested documents by the following dates for the 2018-2019 academic year.
- Summer 2018 – August 21, 2018
- Fall 2018 – December 3, 2018
- Winter 2019 – March 11, 2019
- Spring 2019 – June 10, 2019
Direct Subsidized Loan Time Limitation
If you receive your first federal student loan after June 30, 2013, there is a limit on the maximum period of time that you can receive Direct Subsidized Loans. In general, you may only receive Direct Subsidized Loans up to 150% of the published length of your program. This is called your “maximum eligibility period.”
The Department of Education will determine loan usage and your maximum eligibility based on the length of your program measured in months. For example, a one (1) year certificate is nine (9) months in length and a two (2) year degree is eighteen (18) months in length.
Learn more about the Direct Subsidized Loan time limitation.