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How to Apply for Student Loans

Borrowing a student loan is a big responsibility. While it may be necessary, be sure to only borrow what is necessary.  The more you borrow now, the more you will have to pay back later!

Experts suggest that you do NOT borrow more than what you expect your first year’s salary will be after graduating.   You can borrow the following amounts annually:

  • First year dependent students can borrow $5,500. No more than $3,500 of this amount may be in subsidized loans.
  • First year independent students can borrow $9,500. No more than $3,500 of this amount may be in subsidized loans.
  • Second year dependent students can borrow $6,500. No more than $4,500 of this amount may be in subsidized loans.
  • Second year independent students can borrow $10,500. No more than $4,500 of this amount may be in subsidized loans.

You can borrow up to $57,500 for undergraduates. No more than $23,000 of this amount may be in subsidized loans.  With our tuition being so low, nobody should borrow that much while attending PCC!

If you wish to receive Stafford Loans (subsidized and/or unsubsidized), there are several steps you need to complete.  But before you do that, we suggest you complete the following:

  • Know your loan repayment amounts: Estimate your future monthly loan repayment cost using the Federal Student Aid Repayment Calculator.
  • Set up your free SALT account: Go to www.saltmoney.org and start using all the free tools to gain control over your finances.  You can even import all of your student loans to view in one place: Import Loans to SALT.
  • Make a budget:  check out this easy to use Budget Worksheet
  • Know your earning potential: Learn about your earning potential in your current field of study by going to the “Student Resources” tab of your MyPima account and check out the "AZ Career Information System" link within the “Career Planning” box.
  • And remember... if you are transferring, graduating, or withdrawing from school you will need to complete student loan Exit Counseling if you borrowed student loans while attending Pima.

Note that all loans borrowed through PCC will be submitted to NSLDS and accessible by authorized agencies, lenders and institutions (HEOA 489 amended HEA Sec. 485B).

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  • Initial Loan Request

    There is a loan request deadline for each semester, and requests after the published date will not be processed.  All 2017-2018 loan requests must be received no later than:

    • Fall Deadline - December 1, 2017
    • Spring Deadline - May 1, 2018
    • Summer Deadline - July 1, 2018

    Step 1: Address all the red flags on your MyPima Financial Aid tab to complete your file for certification.

    Step 2: Tell us that you want loans by answering yes to the “Considering borrowing a student loan?” question in your MyPima Financial Aid red flags.

    Step 3: It is highly recommended that you complete a FREE the SALT course (formerly called MyMoney 101) to help you determine if you really need to borrow student loans. Directions for how to create your FREE account with SALT can be found here: Create your free SALT Account.

    • First year students should complete the SALT Course – Budgeting.  This will help you build the skills needed to determine the amount you need (not want) to borrow.  
    • Second year students should complete the SALT Course – Credit and Debt Management.  This will help you build the skills needed to manage the debt you are borrowing. 
    • Third year students should complete the SALT Course - Employment. This will help you prepare you for real world finances.

    Step 4: Once you are enrolled in 6 or more credits, a student loan will be offered to you. To accept your student loan offer, go to the Financial Aid tab of your MyPima account and select the “Financial Aid Awards” link, select the correct aid year, and you will find your award offer under the “Accept Award Offer” tab.  From there you can accept the loan amount you need, the offered amount or you can decline the loan. Make your decision and hit submit. You MUST accept the loan online before completing the next two steps.

    Step 5: First time PCC borrowers must complete Loan Entrance Counseling.  Loan Entrance Counseling gives you important information about borrowing and repaying your student loans.

    The U.S. Department of Education will notify Pima CC electronically that you completed your Loan Entrance Counseling.  If you aren't sure if you need to complete Loan Entrance Counseling, check the Requirements section of your MyPima Financial Aid page.

    Step 6: First time PCC borrowers must complete a Master Promissory Note (MPN).  By signing the MPN, you, the borrower, agree to repay all Stafford Loans (subsidized or unsubsidized). Because PCC participates in the Serial Promissory Note acknowledgement process, you may not be required to complete another promissory note while you attend PCC. Paper MPN’s are available in the Financial Aid Office.

    The U.S. Department of Education will notify Pima CC electronically that you completed your MPN.  They cannot notify us until you have accepted your loan in your MyPima (see step 4).  If you aren't sure if you need to complete a MPN, check the Requirements section of your MyPima Financial Aid page.  Paper MPN’s will take longer to process.

  • Initially Declined Loans

    If you originally declined loans on MyPima but now realize you need to borrow a loan:

    • If you previously answered NO to the "Considering borrowing a student loan?" question, you can request that the question be reinstated on your account by emailing LoanHelp@pima.edu. Once the question has been reset, follow the steps above for "Requesting a Student Loan".
  • Requesting Additional Loan Funds

    I’ve already accepted/received a student loan this aid year. How do I request additional loan funds?

    • If you already accepted a student loan this aid year, check your MyPima Financial Aid "My Messages" box and select the appropriate aid year. You will have a message within that confirms your original loan packaging. Click on the Survey link within the message to request additional loan funds. Complete the survey and be sure to indicate the amount of additional loan funds you wish to borrow, then submit the survey electronically.  The maximum you can request is listed above. 
    • Your additional request will be processed within 5-7 business days (allow for additional processing time during peak periods). Watch your MyPima account for updates, as you will be notified if we are unable to process your request.
    • Based on loan eligibility, increases to loan awards will be placed in an accepted status automatically. You will not have to accept like your initial request in MyPima.

