Loans

We urge students to become familiar with each of the programs described here. In order to ensure that financial aid requests are not delayed, we recommend that you supply all pertinent information in advance of the deadlines.

Financial aid awards are posted to student accounts beginning on the Monday after the Add/Drop deadline. Loan agency funding may take up to 10-14 business days from their disbursement date before the college receives your funds. The college receives/posts federal funding on Mondays. From the date it is posted to your account the College has 14 business days to refund any eligible excess funds.

Federal Student Loans

William D. Ford Federal Direct Loans are available to students who are enrolled at least half time.

Direct PLUS Loans for graduate and professional degree students, and for parents of dependent undergraduate students.

Direct Consolidation Loans to combine federal education loan debts into a single loan.

Alternative Loan Programs
To apply for alternative loans please go to: www.elmselect.com


Financial Aid Policies and Procedures
All students are expected to enroll for all three terms each year, including the summer. They must re-apply every academic year, and must demonstrate satisfactory academic progress to maintain financial aid eligibility.

Please go to the Cambridge College Catalog and click on Financial Aid to learn about how student student loans are calculated and disbursed, satisfactory academic progress, and more.

Exit Counseling -- To complete the federally mandated exit counseling, go to www.studentloans.gov and click on Exit Counseling.

If you experience any problems when using this site, please contact the IT department.