Private Student Loans - Types of Aid - Financial Aid

Private Student Loans – Types of Aid – Financial Aid

Private Student Loans

Butte College certifies non-public loans by way of ELM SELECT: Please learn this web page earlier than
clicking on the hyperlink beneath.

Access ELM Select

What are Private Student Loans?

Private student loans are loans {that a} student applies for with a personal lender.
Private loans are topic to credit {qualifications}, completion of a loan software/client
credit settlement, verification of software info, relevant self-certification
kind, faculty certification of loan quantity, and student’s enrollment at a collaborating
faculty. Butte College requires you’ve the objects beneath accomplished and you’re in passable
tutorial standing earlier than we are going to course of your loan request.

Loan Eligibility

  • Must have a accomplished 21-22 FAFSA on file with Butte College.

  • Completed a 21-22 Federal Direct Loan request kind and submitted to monetary assist

  • Meeting passable tutorial progress.

  • Enrolled in no less than six payable items in your training plan.

Butte College administers each backed and unsubsidized student loans by way of the
Federal Direct Loan program and we really feel strongly that the choices offered by Direct
Loans are extra advantageous for student debtors. Before Butte College can certify
a personal student loan, students should exhaust all accessible federal funding akin to
the Pell Grant and Direct Loans. Butte College additionally requires the student to offer
further info, as required, to the Financial Aid Office earlier than non-public loans
might be licensed. Certification of a personal loan relies on the students having
“unmet need” after exhausting all accessible federal funding.

Review and Certification of a Private Loans

Butte College has a duty to guage all student requests for personal student
loans on a case-by-case foundation and make sure, cut back and/or deny based mostly on tutorial efficiency,
excessive debt load and combination loan restrict. Butte College has restricted students certified
for case-by case certification of personal student loans to these students whose course
of research requires the next finances, limits the student’s skill to hunt exterior work
due to scientific or course work, 40 hours per week course schedules, requires journey
to off campus websites for course work and out-of- state residents. At this time the
following packages are eligible for evaluate and certification of a personal loan:

READ:   Contact Us | Discover Card

At this time the next packages are eligible for evaluate and certification of a
non-public loan:

  • Admission to the Associated Degree in Registered Nursing

  • Admission to the Associates Degree in Registered Nursing: LVN to ADN

  • Admission to the Associates Degree in Respiratory Care

  • Admission to the Law Enforcement Academy – Basic

  • Admission to the Law Enforcement Academy – Basic/Fish and Game Emphasis

  • Fire Fighter 1 Academy

  • Out-of-State Residents

  • Welding

Please click on on the hyperlink ELM SELECT for the non-public student loan info, Loan Application and Solicitation Disclosures
the place they listing their situations, charges and rates of interest.

Please contact the Financial Aid Office in case you have utilized for a personal loan as
there’s further processing time and paperwork that have to be accomplished previous to
certification. Loan funds is not going to be disbursed previous to beginning your program and/
or semester time period.

Operating Hours

Temporary Operating Hours:
Mon-Thur: 8:00 a.m. – 6:00 p.m.
Fri: 8:00 a.m. – 12:00 a.m.

Chico Center:
Shifted to digital

Glenn County:
Shifted to digital

Phone Hours:
Mon-Thur: 8:00 a.m. – 5:00 p.m.
Fri: 8:00 a.m. – 12:00 a.m.

Content Editor:
Nancy Turner