You are required to follow a certain procedure in order to have a student loan processed for you at Danville Area Community College. These student loan regulations have been established due to our Default Management Plan.  Our ability to provide financial aid services to our students was at risk.  We feel these new measures will help improve the situation.  We value our students and hope to provide the services that they need to accomplish their academic goals.

You may use this form as a checklist (print and keep with your loan records) to be sure you have followed the steps necessary for processing your student loan and avoid delays in processing.

1. Enroll in at least six credit hours, in your program of study._________

2. Complete the loan entrance counseling at www.mapping-your-future.org and follow instructions carefully so that the  confirmation is forwarded to us. ________

3. Read the loan counseling and application procedure form that includes your Borrowers Rights & Responsibilities (on-line or request one from our office to be mailed to you). _______

4. Complete the Master Promissory Note (MPN) (electronic via the Internet or "hard copy" returned to us).  ______

5. Submit the completed Loan Data Form (click here) to the Financial Aid Office. ______

6. Keep address and phone number updated with the DACC Records Office and your lender at all times. _______

Note:  Once your loan is guaranteed and your lender completes their processing procedure your loan funds will be sent to us.  The lenders "disbursements date" is not the date your loan proceeds will be available. We will not release any loan proceeds until thirty days after the beginning of the term.

Your loan proceeds will not be released if:
1. You have dropped below ½ time enrollment (less than 6 credit hours).
2. You have accepted a College Work-Study position (since your loan was certified).
3. You have "new" sources of aid (since your loan was certified) that has resulted in a reduction of your unmet need and thus the loan must be canceled or recalculated for a lessor amount.

Please contact us if you have any questions or concerns regarding loan procedures. For contact information click here. 
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