| Diablo Valley College Loan Policy
In an attempt to decrease
the number of student loan defaults and lower the level of student loan
indebtedness, Diablo Valley College (DVC) will implement the following
student loan policy for the 2001/2002 academic year. DIABLO
VALLEY COLLEGE STUDENT LOAN PHILOSOPHY While
Diablo Valley College believes that student loans are an integral part of
the federal aid programs, we are deeply concerned about student loan
default and high student loan indebtedness. Therefore, whenever possible,
we will encourage students to select work-study or off- campus employment
instead of student loans. In addition, we will encourage students to
borrow as little as possible at the community college level—where
educational costs are lower than at four-year colleges and universities. LOAN
APPLICATION: Probation or Suspension Diablo Valley College will
now require loan applicants to submit a written request for student loans.
Loan requests will be considered on a case-by-case and year-by-year basis.
Since research has shown that students who have academic progress problems
are more likely to fall into default, a student's academic progress (or
lack of it) will play a substantial part in the determination of the loan
request. In some cases, the student’s request may be approved, but
the amount of the loan may be reduced. LOAN
APPROVALS Students
whose loan requests are approved will be sent a loan application. At
the loan entrance interview, a Lender Representative will provide the
student with essential repayment and deferment information regarding the
loan. In addition, the Lender Representative will accept the
student’s completed loan application. The loan application will
then be certified by the Diablo Valley College Financial Aid Office and
sent to the lender. LOAN
EXIT INTERVIEWS In order to ensure that student borrowers are fully informed on loan repayment and deferment issues, loan recipients will be required to have a loan exit interview each academic year that they remain enrolled at Diablo Valley College. ADDITIONAL GUIDELINES
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