Financial Aid

Are you a student loan borrower who will be GRADUATING this semester?
If the answer is yes, we need your help.
1) Visit studentloans.gov and complete the on-line Exit Counseling.
2) PRINT the confirmation page and return it to the Financial Aid Office at your campus.
 
*NOTE: Your academic transcript will be placed on HOLD until our office receives confirmation of your Exit Counseling Completion.
 
If you are a student loan borrower and you are returning next semester...
1) Click your appropriate campus below in order to complete a USA Funds Life Skills Course.  We recommend course #103 or #105. These courses should only take approximately 20 to 30 minutes to complete.
2) PRINT the confirmation page and return it to the Financial Aid Office at your campus.
 
USA Funds Life Skills
As part of their education, students need to develop basic life management skills so that they graduate on time with a minimum amount of debt. USA Funds Life Skills is an online financial literacy and student success program designed to both enhance the personal finance skills of college students and to promote successful completion of their academic programs.  
 
USA Funds Life Skills helps students understand basic strategies for managing finances and for completing degree work in a timely manner by organizing complex information into a clear-cut format that is easy for students to understand and retain. And because students who fully understand the appropriate use of finances are less likely to default on their student loans, the program also supports schools' efforts to lower education loan default rates. 
 
Click your appropriate campus below to complete any of the more than 30 online courses available to you through USA Funds Life Skills:
     Wesson Campus students
     Natchez Campus students
     Simpson County Center students
 
 
Social Media - Federal Student Aid
Stay connected and informed with Federal Student Aid through social media:
     Facebook
     Twitter
     YouTube
 
 
Other Resources: 

Click here to download the Student Consumer Information.

Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the Department).

With Direct Loans, you:

  1. Borrow directly from the federal government and have a single contact - your loan servicer - for everything related to the repayment of your loans, even if you receive Direct Loans at different schools;
  2. Have online access to your Direct Loan account information via your servicer's website;
  3. Can choose from several repayment plans that are designed to meet the needs of most borrowers, and you can switch repayment plans if your needs change.

Types of Loans:

  1. Subsidized Direct Loan - These loans are for undergraduate students with demonstrated financial need, as determined by federal regulations.  No interest is charged while a student is enrolled in school at least half-time, during the grace period, and during deferment periods.
  2. Unsubsidized Direct Loan - This type of loan is 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.
  3. Parent PLUS Loan - Parent PLUS Loans enable parents with good credit histories to borrow money to help pay for the educational expenses of undergraduate students enrolled on att least a half-time basis. Parent PLUS Loans are not based on financial need. A credit check is required to ensure the applicant does not have adverse credit. There are no loan limits for the Parent PLUS Loan. Parent borrowers may be eligible to borrow an amount equal to the cost of attendance less any other financial aid the dependent student receives. Interest begins to accrue from the first disbursement date, and repayment begins within 60 days after the final loan disbursement. Click here to download the Federal Direct Parent PLUS Loan Application.
  4. Private Education Loan - Private Education Loans can help you pay for college, generally at a better interest rate than other lines of credit. You should only use private education loans as supplemental funding after you have exhausted all other sources of financial aid, including grants, scholarships, work-study, and Federal Direct Loans. As with any student loan, be conservative and only borrow what you absolutely need. Click here to download the Private Education Loan Application. Private Education Loan Applicant Self-Certification Form

What Can You Use Loan Money For?

If you receive a federal loan, you can only use the money to pay for educational expenses at CLCC.  These include: tuition and fees; books, supplies, and equipment; the rental or purchase of a personal computer; room and board; dependent child care expenses; transportation; and miscellaneous expenses.

How to Apply for the 2015-2016 Award Year (Fall 2015 * Spring 2016 * Summer 2016)

  1. Complete a FAFSA for the 2015-1016 award year at www.fafsa.ed.gov.
  2. Complete Entrance Counseling online. PRINT and ATTACH completion confirmation page.
  3. Submit your Master Promissory Note (MPN) for Subsidized/Unsubsidized Loans online. (PRINT and ATTACH completion confirmation page.)
  4. Review your Loan History online. (PRINT and ATTACH your NSLDS information.)
  5. Complete and return the Direct Loan Application to the Co-Lin Financial Aid Office.

