New Loan & Pell Grant Information

March 18, 2010

Starting with this Summer 2010 (and for future terms), Waycross College will be participating in the William D. Ford Federal Direct Loan (Direct Loan – DL) Program for all Federal Student Loans.

By participating in the Federal Direct Student Loan Program, Waycross College ensures you have guaranteed access to student loan funding. Student loan dollars for the DL program are received directly from the Federal Government. The DL Program also provides excellent borrower benefits. We also feel the DL Model is easy for families to understand. Having ONE source for student loan funds for DL reduces the confusion and complication for students and provides "one stop shopping", more timely loan disbursements and better customer service.

You will, however, need to complete a new Direct Loan Master Promissory Note if you plan to continue to borrow. This pertains to the Summer 2010 term for any loan that will be disbursed after June 30, 2010 and any future terms. Please go to https://dlenote.ed.gov/empn/index.jsp , sign in and follow instructions for completing the Master Promissory Note(MPN) for Student Loans (you will need your Federal PIN # to complete your Master Promissory Note). Borrowers will also need to complete an Entrance Counseling. You will only need to complete these documents ONCE while attending Waycross College.

If you have questions, please feel free to contact the Financial Aid Office. You may utilize one of the computers located in the Financial Aid Office