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Financial Aid Loan Procedures and Guidelines

Loan Procedure

Sometimes students need to borrow money to help with school-related expenses. Typically, students who borrow responsibly are making a good investment in their future. However, it is important to have a clear picture of how student loan debt will affect students in the long run.

The Financial Aid Office at CLC is dedicated to student success. To help students successfully navigate the student loan process and develop a realistic borrowing plan, our loan request procedure for first-time borrowers includes a “Responsible Borrower” budget worksheet and counseling session with a Financial Aid Specialist.

If this is the first time you are taking out a student loan at CLC, complete the 2020-2021 Responsible Borrower Loan Request Packet (PDF) and contact our office for an appointment.

If you are a returning borrower at CLC, you do not need to complete the Responsible Borrower packet or appointment. Instead, complete 2020-2021 Loan Request Form (PDF) and submit it to our office.

Parents of dependent undergraduate students can request a Parent PLUS loan to help pay educational expenses using the 2020-2021 Parent PLUS Loan Request (PDF). No loan appointment is required.

Read more about the 2020-2021 Loan Terms and Conditions (PDF).

Contact the Financial Aid Office for information about loan procedures.

Code of Conduct for CLC Officials

CLC requires its employees to adhere to a strict Code of Conduct in assisting students seeking loans.

Your Rights as a Borrower

  • Before you begin repayment, your loan holder is required to give you a repayment schedule and detailed information about interest rates, fees, the balance you owe and available repayment options.
  • You have the right to defer repayment for certain defined periods, if you qualify.
  • You have the right to request forbearance.
  • You may prepay your loans in whole or in part at any time without penalty.
  • See Repaying Your Loans (PDF) for more information on repayment, deferment and forbearance.

Your Responsibilities as a Borrower

  • Your primary responsibility is to repay your loans according to the terms and conditions of your loan agreement.
  • You must attend entrance counseling before receiving loan funds and exit counseling before leaving school.
  • You must make payments on time, or make other arrangements with your lender or loan holder.
  • You must notify your lender if you change your name, address, phone number, or enrollment status.
  • You must notify your lender if you're unable to make payments.

View the Loan Limits webpage.

The Student Guide

For more information on the Federal student loan programs, go to the Department of Education's website for Federal Student Aid.

NSLDS Information

Information regarding Federal Stafford Loans will be reported to the National Student Loan Data System (NSLDS) with the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. This information will also be accessible to authorized users of the NSLDS, such as guaranty agencies, eligible lenders, and eligible institutions of higher education. For more information visit

Information on College Preparation and the Federal Student Aid Programs

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