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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 borrow wisely.  We can help!  Please visit your MyPima financial aid messages tab to learn more about budgeting, financial awareness, and repayment. 

Annual Loan Limits are the maximum a student can borrow per FAFSA aid year.

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

Aggregate Loan Limits represent the maximum a student can borrow in total.

  • $31,000 for dependent undergraduates
  • $57,500 for independent undergraduates
  • No more than $23,000 of this amount may be in subsidized loans 

If you wish to receive 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.
  • Make and keep a budget
  • 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 session is required.

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 2018-2019 loan requests must be received no later than:

    • Fall Deadline - December 1, 2018
    • Spring Deadline - May 1, 2019
    • Summer Deadline - July 1, 2019

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

    Step 2: Accept or Decline the loan offer shown MyPima Financial Aid awards.

    Step 3: It is highly recommended that you complete FREE Financial Awareness Counseling session offered through www.studentloans.gov .  There are budgeting tools and videos to help you with your decision to borrow a loan. 

    Step 4:  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.

  • Requesting Additional Loan Funds

    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 you accepted the original loan offer. Within that message contains a Survey link or an electronic loan increase request.  Complete the survey to request additional loan funds; be sure to indicate the amount of additional loan funds you wish to borrow, then submit the survey electronically.  
    • Your additional request will be processed within 5-7 business days (allow for additional processing time during peak periods).
    • Based on loan eligibility, increases to loan awards will be placed in an accepted status automatically.

     What if I already requested additional funds but now need 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 we will verify your eligibility and respond to your 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, 2018
    • Spring Deadline - May 1, 2019
    • Summer Deadline - July 1, 2019
  • Initially Declined

    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.eduOnce the question has been reset, follow the steps above for "Requesting a Student Loan".
  • Declining/Reducing Loans

    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 2018-2019 loan requests must be received no later than:

  • Fall Deadline - December 1, 2018
  • Spring Deadline - May 1, 2019
  • Summer Deadline - July 1, 2019

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

Step 2: Accept or Decline the loan offer shown MyPima Financial Aid awards.

Step 3: It is highly recommended that you complete FREE Financial Awareness Counseling session offered through www.studentloans.gov .  There are budgeting tools and videos to help you with your decision to borrow a loan. 

Step 4:  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.

Requesting Additional Loan Funds

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 you accepted the original loan offer. Within that message contains a Survey link or an electronic loan increase request.  Complete the survey to request additional loan funds; be sure to indicate the amount of additional loan funds you wish to borrow, then submit the survey electronically.  
  • Your additional request will be processed within 5-7 business days (allow for additional processing time during peak periods).
  • Based on loan eligibility, increases to loan awards will be placed in an accepted status automatically.

 What if I already requested additional funds but now need 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 we will verify your eligibility and respond to your 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, 2018
  • Spring Deadline - May 1, 2019
  • Summer Deadline - July 1, 2019

Initially Declined

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.eduOnce the question has been reset, follow the steps above for "Requesting a Student Loan".

Declining/Reducing Loans

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.