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Laney College

Federal Direct Loans

Federal Direct Loans

How do I apply for federal loans?

Direct Loans are low-interest loans for students and parents to help pay for the cost of a student’s education after high school.  The lender is the U.S. Department of Education, although most of the contact will be with your loan service.


Before you can apply for a loan you must complete the 3 steps below:

  1. Complete the Free Application for Federal Student Aid (FAFSA)
  2. Submit all required documents to your Home College’s Financial Aid Office before the deadline date. Your Home College is the college at which you intend to complete your program of study/educational goal. Your student file must be completed and awarded.
  3. Enroll in six (6) or more units related to your program of study/educational goal.

If you complete the steps above then you may go to your Home College’s Financial Aid Office and ask for a Student Loan Packet.  Follow the Federal Loan Step by Step Application Process outlined in the packet you receive.

Fall 2017  Loan Application Now Available

Right to Cancel:  The Student or parent has a right to cancel all or a portion of the loan or loan disbursement and have the loan proceeds returned to the holder of that loan.  The procedures and time by which the student or parent must notify the institution that he or she wishes to cancel the loan are as follows: Notification of Borrowers (Students)


Please note:

The Peralta Colleges strive to limit student loan defaults. For this reason, we may decline loan requests to higher risk students. Therefore, your loan request may be denied or reduced if you:

  •   Have an undeclared major or undecided educational goal.
  • Are not enrolled in a Title IV eligible program of study (16 or more units in length).
  • Are not making steady progress in a degree, certificate or degree/transfer program.
  • Are not currently meeting satisfactory academic progress standards.
  • Have already borrowed to a maximum appropriate for Peralta Community College programs (We suggest $16,000 –   including student loan debt from other colleges).
  • Appear to be or have been in default or delinquent on financial obligations.
  • Have an incomplete or missing Student Loan Request form.
  • Have a change in planned borrowing from previous year(s).

Continuing borrowers can also visit the NSLDS for student to see how much loan they have borrowed.