Applying for a Private Loan

​​To help you ensure that you’ve completed the necessary steps to receive a private student loan at DMACC, please follow this checklist:

​⬜ File your FAFSA as early as possible. The application is completed for FREE at fafsa.gov. View the Financial Aid checklist for more information about the FAFSA and processing at DMACC. To see if you are exempt from filling out the FAFSA, see DMACC’s Alternative/Private Loan Procedure ES 4325.​

⬜ Be admitted into a program of study at DMACC or be seeking registration in an eligible non-credit program which includes the Transportation Institute’s Truck Driver Training Program or the Summer Fire Academy.

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⬜ Complete “Borrowing Essentials” on FASTChoice. ​FASTChoice will assist you in finding and comparing private loan options and assist in the application process. Failure to complete this step will prevent certification of your loan. You will need your DMACC student ID number.

⬜ Complete a private loan application with the private lender. This can be done using FASTChoice​​, or by contacting the lender directly. If you are eligible for Federal Student Aid, this should only be done after you have reviewed your award offer from the DMACC Financial Aid Office. Note: DMACC does not recommend private loans when federal aid options are available.

⬜ Complete the Private Loan Acknowledgement Form. You will need your DMACC Student ID. Please click below on the term that you are borrowing a private loan for. When you arrive on the Financial Aid Forms page, complete the Private Loan Acknowledgement Form (you will need to sign in):

2017-18 semesters      2018-19 semesters

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