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Federal Direct Loans

Please read! Information for NEW borrowers!

Loan Timeline

Term First Day to Submit Last Day to Submit
Fall 2020 07/02/2020 11/01/2020
Spring 2021 01/01/2021 04/01/2021
Summer 2021 05/02/2021 07/01/2021
Fall 2021 07/02/21 11/01/2021

College of the Siskiyous participates in the William D. Ford Federal Direct Loan Program. In order to qualify for a Federal Direct Loan, a student must do the following:

  1. Complete a FAFSA (Free Application for Federal Student Aid)
  2. Complete their financial aid file with COS Financial Aid Office.
  3. The student must be in good academic standing according to the Financial Aid Satisfactory Academic Progress Policy.
  4. Students must be enrolled in six (6) or more units at COS.
  5. The student cannot be in default on any other federal student loans.

Note: College of the Siskiyous does not participate in the Alternative Loan Program.

Please read the following before applying for any loans:

What are Federal Direct subsidized and unsubsidized loans?

Subsidized Federal Direct Loans are need-based. The federal government pays the interest on the loan while you are in school, during the grace period before repayment begins, and during periods of approved deferment.

Unsubsidized Federal Direct Loans are not based on financial need and are available to you regardless of income. Because this loan is not subsidized by the government, you are responsible for all interest which accrues during in-school, grace, and deferment periods. You may choose to make periodic interest payments to the lender or opt to have the accrued interest capitalized (added on to) the principal loan amount.

For both Subsidized and Unsubsidized Federal Direct loans, repayment begins six months after you graduate, drop below half-time, or withdraw from school. You will be contacted by your loan Service. To view your loan history and additional information, log onto using your FSA ID. The ECMC logo at the bottom of this page will connect you to their website which contains repayment information.

How much can I borrow?

(amounts listed are maximum and will be adjusted to fit individual Cost of Attendance)

Dependent - Students (Except Students whose Parents Cannot Borrow a PLUS Loan)
Type of Student Subsidized Unsubsidized Total Loan Amount
Freshman (less than 30 college credits completed) $3,500 $2,000 $5,500
Sophomore (more than 30 college credits completed)** $4,500 $2,000 $6,500
Independent - Undergraduate Students and Dependent Students whose Parents Cannot Borrow a PLUS Loan
Type of Student Subsidized Unsubsidized Total Loan Amount
Freshman $3,500 $6,000 $9,500
Sophomore $4,500 $6,000 $10,500

**To be considered a 2nd-year undergraduate for loan purposes, you must have completed 30 or more college units. If you want to use other college units to qualify as a 2nd-year undergraduate, your transcript(s) from other schools must be evaluated before your loan is processed. Take your unopened official transcript(s) to the Admissions and Records office and make sure you indicate you want your transcript to be evaluated for Financial Aid purposes. We can print copies for you to take to Counseling Services.

Federal PLUS Loans

Parents and stepparents with good credit histories can borrow up to the total cost of their dependent's education, minus any other aid for which the student is eligible. Parents must repay the loan even if their dependent does not complete his or her education. Parents will need a FSA ID and password to apply for a Parent PLUS Loan.

Loan Process

Apply for a Federal Direct Loan:

Federal Direct Student Loan Request - 2021-2022

Federal Student Aid

Disbursement Schedule

Federal Direct Loan Interest Rates

Generally there are two disbursements per academic year. The first disbursement is made 30 days after the first day of class. Loan requests received after this will follow the Pell Disbursement schedule. Second disbursements are given after academic progress is reviewed, generally 30 days after the spring semester begins.

Students must be enrolled at least two weeks prior to the beginning of spring semester in order to receive a second loan disbursement.

Please be sure that you understand the rights and responsibilities of student loans before applying.


We have teamed up with Solutions at ECMC to answer all of your student loan repayment questions. Solutions is a service of the non-profit organization ECMC and is dedicated to helping students manage educational loans. Their resources are available to you free of charge. To contact a Solutions Student Loan Repayment Advisor, email or web chat, or call them at (877) 331-3262.

Contact Financial Aid

Phone: (530) 938-5209
Fax: (530) 938-5367