Federal Direct Student Loans

A Federal Direct Student Loan is financial aid that must be paid back with interest. Orange Coast College participates in the Federal Direct Loan Program.

Direct loans are low-interest education loans for students to help pay for college costs. There is no credit check or cosigner required to qualify. The lender is the U.S. Department of Education, which assigns loans to one of its contracted loan servicers throughout the country after a loan is originated by a school for a student. You can find out who your loan servicer is two weeks after your first loan disbursement is issued by the school.

Go to Federal Student Aid to see your loan servicer's contact information and to keep your information updated with them. Your loan servicer will be responsible for any questions you have for your loan after the funds have been distributed.undefined

Loan Repayment is necessary:

Federal student loans are long-term obligations. Accepting a loan means accepting the responsibility for repaying the money you borrow including interest costs and fees. Before you request a loan, make sure you find out the true costs, interest rates, and how long it will take to repay the loan. To get answers to these questions and more, go to  Federal Student Aid.


Loan Request Process:

  1. Login to MyCoast
  2. Click the "Financial Aid" Tab
  3. Click on "View My Financial Aid Status"
  4. Click on "Award Offer"
  5. In the Direct Loan Request Form area, click on "Click Here" to take you to the loan request


Loan Eligibility

OCC requires you have the items below completed before we will process your loan request.

    • Must have a completed 20-21 FAFSA on file with Orange Coast College.
    • Completed a 20-21 Federal Direct Loan request form and submitted to financial aid office.
    • Enrolled in at least six payable units on your education plan.
    • Have submitted all official transcripts from every college of attendance to the Enrollment Center

Orange Coast College administers both subsidized and unsubsidized student loans through the Federal Direct Loan program and we feel strongly that the options provided by Direct Loans are more advantageous for student borrowers. Before Orange Coast College can certify a private student loan, students must exhaust all available federal funding such as the Pell Grant and Direct Loans. Certification of a private loan is dependent on the students having “unmet cost of attendance” after exhausting all available federal funding.  OCC will not certify a private loan not meeting the above requirements, with an exception to SAP eligibility after SAP Appeal process has been exhausted and the private lender allows certification. 


What are Private Student Loans?

Private student loans are loans that a student applies for with a private lender. Private loans are subject to credit qualifications, completion of a loan application/consumer credit agreement, verification of application information, applicable self-certification form, school certification of loan amount, and student’s enrollment at a participating school.

Please click on the link  ELM SELECT for the private student loan information, Loan Application, and Solicitation Disclosures where they list their conditions, fees, and interest rates.

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