Federal Family Loan Program:
To apply for a Federal Stafford Loan, students must first complete a Free Application for Federal Student Aid (FAFSA). Loan eligibility is determined based on the FAFSA information submitted to the federal processing center. Loans provide an opportunity for students enrolled in 6 or more units to defer educational costs by borrowing now and paying later. We do not encourage the use of Student Loans since the cost of attendance at Sierra College is low. Students are urged to save their loan eligibility for use at four-year colleges and universities where the cost of education is higher.For complete information on interest rates and repayment click here www.Edfund.org.
After you have submitted all requested documents and have received your Award Letter, you may contact the Financial Aid office for the “Loan Request Form and Loan Application Procedures" which may require to complete an Entrance Loan Counseling workshop Online (link listed below). You may also access the forms online at (click here) Forms site.
Lender Selection List:
When you are ready to select a lender, compare benefits they provide, review the programs they offer, and/or complete Master Promissory Note (MPN), click on here: Lender Selection List link.
Loan Workshops Online:
After you received a Sierra College Award Letter and submitted a Loan Request Form, you may do your Entrance Loan Workshop Online - click here.
If you had a loan through Sierra College and are graduating and/or transferring at the end of the semester, or have dropped below 6 units, you are required to do an Exit Loan Workshop which can be done Online - click here.