If you wish to apply for 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. Financial Services 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 Bursar’s Office (allow extra time for processing due to the July 4th holiday, observed on July 3rd)
  • 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


* Indicates a required field

  • Name * Required

  • Semesters You Intend to Receive a Federal Direct Loan

    You may complete this form only once each academic year so please make sure to indicate all semesters you intend to receive a Federal Direct Loan. The 2020-21 award year includes the following terms: Summer 2020, Fall 2020, and Spring 2021.

    I am requesting a federal student loan for the following semesters and in the following amount(s):
  • Enter desired amount*, “maximum,” or NA if you are not requesting a loan for this semester.
  • Enter desired amount*, “maximum,” or NA if you are not requesting a loan for this semester.
  • Enter desired amount*, “maximum,” or NA if you are not requesting a loan for this semester.
  • *Amount requested may be reduced based on federal awarding rules and maximum semester eligibility.

  • My expected enrollment for each term is as follows:

  • Summer 2020 * Required
  • Fall 2020 * Required
  • Spring 2021 * Required
  • Reminder: You must be enrolled at least half-time (6 or more hours) prior to applying for a loan. Changes in your schedule can impact processing and receipt of your loan.
  • If you are graduating from LCCC this year, please indicate your term of graduation:

  • We strongly encourage you to borrow only what you need for the award year (summer, fall, and spring). Federal loans require repayment, and the amount you can borrow in your lifetime is limited. If you need to borrow student loans, we want to help ensure you have enough to complete your educational goals and keep your overall student borrowing to a minimum.

    To help you determine how much you may need to borrow, consider your tuition and fees for each semester you plan to enroll, plus any additional costs you may incur (books/supplies, living expenses, travel, etc.). If you need help determining how much you need, contact our office for guidance. We will be happy to help you.


  • Email * Required
    By entering my email address and submitting this request form, I confirm that I have read the information within this request form.

    Upon successful submission of this form, you will receive an email confirmation at the address provided above. Please ensure that you enter your email address correctly.