    Need Even More: If you requested additional loans using the process above and have now realized that you need even more funds, email your name, student ID number and the additional amount you are requesting to loanhelp@pima.edu

    There is a loan request deadline for each semester, and requests after the published date will not be processed.  All 2017-2018 loan requests must be received no later than:

    • Fall Deadline - December 1, 2017
    • Spring Deadline - May 1, 2018
    • Summer Deadline - July 1, 2018
  • Reducing the Amount of My Loan

    When you accept your loan, you may choose to accept less than you are offered in your MyPima.  If you have already accepted your loan and would like to borrow less, you may reduce the loan by completing the Federal Aid Cancellation Request form.

    If you reduce your loan after the money is disbursed, your next disbursement will be reduced or canceled.  If you have no remaining disbursements to reduce, you will be billed for the amount that you requested your loan be reduced.

    You may return any uncashed check to us, simply complete and submit the Returning Aid Received Form to any Campus Cashier's Office or District Office Student Accounts.

Initial Loan Request

There is a loan request deadline for each semester, and requests after the published date will not be processed.  All 2017-2018 loan requests must be received no later than:

  • Fall Deadline - December 1, 2017
  • Spring Deadline - May 1, 2018
  • Summer Deadline - July 1, 2018

Step 1: Address all the red flags on your MyPima Financial Aid tab to complete your file for certification.

Step 2: Tell us that you want loans by answering yes to the “Considering borrowing a student loan?” question in your MyPima Financial Aid red flags.

Step 3: It is highly recommended that you complete a FREE the SALT course (formerly called MyMoney 101) to help you determine if you really need to borrow student loans. Directions for how to create your FREE account with SALT can be found here: Create your free SALT Account.

  • First year students should complete the SALT Course – Budgeting.  This will help you build the skills needed to determine the amount you need (not want) to borrow.  
  • Second year students should complete the SALT Course – Credit and Debt Management.  This will help you build the skills needed to manage the debt you are borrowing. 
  • Third year students should complete the SALT Course - Employment. This will help you prepare you for real world finances.

Step 4: Once you are enrolled in 6 or more credits, a student loan will be offered to you. To accept your student loan offer, go to the Financial Aid tab of your MyPima account and select the “Financial Aid Awards” link, select the correct aid year, and you will find your award offer under the “Accept Award Offer” tab.  From there you can accept the loan amount you need, the offered amount or you can decline the loan. Make your decision and hit submit. You MUST accept the loan online before completing the next two steps.

Step 5: First time PCC borrowers must complete Loan Entrance Counseling.  Loan Entrance Counseling gives you important information about borrowing and repaying your student loans.

The U.S. Department of Education will notify Pima CC electronically that you completed your Loan Entrance Counseling.  If you aren't sure if you need to complete Loan Entrance Counseling, check the Requirements section of your MyPima Financial Aid page.

Step 6: First time PCC borrowers must complete a Master Promissory Note (MPN).  By signing the MPN, you, the borrower, agree to repay all Stafford Loans (subsidized or unsubsidized). Because PCC participates in the Serial Promissory Note acknowledgement process, you may not be required to complete another promissory note while you attend PCC. Paper MPN’s are available in the Financial Aid Office.

The U.S. Department of Education will notify Pima CC electronically that you completed your MPN.  They cannot notify us until you have accepted your loan in your MyPima (see step 4).  If you aren't sure if you need to complete a MPN, check the Requirements section of your MyPima Financial Aid page.  Paper MPN’s will take longer to process.

Initially Declined Loans

If you originally declined loans on MyPima but now realize you need to borrow a loan:

  • If you previously answered NO to the "Considering borrowing a student loan?" question, you can request that the question be reinstated on your account by emailing LoanHelp@pima.edu. Once the question has been reset, follow the steps above for "Requesting a Student Loan".

Requesting Additional Loan Funds

I’ve already accepted/received a student loan this aid year. How do I request additional loan funds?

  • If you already accepted a student loan this aid year, check your MyPima Financial Aid "My Messages" box and select the appropriate aid year. You will have a message within that confirms your original loan packaging. Click on the Survey link within the message to request additional loan funds. Complete the survey and be sure to indicate the amount of additional loan funds you wish to borrow, then submit the survey electronically.  The maximum you can request is listed above. 
  • Your additional request will be processed within 5-7 business days (allow for additional processing time during peak periods). Watch your MyPima account for updates, as you will be notified if we are unable to process your request.
  • Based on loan eligibility, increases to loan awards will be placed in an accepted status automatically. You will not have to accept like your initial request in MyPima.

Need Even More: If you requested additional loans using the process above and have now realized that you need even more funds, email your name, student ID number and the additional amount you are requesting to loanhelp@pima.edu

There is a loan request deadline for each semester, and requests after the published date will not be processed.  All 2017-2018 loan requests must be received no later than:

  • Fall Deadline - December 1, 2017
  • Spring Deadline - May 1, 2018
  • Summer Deadline - July 1, 2018

Reducing the Amount of My Loan

When you accept your loan, you may choose to accept less than you are offered in your MyPima.  If you have already accepted your loan and would like to borrow less, you may reduce the loan by completing the Federal Aid Cancellation Request form.

If you reduce your loan after the money is disbursed, your next disbursement will be reduced or canceled.  If you have no remaining disbursements to reduce, you will be billed for the amount that you requested your loan be reduced.

You may return any uncashed check to us, simply complete and submit the Returning Aid Received Form to any Campus Cashier's Office or District Office Student Accounts.