STUDENT LOAN POLICY

A. Before a student loan application will be certified, the following procedures will be in effect:

•  Student must be employed for a minimum of ten hours per week.
•  Employment will be monitored for one month.
•  If employed off campus, regular payments must be established and adhered to.
•  Student must attend an entrance interview with financial aid personnel as required by federal regulations.

B. Students in the Federal Student Loan Program will be required to have an exit interview before taking course finals each semester.

C. Official transcripts will be withheld for students who default on federal loans. An unofficial transcript will be provided, if requested, and if all other requirements are met.

Federal PLUS Loans

Federal PLUS loans are for parents who want to borrow to help pay for their children’s education. This loan provides additional funds for education expenses and, like Federal Stafford Loans, is made by a lender such as a bank, credit union, or savings and loan association.

LEAP Program

Leveraging Educational Assistance Partnership (LEAP) is a program that establishes a federal-state partnership to provide financial assistance in the form of state grants to students who have demonstrated financial need. Federal funds are provided to match appropriated state funds supplied by the states on a dollar for dollar basis. Each participating institution provides institutional matching funds that are equal to the amount of funds provided by the state for a LEAP Program. Awards range from $100 to $2,500, depending on available funds. Students from Arizona determined to be at need may be eligible.

Bureau of Indian Affairs Higher Education Grants

These grants are made available to eligible students who are enrolled members of an Indian tribe. Students must meet the requirements for their tribe and/or BIA agency.