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Weatherford College participates in the . . .

William D. Ford Federal Direct Loan Program (DL) 

Everything I need to know about my Student loan . . . 

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To figure out how much money you may need to borrow, look at Weatherford College’s cost, your cost of living, your family’s cost of living, your family’s contribution and your financial aid award. You do not have to accept the entire amount of a loan you are offered. 

Pick undergraduate student. Log on using your FSA  I.D. / Weatherford College I.D.#003664.

Getting the Money 

  • Student Loans are awarded as part of an aid package. You can: 
    1. Accept the entire amount. 
    2. Accept a partial amount. 
    3. Decline the entire amount. 
  • You have the right to cancel a loan within 14 days of the federal electronic fund transfer into WC accounts. A notice will be mailed/emailed to you upon transfer on funds. 
  • Federal loans are distributed in at least two equal payments – one Fall and one Spring semester or two for a single semester loan. (All three summer semesters is considered one semester term). 
  • Funds will be used to pay all WC charges; any remaining balance after aid funds have been depleted are the responsibility of the student. 
  • Remaining credit owed to the student will be direct deposited into your Coyote Card (from Herring Bank), a designated bank account, or distributed by paper check. 
  • Students who have never been admitted into college and who are receiving their first student loan are subject to a 30-day delay in accessing their first disbursement. 
  • Refer to the Refund Schedule for all refund dates. 
  • Federal Stafford Annual Loan limits for a single academic year.

Need to make a change after you accepted or declined your loan?  
Direct Loan Revision Request Form

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