How to Apply for a Student Loan

Effective November 17, 2008, all new student loan applicants must submit the following documentation to the Financial Aid Office. Failure to comply will result in the cancellation of your loan request:
  • Free Application for Federal Student Aid (FAFSA) electronically submitted to Wor-Wic Community College (school code 013842)
  • All financial aid paperwork to include (if required):
    • Verification Worksheet
    • Signed copies of tax returns (if dependent student, parent’s signed tax return also required)
    • W-2’s (if dependent student, parent’s W-2’s also required)
  • Students transferring in from another college:
    • Official college transcript from last institution attended showing transfer credits submitted to the Registrar’s Office
  • Entrance exam electronically submitted to Wor-Wic Community College
  • Completed First Time Borrower Packet
  • Completed Master Promissory Note (MPN) with lender of your choice. You may access Wor-Wic Community College’s Preferred Lender list.

Wor-Wic Community College uses several factors in determining which lenders will appear on the “Preferred Lender List” for the Federal Stafford Loan program each year. Some factors used include: quality of customer service, fees, benefits, borrower incentives, on-line services and products, stability of lender, and current loan holding practices. Students are not required to choose a preferred lender and are encouraged to research and select the lender which most closely matches their educational needs.

Note: Some lenders require your FAFSA PIN in order to e-sign your application. If you do not have your PIN then you will need to print the application and mail it to the lender.

Students must also adhere to the following guidelines when applying for a Federal Stafford Loan:

  1. Be enrolled at least half-time (6 credit hours)
  2. Meet Financial Aid Satisfactory Academic Progress (SAP) policies
  3. Not borrowed in excess of the aggregate loan limits
  4. The student is responsible for repaying their student loan once they graduate, drop below half-time, or withdraw (even if they do not graduate).
  5. The student is responsible for officially updating their contact information with the college Admissions Office during periods of enrollment and after separation from the college. Failure to do so could result in negative consequences for the student.