College of DuPage
Office of Student Financial Assistance
Last Name:
2016-2017 High Loan Form
First Name:
Student ID:
Complete this form to familiarize yourself with your current student loan debt.
**Log in to www.nslds.ed.gov**
Aggregate Limits
In NSLDS, review your loan totals and enter the following:
Total Subsidized:
$
Total Unsubsidized:
$
Total All Loans:
$
Total Outstanding Interest:
$
Remaining Loan eligibility:
$
Dependent:
$23,000 Subsidized maximum
$31,000 Combined maximum
Independent:
$23,000 Subsidized maximum
$57,500 Combined maximum
Subtract your Combined Loan balance from the applicable Combined maximum to find your Remaining Eligibility.
Example: You are a dependent student and your total loans are $20,000.
$31,000 (Dependent Combined maximum)
- $20,000 (Total All Loans)
$11,000 in Remaining Eligibility.)
Check ONE Box:
I have viewed my loan information online and I do not want to receive any Direct Subsidized or Unsubsidized Loans at the
College of DuPage. If I want loans in the future, I will have to complete the steps listed below prior to being able to request
the loan.
I have viewed my loan information online and I have not received the maximum loan allowed based on my dependency
status. I would like to borrow additional loans at College of DuPage. Please complete the following steps:
1) Financial Awareness Counseling at http://studentloans.gov. Date completed:
- Print a copy of your Financial Awareness Counseling Confirmation Page, if completed this academic year.
- Using the Repayment Calculator on http://studentloans.gov – Complete the Repayment questions on page 2.
2) Register for Smart Borrowing for Loans through myACCESS by following the directions on our website at
www.cod.edu/financial_aid_events. If you are unable to attend a presentation, please email the Loan Department at
loans@cod.edu with an explanation of why you are unable to attend.
3) Bring this completed form to Smart Borrowing for Loans. Failure to have all steps completed and documentation with
you or arriving more than 10 minutes late will result in having to reschedule your attendance at Smart Borrowing for Loans.
Student Signature
Date
NOTE: All steps need to be completed prior to attending Smart Borrowing for Loans or you will be required to reschedule your Smart Borrowing
for Loans session. Failure to complete these steps will delay the processing and acceptance of your Federal Direct loans at College of DuPage.
Please return this form to:
College of DuPage, Office of Student Financial Assistance – SSC 2220
425 Fawell Blvd., Glen Ellyn, IL 60137 FAX (630) 942-2151 EMAIL: loans@cod.edu
The college will not discriminate in its programs and activities on the basis of race, color, religion, creed, national origin, sex, age, ancestry, marital status, sexual
orientation, arrest record, military status or unfavorable military discharge, citizenship status, physical or mental handicap or disability (Board Policy 5010; 20-5).
2016-2017 High Loan Form
03/16/16
College of DuPage
Office of Student Financial Assistance
2016-2017 High Loan Form
**Log in to www.studentloans.gov**
1.
If you have already completed your Financial Awareness Counseling,
write the date you completed it on page 1.
a. Click on “View Completed Counseling” to find the
completion date.
b. Write the date completed on page 1.
2.
Using the Repayment Estimator, fill in your Tax Filing Status and
Income and answer the following questions:
a.
List all repayment plans you qualify for?
b.
What would your monthly payment be on the Standard
Plan? $
c.
What is the highest amount of interest you would pay?
$
d.
Run the Repayment Estimator again including the loans you
plan to accept for this academic year by clicking the “View
or Add Your Loans” button and answer the following
question:
i. What is your NEW monthly payment on the
Standard Plan? $
2016-2017 High Loan Form
03/16/16