Funds for Direct Loans are provided by the U.S. government. These loans have low interest
rates and do not require credit checks or collateral. Unlike grants, loans must be
repaid with interest.
The interest rate for Federal Direct Student Loans depends on when the loan was first
All Direct Loans are either subsidized or unsubsidized. Under the subsidized loans,
the government pays the interest while the student is in school. With unsubsidized
loans, students pay all the interest.
Repayment for these loans begins six months after a student leaves school or drops
below half-time enrollment.
There is a required loan origination fee for Direct Loans. This fee is subtracted
proportionately from each loan disbursement. The Direct Loan origination fee for loans
first disbursed before October 1, 2021 is 1.057 percent and on or after October 1,
2021 is 1.057 percent.
Direct loans provide a variety of deferment options and extended repayment plans.
The Financial Aid Office understands that students often need to borrow money to help
with school related expenses. Typically, a student who takes out a loan 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. DVC is dedicated to student
success and encourages students to borrow wisely.
Before applying for student loans, we encourage students to consider part-time employment
as a way to help pay for their expenses. Please visit the DVC Career and Employment Services 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.
To plan accordingly, it is important to understand how much it costs to live and go
to school. Review college costs and money management to get a better understanding of expenses. Please note that students living away
from their parents may experience higher costs due to housing and transportation.
We also recommend that students keep their loan borrowing below $25,000 during their
time at a community college. It is in the student's best interest to borrow responsibly.
Students applying will be asked to provide a thorough and accurate budget reflecting
income and expenses for the current academic year.
Direct loan application process
You must meet the following requirement to be considered for a student loan:
Submission of a valid FAFSA for the appropriate academic year
Submission of required financial aid documents and financial aid file completion
Enrollment in at least six degree-applicable units
Log into InSite and submit all documents requested on the Financial Aid Checklist.
Submit your loan request online by following these steps: log into InSite, select the Financial Aid Tile, select Financial Aid Status/Checklist,
click Financial Aid from the toolbar menu, and select Request a New Loan. Note: Amount requested may not represent amount you are eligible to receive. Please
allow 4-6 weeks for processing.
Select how to receive your funds by selecting My FA Disbursements from the Financial
Aid tile menu.
After completing this process:
You will receive an confirmation email after your loan request is submitted. Student
loan requests may take four to six weeks to process based on whether or not all the
requirements above have been completed.
If you are offered student loan(s), your will be notified via email that your loan
request has been Accepted. Your loan(s) will appear under My Awards on InSite and
you will be required to actively accept your awards from your award letter in order
for the loan funding to be released.
If you would like to request a change to loan amount offered please submit your request
in writing to email@example.com. Loan request change will take an additional two weeks to process from the time you
submit the change request. You will be notified via email if you loan change will
be rejected or accepted. Please note that requests to increase your loan amount beyond
what has been offered may require additional follow-up from the Financial Aid Office
to determine if the request can be accommodated.
There are limits in the amount of student loans you may borrow based on your dependency
status, number of units completed, cost of attendance, unmet need, and annual and aggregate loan limits. Please note that community college students are subject to first year and second
year undergraduate borrowing limits.
Please note that the Financial Aid Office has the authority to reduce or deny any
loan request on a case-by-case basis.
Parent PLUS Loan
The Parent PLUS Federal Loan is for the biological parent, custodial stepparent (if information was reported on
the FAFSA), or adoptive parent of a dependent undergraduate student. A parent can
borrow the total estimated cost of attendance (minus the student's total financial
aid). If more than one parent wishes to borrow a Parent PLUS Loan for the same student,
each must complete a separate Federal Direct Parent PLUS Loan Request Form and Master Promissory Note (MPN).
At this time, parents with students enrolled for the 2022-2023 academic year can apply
for a Parent PLUS loan by completing the steps below.
Parent PLUS Loan process
The student must submit a valid FAFSA for the appropriate academic year to DVC.
Students enrolled for fall 2022, spring 2023, and/or summer 2023 must complete the
2022-2023 FAFSA. Federal Direct Parent PLUS Request Form cannot be processed without a completed
FAFSA on file for the student.
Complete and return a Federal Direct Parent PLUS Loan Request form.
The student must submit the 2022-2023 Parent PLUS Loan Request form via our secure Document Uploader. Be sure to print clearly and answer all questions. This form collects the information
necessary for DVC to electronically transmit loan data to the Department of Education. It also authorizes the Department of Education to send the loan funds to DVC using
Electronic Funds Transfer (EFT) and for DVC to release the check in the name of the
student via parent authorization.
Complete Department of Education Online Requirements.
DVC requires all federal student loan borrowers to complete exit loan counseling if
they are not enrolled at least half-time. Student loan exit counseling can be completed
by logging into your student loans account.
Exit counseling provides borrowers with important information about:
monthly repayment amounts,
repayment plan options,
terms and conditions forbearance and deferment,
terms and conditions for forgiveness or cancellation,
consequences for delinquency and default,
options and consequences of loan consolidation,
strategies for managing student debt,
Non-federal, alternative, or private education loans
Educational loans are available from a variety of non-federal, private, or alternative
lenders. However, Diablo Valley College does not maintain or promote any specific
private education loan lenders. DVC recommends that you apply for Federal grants and
other assistance under the Title IV HEA programs before you consider private educational loans as the terms and conditions may be
more favorable under these programs.
DVC does not provide information regarding borrowing funds from private lenders or
have preferred lender arrangements with any private financial institutions. Some private
educational loan lenders require school certification however, effective spring 2016,
DVC does not certify private education loans. Upon request, Diablo Valley College
will provide the self-certification form for private education loans required under
Sec. 128(e)(3) of the Truth in Lending Act (15 U.S.C. 1638(e)(3) and the information
required to complete the form, to the extent that Diablo Valley College possesses
All financial aid students are required to check their DVC student email account through
InSite on a regular basis in order to receive notifications, file status updates,
announcements, and further instructions from the Financial Aid Office. Follow the
link for instructions on how to check your financial aid status through InSite.
Financial Aid school codes:
DVC FAFSA Federal School Code: 001191
DVC CA DREAM Act Application School Code: 00119100