Fillable 1920 Direct Loan Denial Appeal (Solano Community College)

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1920 Direct Loan Denial Appeal (Solano Community College)

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Office of Financial Aid
2019-2020
DIRECT LOAN
DENIAL APPEAL
LNDAPL Rev. 3/19/19
Last Name: First Name:
SCCID#
Instructions
1. Print out your cumulative loan information from the National Student Loan Data
System (NSLDS) website.
• Log into https://nslds.ed.gov/nslds/nslds_SA/public/Home.do using your FSA
I.D. User name and Password.
• Click on Financial Aid Review
• Print out all loan information
2. Determine your monthly payment on your current loan balance
• Log into http://www.finaid.org/calculators/
• Click on Loan Calculator
• Fill in Loan Balance and click calculate
• Complete the section below using the information provided from the calculator:
Loan Balance: $ Loan Interest Rate:
Monthly Loan Payment: $ Cumulative Payments: $
Total Interest Paid: $ Annual Salary Needed: $
Statement – Attach a typed statement which explains the following:
A. Your current financial situation which requires you to apply for additional loan funds.
B. Your education and career goals.
C. Your plan for repayment once your loan becomes due.
Important Information - Your initials below indicates you have read and understand the following:
Federal student loans are real loans, just like car loans or mortgages. You must repay a student loan even if your
financial circumstances become difficult. Your student loans cannot be canceled because you didn’t get the education
or job you expected, or because you didn’t complete your education (unless you couldn’t complete your education
because your school closed).
Initials:
LNDAPL Rev. 3/19/19
Borrowing Federal student loans from a community college will reduce the amount of loan eligibility available to you
once you transfer to a 4-year institution. Solano Community College advises that you save your loan eligibility. If
not, you may experience difficulty affording the cost of education once you transfer to a 4-year institution.
Initials:
NEVER ignore delinquency or default notices from your loan servicer. If you don’t make your monthly loan
payments, you will become delinquent on your student loan and risk going into default. Contact your servicer
immediately if you are having trouble making payments or won't be able to pay on time. Loan servicers report all
delinquencies of at least 90 days to the three major credit bureaus. A negative credit rating may make it difficult for
you to borrow money to buy a car or a house and you will be charged much higher interest rates.
Initials:
Certification:
I certify that the information on this form is true and correct to the best of my knowledge. I understand that if the
information I have provided is incomplete or false, Financial Aid could be delayed or denied. I have read and
understand the Financial Aid Satisfactory Progress Policy (SAP).
Student Signature Date Signed
Submit ALL FORMS AND DOCUMENTS TOGETHER to:
Solano Community College
Financial Aid Office
4000 Suisun Valley Road, Student Services Building 400, Room 425
Fairfield, CA 94534-3197
FOR OFFICE USE ONLY:
Approved ( ) Denied ( ) FAO: Date:
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1920 Direct Loan Denial Appeal (Solano Community College)

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Completed 25 July 2020

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