Kaskaskia College participates in the Federal Direct Loan program. Federal Direct Loans
are either Subsidized or Unsubsidized.
To participate in the loan programs, the student must meet Satisfactory Academic
Progress requirements. Loans are not processed retroactively for prior completed
semesters.
To qualify for a subsidized loan, the student must demonstrate financial need;
unsubsidized loans are open to all students. While the student is in school, payment of
principal is deferred on both types of loans. Interest on subsidized loans is paid with
federal funds, whereas the student is responsible for accrued interest on unsubsidized
loans. The amount and type of loan that a student may borrow at Kaskaskia College will
vary depending on the student’s financial need and other sources of aid being received.
A student can borrow no more than $12,000 total in student loans throughout their
academic career at Kaskaskia College.
The Direct Loan process consists of three steps. All steps must be completed before
your loan can be fully processed.
1. Online Entrance Loan Counseling is the first in completing your Direct Loan. This
process will take approximately 30-45 minutes. At the homepage, click on
“Entrance & Exit Counseling”. Next, click on “Entrance Counseling”. Choose a
Stafford Loan then click on “Tutorial and Quiz (New Session)”. Review the
content and take the quiz. Enter your personal information and select the school
you want to receive the confirmation. Print the list of Rights and Responsibilities
for your personal records.
Click here to complete Online Student Loan Counseling
2. Completing the Electronic Master Promissory Note is the next step in the Direct
Loan process. Your social security number, driver’s license number, and FAFSA
PIN will all be needed while filling out the Promissory Note. If you do not
remember your PIN number, you can request a duplicate on the PIN Website at
www.pin.ed.gov.
You will also need the names, addresses, and telephone
numbers for two references residing at different addresses.
Click here to complete the Electronic Master Promissory Note
3. After the Master Promissory Note has been completed, there are two options. If
you have not taken out a loan at Kaskaskia College within the last year, you
must schedule an appointment to speak to Lisa Collier, Director of Financial Aid,
to receive further information and make decisions regarding your loans. You may
contact the Financial Aid office to make an appointment by calling (618) 545-3080.
Students who had a loan at Kaskaskia College during the previous school year
and are interested in applying for a loan for the current year or students who is
simply making an adjustment to or cancelling a current student loan are not
required to meet with Lisa Collier. These students can add or adjust a loan by
filling out a Direct Loan Request Form in the Financial Aid Office or by filling out
the form from the link listed below. If the form is being printed from this
website, it needs to be completed, signed, and returned to the Financial Aid
Office. It can be mailed or faxed, and the contact information is listed on the form.
Click here to complete the Direct Loan Request Form 2009-2010 