This plan is on file with Texas Guarantee Student Loan Corporation in Austin, Texas.

• Students must attend an EPCC loan counseling session each year prior to having a loan certified, even if they have already attended a session at another school.
• Transient and/or undeclared major students are not eligible for any financial aid including Stafford student loans.
• No loan or benefits of loan shall be disbursed prior to the end of add and drop periods for each semester.
• First time borrowers can not receive loan or loan benefit disbursements until 30 days after the first class day of the semester.
• If at any time a student falls below half-time enrollment or fails to meet EPCC’s Satisfactory Academic Progress (SAP) criteria, the loan will be canceled without notice and any un-disbursed loan funds will be returned to the lender.
• El Paso Community College is a two year granting institution.  Students may only receive freshman and sophomore level loans while attending EPCC.
• Students will be allowed to borrow only twice at each level.  (Note: Cannot exceed regulatory aggregate limit.)
• Freshman level is 0 – 29 earned academic credit hours.
• Sophomore level is 30 + earned academic credit hours.
• Developmental (remedial & ESL) do not count as hours toward student classification.  Students requesting a loan while in developmental courses will not be eligible for a sophomore level loan until they have completed and earned 30 academic hours.
• Students in default on a prior student loan cannot receive any further loans or other financial aid until the default status has been placed in “satisfactory” status.  Students must provide the Financial Aid Office written documentation verifying this status.
• If at any time a student’s enrollment status drops below half-time they must complete the “Student Loan Exit Counseling” process.  Failure to complete this will result in a hold being placed on all student records.

Effective Fall 2006