Federal Loans vs. Private Loans

Federal loans are a better deal than loans from private lenders. Federal student loans generally have lower interest rates that are fixed, generous repayment plans, no repayment penalties, and no credit checks (except for PLUS loans).

Track Your Loan History

You can track your loan history at the National Student Loan Data System. All your federal loan information is reported to NSLDS, where you, your loan servicer, and other authorized users can access it.

Student Loan Repayment Assistance — Co-Lin's Partnership with USA Funds®

As you begin your school experience, or as you prepare to leave school, we want to ensure you are well-informed and equipped to repay the loans that helped finance your higher education. We have partnered with USA Funds® — a nonprofit organization with more than 50 years of experience in counseling student loan borrowers — to assist you in understanding your loan repayment commitments and in addressing any issues you may encounter with the repayment of your student loans.

In the coming months, you may receive a call from a USA Funds Borrower Connect InTouchSM representative who will:

•  Help you understand your loan obligations and responsibilities
•  Discuss available options for an achievable and affordable repayment plan.
•  Ensure you are aware of repayment options during financial hardships.
•  Promote your long-term repayment success.

These representatives are available to counsel you about your outstanding loans and, when appropriate, work with you and your loan servicer to address any loan payment issues.

To contact a USA Funds representative for assistance, please call (866) 497-8723.

For More Information

  1. The federal government offers a lot of detailed information about loans at StudentLoans.gov.
  2. To estimate eligibility to determine if you may qualify for Income-Based Repayment (IBR) visit www.ibrinfo.org.
  3. To gain information on loans before you owe: www.consumerfinance.gov/students/knowbeforeyouowe.
  4. To view the Code of Conduct

 

 

ATTENTION:
The forms below may NOT be submitted electronically.  All forms (along with any required supporting documents) must be printed, and then mailed, faxed, or turned in directly to the Financial Aid Office.  Please complete all forms in black or blue ink.

2015-2016 FAFSA Verification Documents (Fall 2015 * Spring 2016 * Summer 2016)
FAFSA Checklist 2015-2016

VERIFICATION DOCUMENTS:
Dependent 2015-2016 Verification Worksheet (Household, Tax/Non-Tax, SNAP, Child Support Paid)
Dependency Override Appeal Form 2015-2016
FERPA Waiver Form
High School Completion Verification
Household Resources Verification
Identity/Statement of Education Purpose
Independent 2015-2016 Verification Worksheet
(Household, Tax/Non-Tax, SNAP, Child Support Paid)
Identity/Statement of Educational Purpose
Legal Dependent Verification Form
Parent Information Verification Worksheet
Student Authorization Form
Unaccompanied Homeless Youth Verification

 

Other Financial Aid Documents

LOAN DOCUMENTS AND INFORMATION:
2015-2016 Direct Loan Request Form (Fall 2015, Spring 2016 and Summer 2016)
Entrance Counseling

OTHER SCHOLARSHIP APPLICATIONS:
Family Tuition Benefit Waiver 2015-2016 (For Employee DEPENDENTS Only)
Family Tuition Benefit Waiver (For EMPLOYEES Only)
Non-Traditional Student Scholarship Application & Policy

APPEALS AND RE-EVALUATIONS:
Financial Aid Appeal Form
Special Circumstance Appeal Form 2015-2016

Student Eligibility

 

To receive financial aid through most of the student financial assistance programs at Copiah-Lincoln Community College, you must:

     * be a U.S. citizen or eligible noncitizen;

     * be enrolled or accepted for enrollment in an eligible degree or certificate program;

     * make satisfactory academic progress toward a degree;

     * not be in default on a loan or owe a repayment on a grant received at Copiah-Lincoln Community College or any other institution; and

     * demonstrate financial need. (Some scholarships and loans are exceptions; refer to the descriptions of individual programs.)

     * register with selective service, if required.

     * have a high school diploma or a General Education Development (GED) Certificate, pass a test approved by the U.S. Department of Education, or meet other state standards.

     * have a valid social security number.

     * use assistance for educational purposes.

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