Student Loan "How To's"


This page gives step by step instructions about loan processes. Please note that you are highly encouraged to borrow only what you need, however; if you decide that you would like to opt out of getting the Stafford Loan after it has disbursed, you have 14 days from the date of disbursement to contact our office to return the funds on your behalf.

Accepting Loans

  • Log into the CCGA Portal using your student username and password
  • Click on the COAST icon on the left side of the screen
  • Click "Financial Aid"
  • Click "My Award Information"
  • Click "Award by Aid Year"
  • Select the appropriate aid year
  • Click the "Award Overview" tab
  • Click "Accept Award Offer" tab
  • Accept Loan(s) in offered status

OR

  • Log into the CCGA Portal using your student username and password
  • Click "Student Forms" along the top toolbar
  • Click "Financial Aid Forms"
  • Click "Direct Loan Request"
  • Complete the form and submit

Loan Disbursement

Before a loan can be disbursed you must ensure you have done the following:

  • Go to Studentaid.gov
  • Log in using your FSA (Federal Student Aid) username and password
  • Click "Complete Aid Process" along top toolbar
  • Click "Complete a Master Promissory Note"
  • Click "Subsidized/Unsubsidized Loan MPN"
  • Complete MPN, sign and submit

AND

  • Go to Studentaid.gov
  • Log in using your FSA (Federal Student Aid) username and password
  • Click "Complete Aid Process" along top toolbar
  • Click "Complete Entrance Counseling"
  • Complete the counseling and submit

Reduce or Cancel Loans

To reduce or decline loans do the following:

  • Log in the CCGA portal using your student username and password
  • Click "Student Forms" along the top toolbar
  • Click "Financial Aid Forms"
  • Click "Loan Cancellation"
  • Complete the form and submit


Parent Plus Loans

For purposes of Federal Student Aid a parent is defined as your legal, whether biological or adoptive, parent or stepparent. The following people are NOT considered your parents unless you have been adopted: grandparents, foster parents, legal guardian’s, older brothers or sisters, and uncles or aunts. CCGA has an in-house Parent Plus application in addition to the Federal Plus application that must be completed. This is done to ensure the privacy and the accuracy of the parental information. Below are the instructions for both:

Federal Parent Plus Application

  • Parents must go to Studentaid.gov
  • Parents must log in using their FSA (Federal Student Aid) username and password
  • Parents must click "Apply for Aid"
  • Parents must click "Apply for Parent PLUS Loan"
  • Parent must complete the Parent PLUS Loan request and the Parent PLUS Master Promissory Note if loan was approved

CCGA Parent PLUS Application

  • Student logs into the CCGA portal using their student username and password
  • Click "Student Forms" along the top toolbar
  • Click "Financial Aid Forms"
  • Click "Parent PLUS"
  • Student begins the form and supplies the parental information for the parent that completed the Federal PLUS application
  • Student completes their section of the form, sign and submit
  • Parent checks their email (which was supplied by the student in their section of the form) and completes their section of the form and uploads a copy of their Driver's Licence
  • Parent signs form and submits

NOTE: We highly encourage you to borrow only what you need, however; if you decide that you would like to opt out of getting the Parent PLUS loan, the parent has 14 days from the date of disbursement to contact our office to return the funds on their behalf.

Private Alternative Loans

College of Coastal Georgia student and parents are welcome to research for additional funds via private/alternative loan funds. When doing your research please remember that lenders have varying requirements so you must be sure to select the best one for your needs. Some requirements you may want to consider are as follows:

  • College of Coastal Georgia’s Satisfactory Academic Progress Policy
  • Minimum enrollment requirements
  • Repayment options
  • Interest rates

Once you have applied College of Coastal Georgia will be notified so that we may be able to certify your loan. Understand that your loan will be certified according to the criteria set by your chosen lender. Also note that your loan can only be certified up to your Cost of Attendance.

Default Rates

A three year cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. College of Coastal Georgia is working with Student Connections, formerly USA Funds, to assist with our cohort default rate. Please see our ratings below:



Cohort Year Draft Rate (February) Final Rate (September) National Rate
Fiscal Year 2017 7.6 7.6 9.7
Fiscal Year 2016 4.8 4.8 10.1
Fiscal Year 2015 7.1 7.1 10.8
Fiscal Year 2014 12.8 12.8 11.5

Annual Student Loan Acknowledgement

Beginning the 2021 - 2022 academic year students and parents that accept a new Stafford Loan must complete the Annual Student Loan Acknowledgement. This is a tool that the Department of Education created to keep borrowers informed about their loan debt. This acknowledgement must be completed each year that the student has a new Stafford Loan. The Parent must also complete an acknowledgement each time they decide to get a new Parent Plus loan for the student to attend.

To complete the Annual Student Loan Acknowledgement the student and/or parent will log into https://studentaid.gov using their FSA ID (username and password). This process should take no longer than 10 minutes to complete. The experience will be personalized based on the borrower’s attributes, but generally below is a brief description of the process.

First-time borrowers (those who have no current loan balance) will:

  • Answer a few questions about their state, school, expected degree, and field of study.
  • View summary information from the College Scorecard about total estimated school costs, graduation rate, total estimated student loan debt, and estimated monthly payments.
  • View general financial literacy information about borrowing student loans.
  • Check a box acknowledging they read and understood the information.

Returning aid recipients (borrowers with current outstanding loan balances) will:

  • View summary information about their loans and grants from the National Student Loan Data System (NSLDS®) as of the day they complete the acknowledgement. Information includes outstanding balance, estimated 10-year standard monthly payment based on the borrower's current balance, servicer information, loan limit information, grant summary, and grant limit information.
  • Check a box acknowledging they read and understood the information.
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