Grants and loans can go a long way to help you achieve your educational goals. OJC offers Federal Stafford Loans through the Direct Loan program.
Please click here and read this important Financial Aid Announcement from Dr. Nancy McCallin, CCCS President
Follow the steps below to start your loan application process today:
Eligibility Requirements:
1. The Free Application for Federal Student Aid (FAFSA) must be completed. NOTE: The school code for OJC is # 001362, you will need this for your FAFSA application.
2. All requested or required documents must be submitted to OJC Student Services.
3. Your financial aid file must be reviewed and you have an offer of a Student Loan by Award Notification or by reviewing your Self Service Banner Account.
4. You must be enrolled in a financial aid eligible degree and/or certificate program.
5. You must be attending 6 or more credit hours.
6. You must be making Satisfactory Academic Progress in accordance with OJC's financial aid policy.
Otero Junior College has now joined the Federal Direct Loan Program. Follow the steps below to begin the loan application process:
1. Entrance Counseling: If you are a first time borrower or switching to Direct Lending you must complete Entrance Counseling before you can receive any loan funds. Go to www.dl.ed.gov and look for the link to Entrance and Exit Counseling on the top right hand side of the page. After you have completed your Entrance Counseling, OJC Financial Aid Office will be notified.
2. Completing Master Promissory Note: All students using Direct Lending must complete a new Master Promissory Note; please visit www.dlenote.ed.gov, where you will click on “Complete New MPN for Student Loans”. OJC Financial Aid Office will receive notification once you have completed this process.
3. Accept Loan Offer: All loan borrowers must fill out a Loan Acceptance Form to request the amount of loan you wish to borrow. Download the form here or copies are available in the Financial Aid Office. Please submit completed form to the OJC Financial Aid Office for further processing.
**Note for Parent Borrowers: "Eligibility Requirements" must be met by your student before we are able to process a Parent Loan for Undergraduate Students (PLUS).
*** Note Loans must be repaid after you graduate, leave school or fail to enroll in at least 6 semester credit hours. All students who borrow from the Direct Loan Programs must complete exit counseling when they graduate or stop attending the school, for which the loans were borrowed, on at least a half-basis. This requirement can be fulfilled by logging online to the web address below:
(Entrance and Exit Counseling)
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Grants & Loans
