Beginning in the 2008-09 academic year, Claremont McKenna College will increase spending on financial aid by an additional million dollars, replacing all packaged student loans with scholarship grant aid. However, for students wishing to be considered for additional funds, CMC does have a wide range of educational loans available to all students and their families to assist with educational expenses. This webpage is designed to provide you with information on each of the loan programs to help you make the right decision in financing your education.

The Financial Aid Office is available to assist you with any questions you may have regarding these loan programs and your lending options. Our office hours are Monday - Friday from 8am – 5pm, and we can be reached at (909) 621-8356.

Federal Stafford Loan Program for Students

Step 1: Please review this link for guidance:
A Student's Guide to the Federal Stafford Loan Program (PDF)

Federal Stafford Loan Request Form (PDF)

Step 2: Consistent with our desire to expedite funds to our borrowers and to provide quality service in the process, we have elected to use an electronic process.  This process allows most borrowers to complete the Federal Master Promissory Note (MPN) and electronic signature process on-line. This enhances our office's ability to process and disburse loans in an expeditious manner. Claremont McKenna has established this process for the sole purpose of providing efficient and quality service to students and parents. Claremont McKenna College receives no incentives of any kind in using a lender's electronic process.

Step 3: The lenders listed below have historically provided competitive borrower benefits, excellent service and reliability to our students and parents, as well as expedient delivery of funds.

Select a Lender:
To access additional information on the lenders listed below, and find out more about all their benefits and incentives, please visit their website. The address has been provided for you.

ALL STUDENT LOAN   Lender Code 833752   888 271 9721  
www.allstudentloan.org

SALLIE MAE EDUCATION TRUST  Lender Code 802218  888 2-SALLIE
www.salliemae.com
https://opennet.salliemae.com/apploansummary/?school_id=00117000&InstLndrID=802218&loanprogram=FSL

US BANK   Lender Code 827269   800 242 1200   
www.usbank.com/sl/claremontmckenna

MAPPING YOUR FUTURE

Mapping Your Future is a national collaborative public service organization of the financial aid industry bringing together the expertise of the industry to provide free career, college financial aid, and financial literacy information and services for students, families, and schools via the web.

Mapping Your Future is supported by guaranty agencies (Sponsors), lenders, servicers, and secondary markets (Friends) in the Federal Family Education Loan Program. Through the support of Sponsors and Friends, Mapping Your Future is able to provide free services.

Step 1: Please review this link for guidance:
CMC Federal Perkins Loan Fact Sheet (PDF)

Step 2: Please click on this link, print the Federal Perkins Loan Master Promissory Note and mail it directly to the CMC Financial Aid Office.

Federal Perkins Loan Master Promissory Note
http://ifap.ed.gov/dpcletters/attachments/CB0610AttachPerkinsMPN.doc

 Step 3: Please click on this link to access the Federal Perkins Loan Entrance Counseling Session

Federal Perkins Loan Entrance Counseling session
http://mappingyourfuture.org/oslc/counseling/schoolPages.cfm?SchoolPageID=6395&SchoolID=2003539

 

ADDITIONAL INFORMATION
Shop Student Loans online at:
http://slbg.greentreegazette.com/gtree/