Evergreen Valley College

Federal Student Loan Policy

  1. Students who wish to apply for a student loan must first complete the financial aid application process and be awarded all other eligible aid.
  2. Students must read and understand all the information on the loan application materials.
  3. Student loans are awarded to meet educational expenses only.
  4. Most students may borrow up to 50% of the aggregate loan limits for their dependency status.
  5. Students are encouraged to have completed 12 degree applicable units prior to applying for a loan in order to demonstrate persistence and academic progress.
  6. Students that have completed less than 30 degree applicable units are subject to the first-year loan limits.  Students that have completed 30 or more degree applicable units are subject to second-year loan limits.
  7. Students that have completed degree applicable units at a college other than Evergreen Valley College or San Jose City College must have an official transcript on file with and evaluated by the EVC Admissions and Records Office.
  8. Students must be enrolled in 6 or more units at the time of loan application and disbursement.
  9. Students must maintain “Satisfactory Academic Progress” (refer to www.evc.edu/fao for complete policy) at the time of loan application.  Students on probation status or that have been approved by the SAP Petition Committee may be required to submit a progress report prior to loan disbursement.
  10. Entrance interviews are required for all new student loan borrowers.
  11. Exit interviews are required for all students when their enrollment level falls below 6 units.
  12. As required by federal regulations, the Financial Aid Office may not disburse student loans within 30 days of the beginning of the loan period for all new borrowers.
    The loan period is the standard academic year which consists of the Fall and Spring semesters.  In cases where the program of study or the remainder of the program is less than a year, the loan amounts are prorated according to federal regulations.
  13. Student loans are disbursed in the same manner as federal grant aid (refer to www.evc.edu/fao).