If you wish to request a Federal Direct Loan for the 2020-2021 award year, please review this information carefully and follow each step. Learn more about Federal Direct Loans


LCCC Loan Application Steps

  1. Review your contact information in MyCampus. If you need to update or change information, complete the Change of Personal Information Form and submit to the Records Office. Incorrect information may delay processing your financial aid request.
  2. Complete the Federal Direct Loan Request Form below. Student Financial Aid will process your request. Monitor the status of your request by viewing your Financial Aid in the Student Center of MyCampus and your LCCC email address.  
  3. If you are a first-time federal student loan borrower at LCCC or have been selected by the Department of Education, you must complete the online requirements at http://www.studentaid.gov (you will need your FSA ID and password!):
    • Entrance Counseling – the online counseling process to ensure that you understand the responsibilities and obligations you are assuming
    • Loan Agreement (Master Promissory Note) – the legal document in which you promise to repay your loan(s). It explains the terms and conditions of your loan(s).

If you are unsure if you need to complete either part of Step 3, monitor your ToDo list in the Student Center of MyCampus. Required steps/items will appear as a reminder that you still need to complete them.

Attention: if you are currently unemployed/underemployed and/or receiving unemployment benefits, you may be eligible for non-loan funds through alternative sources. If you would like to pursue this alternative to loans, please email Carrie Delaney at cdelaney@lorainccc.edu for more information and do not submit this form.


Review the information in the following sections before continuing with your federal direct loan request.

Loan Eligibility

Students must be enrolled at least half-time (6 credit hours) in order to be eligible for federal student loans, as well as meet all federal aid requirements (ie. valid FAFSA, Satisfactory Academic Progress, etc.). Additionally, LCCC requires attendance and reporting of midterm grades in order for federal loans to disburse to your student account. If you have multiple classes with varying start dates, your loan disbursement(s) will be dependent upon reported attendance and midterm grade in a minimum of 6 credit hours.

For example, if your fall (or spring) semester enrollment includes a 3-credit 8A course and a 3-credit 8B course, your loan(s) will not disburse until your instructor for the 8B course reports your attendance and midterm grade. (Fall and spring courses also require a reported midterm grade before disbursement.)

Loan Disbursement


  • Loan(s) will disburse in two payments. For full-term classes, the disbursements occur during the 5th and 10th week of the semester.
  • You must “commence attendance” then have a midterm grade in order for your loans to disburse at the scheduled dates. Your instructor(s) will report both of these requirements in Canvas for each of your enrolled classes.
  • At the time of the each disbursement, you must be enrolled in, have reported attendance for, and be actively pursuing course completion in at least 6 credit hours. (Example: if your semester enrollment includes a 3-credit 8A course and a 3-credit 8B course, your loan(s) will not disburse until your instructor for the 8B course reports your attendance.)


  • Loan(s) will disburse in two back-to-back payments, on or around July 1st. Credit balance refunds will be processed by the Student Accounts Office (allow extra time for processing due to the July 4th holiday)
  • You must “commence attendance” in a minimum of 6 credit hours in order for your loans to disburse. Your instructor(s) will report this requirement in Canvas for each of your enrolled classes.

****Final grades of W or U, or a midterm/final grade of FAW will not be counted towards the total hours for the minimum 6 credit hour disbursement requirement.****

Calculation of Amount of Loan(s)

Term eligibility based on grade level:

  • First Year: $1,750 + $1,000 unsubsidized – maximum $2,750 per term
  • Second Year: $2,250 + $1,000 unsubsidized – maximum $3,250 per term

Independent undergraduates may be eligible for additional Federal Unsubsidized Loan above the amounts shown above.

The actual amount you are eligible to borrow is determined by a federal formula: your Cost of Attendance minus your Expected Family Contribution (EFC from FAFSA) minus any other aid. The remaining figure will reflect your remaining financial aid eligibility.

COA – EFC – other aid (Pell, Scholarship, etc.) = remaining aid eligibility

Please be aware that if you receive any other scholarships or awards, it may reduce your loan eligibility. Requesting a loan may also affect your eligibility for Federal-Work Study. Contact Financial Services with questions specific to your financial aid situation.

Electronic Funds Transfer & Right to Refuse

Once federal loans are electronically transmitted to LCCC, they are credited to your tuition account with the Bursar’s Office. You have the right to cancel your Federal Direct Loan at any time during the current enrollment period by notifying the Financial Services Center. Note: funds will not be credited to your student account until you meet all eligibility requirements (see Loan Eligibility and Loan Disbursement above).



Federal Direct Loan Request Form


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