Types of Loans

City Colleges of Chicago-Europe
Type

Other funding

Federal Direct Loans are low-interest federal loans, for students and parents, to help finance the cost of education at the post-secondary level.

Federal Direct Subsidized and Unsubsidized Loan Process

Federal Direct Loans are low-interest federal loans, for students and parents, to help finance the cost of education at the post-secondary level.  

 

To complete the student loan application process:

 

Students are required to log in to their campus' iGrad site to complete Entrance Counseling.  Select your campus:      

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       2. ​​​​​​Sign a Master Promissory Note (MPN) at studentloans.gov

 

The student can complete this step now, even as they are finalizing the remainder of their financial aid process. Direct Loan(s) cannot pay any charges until the process is complete, which includes a visit to the Financial Aid Office to finalize the Direct Loan process. Students must visit the Financial Aid Office to initiate and finalize the Direct Loan Process.

Federal student loan borrowers should be aware that loan information is transmitted to the National Student Loan Data System and credit bureaus. Additionally, the loan information will be accessible to authorized agencies, lenders and institutions.

Please note: Student loans are considered a last option in terms of financial aid here at The City Colleges of Chicago.  Due to the fact that we are a low-cost institution, we try to encourage students to save their loan borrowing eligibility for when they transfer to a four-year institution. 

More Information

Type

Other funding

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Chicago , United States