More Information About Student Loans
Often, students need to borrow money to help
with school related expenses. Typically, a student who needs to borrow to complete
school is making a good investment in their future. However, many students enter
into debt without a clear picture of how it will affect them in the long run. The
SRJC Financial Aid office is dedicated to student success. To help students successfully
navigate the student loan process and develop a realistic educational borrowing plan,
our loan application includes a “Responsible Borrowers Worksheet”. We
also have workshops to assist you in completing the Responsible Borrowers
worksheet. The complete list of upcoming Responsible
Borrowers Workshops is available online.
Ways to reduce debt: jobs, scholarships, & budget planning
We encourage students to consider part-time employment as a way
to help pay for their expenses. Please visit the SRJC Career Development Center on
the Santa Rosa Campus in the Bertolini Student Center or online at www.santarosa.edu/career to
explore job opportunities both on and off campus. We also encourage students to actively
search for scholarships. A little bit of effort in this area has the potential to
save students hundreds or even thousands of dollars in student loan debt. Visit the
Santa Rosa Junior College Scholarship office on the Santa Rosa Campus in Plover Hall,
on the Petaluma Campus in Room 116, Jacobs Hall or at www.santarosa.edu/scholarship for
more information. To plan accordingly, it is important to understand how much it
costs to live and go to school. Here is a link to the student
expense budget, which
defines a reasonable expectation of cost – note
that many students living away from their parents may experience higher costs due
to housing and transportation.
The Student Loan Process at SRJC
- Student must apply for financial aid to receive a student loan by completing the Free Application for Student Aid at www.fafsa.ed.gov; SRJC’s school code is 001287.
- After completing the FAFSA, students will receive a Student Aid Report from the US Department of Education.
- Within a few weeks of receiving the SAR, students will receive a letter from the SRJC Financial
Aid office requesting additional information and/or documents to be submitted.
- The letter will also advise students interested in student loans, that the Stafford
Loan Request Form can be picked up from the Financial Aid Office or can be downloaded.
- After the documents requested by the Santa Rosa Junior College Financial Aid office are completed and returned,
the file will be reviewed for grant, work study, and BOG fee waiver eligibility.
An initial award letter will be mailed to the student. When the Stafford Loan Request
form is submitted, it is processed in date order after other awards have been determined.
This often takes 2-4 additional weeks.
- A student then receives notification explaining
if their loan is approved or denied. If the loan is approved a loan packet
is mailed to the student. This packet includes a revised award letter, instructions,
and a schedule of disbursement dates.
- The student must then complete
and submit the Direct Loan Promissory Note online at http://studentloans.gov.
Detailed instructions on how to fill out your promissory note online are available
- The student will complete any necessary entrance counseling workshops
www.santarosa.edu/app/paying-for-college/financial_aid_office/entrance-loan-counseling or any necessary exit counseling workshops www.santarosa.edu/app/paying-for-college/financial_aid_office/exit-loan-counseling/
- The funds are requested, transferred electronically to the school, and mailed to the student
on the next available loan disbursement date.
- The student’s financial stress is eased during the school year allowing
them to focus on their studies and complete their educational goal, which in turn
offers them more career opportunities. When the student is able to successfully complete
their education in a timely manner and then work in their chosen field, the debt