Financial Aid Links
Direct Loan Program
Direct Loans are low-interest loans for students and parents to help pay for the
cost of a student's education. The lender is the U.S. Department of Education
rather than a bank or other financial institution. Direct Loans are a form of
financial aid and must be repaid with interest.
The Direct Loan Program offers the following types of loans:
- Subsidized: for students with demonstrated financial need,
as determined by federal regulations. No interest is charged
while a student is in school at least half-time, during the
grace period, and during deferment periods.
- Unsubsidized: not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.
Eligibility Requirements
- Your 2012-13 Financial Aid Awards must be finalized in order to apply for a Federal Direct Loan.
- You must be enrolled in at least 6 degree applicable units at Bakersfield College.
- Bakersfield College must be declared as your home school.
- You must maintain Satisfactory Academic Progress as outlined in the Terms of Agreement for Bakersfield College.
- You must have a declared major and educational goal.
- Students on Financial Aid Suspension are ineligible for Direct Loans.
- Must complete a minimum of 6 degree applicable units at Bakersfield College Fall 2012 in order to be considered for Spring 2013 Loan Payment. (If applying for full school year)
- Students on Financial Aid Warning are required to submit a Student Progress Report signed by all instructors reflecting grades in each course before funds will be released. The forms will be accepted after October 2nd for Fall Semester and after March 5th for Spring Semester.
