Financial Assistance Policies & Procedures

Specific Regulations And Policies Governing Loans

1. All students, regardless of income, must complete a Free Application for Federal Student Aid (FAFSA) before a loan application can be processed.
   
2. The deadline for students applying for a loan for the following semester is midsemester. Processing of student loan applications must begin by mid-semester in order for the check to be on time for the beginning of the next semester. There are no retroactive loans.
   
3. ALL STUDENTS MUST COMPLETE ENTRANCE AND EXIT LOAN COUNSELING for each school year in which they have a loan. Any student who does not complete loan counseling will not receive his/her check.
   
4. First-time borrowers and first-time students at the College of Coastal Georgia must be enrolled for 30 days before loan checks can be released. Otherwise, loan checks must be released within 14 days of receipt by the
   institution.
   
5. IF A STUDENT'S LOAN CHECK HAS NOT ARRIVED WHEN IT IS TIME TO REGISTER, IT WILL BE THE STUDENT'S RESPONSIBILITY TO PAY FOR CLASSES. NO CLASSES WILL BE HELD BECAUSE A LOAN CHECK DID NOT ARRIVE.
   
6. Students receiving loans must maintain satisfactory academic progress.
   
7. Students must be enrolled for at least six (6) hours full semester or first semester to receive a loan check during that period. If a student drops to less than six hours, his/her loan will be canceled.
   
8. The Financial Aid Office may refuse to certify a Federal Stafford loan application or may reduce the borrower determination of need for the loan. This determination is made on a case-by-case basis.
   
9. Students have the prerogative to cancel a loan at any time.