2015-2016
Undergrad Direct Loan
Loan Authorization Form (LAF)
COMPLETE ALL ITEMS legibly and SIGN the Loan Authorization Form before submitting it to the Financial Aid Office.
Student Name _____________________________________ Campbell ID___________________ Date of Birth _______________
Address __________________________________________________________________________________________________
Permanent PO Box or Street Address
City
State
Zip
Home Phone # (_____) ___________________ Cell Ph # (_____) ___________________ Other (_____) ____________________
In order to participate in the William D. Ford Direct Loan Program, you must do the following:
NEW STUDENTS or FIRST TIME Federal Direct Loan borrowers at Campbell:
Sign in at www.StudentLoans.gov (using student’s FAFSA user name and password)
• Complete the electronic Direct Loan Sub/Unsub Entrance Counseling
• Complete the electronic Direct Loan Master Promissory Note (MPN) (be sure to click “submit”)
For website assistance, please contact the Department of Education Customer Service at: 800-557-7394
ALL Direct Loan borrowers:
• Complete this Loan Authorization Form and submit to the Financial Aid Office
(Loans must be processed prior to the end of the semester)
• Register in six (6) or more credit hours each semester/block by census date
(Loans will not disburse if your enrollment falls below 6 credits)
• Must meet SAP (Satisfactory Academic Progress) requirements (see website for SAP Policy)
(Loans will not disburse if you do not meet SAP per term of the loan)
Reference your Financial Aid awards for your loan eligibility. If you have been awarded for only one
semester, or will be graduating, indicate the appropriate response for the loan period below.
Loan Period: (please check) □ Academic Year 2015-2016 (both Fall & Spring Semesters)
□ 2015 Fall only □ 2016 Spring Only
Indicate the TOTAL amount of each type of William D. Ford Direct Loan you wish to borrow. Do NOT leave this item blank.
(Ex: If you are applying for the entire year, be sure to add your Fall and Spring loan amounts together.)
Subsidized Amount Requested $ _________________ Unsubsidized Amount Requested $ _________________
By my signature, I hereby authorize Campbell University to process my student loans and when the funds become available, to transfer the proceeds of each of my
student loan disbursements for the William D. Ford Direct Loan(s) to my student account at Campbell University. I understand that my student account will reflect a
credit each time a transfer of loan proceeds is made and that the Campbell University Business Office will notify me of such crediting. I understand that my William D.
Ford Direct Loans will enter repayment upon the expiration of my grace period, which begins six months after I graduate, withdraw, or otherwise drop below halftime enrollment. I also understand that the Department of Education may deduct fees before my loan proceeds are disbursed to my Campbell account.
Borrower’s (Student’s) Signature ________________________________________ Date _____________________
(Original signature only – electronic signatures not accepted)
Contact Loan Team:
Submit form to: Campbell University FAO
Ph: 910-893-1314
800-334-4111, ext. 1314
email: [email protected]
• PO Box 36, Buies Creek, NC 27506
UG Direct Loan LAF 15-16
• Fax: 910-814-5788
Rev. 10.23.15
Please keep this page for your records:
NEW STUDENTS or FIRST TIME Federal Direct Loan borrowers at Campbell:
Sign in at www.StudentLoans.gov (using student’s FAFSA user name and password)
Subsidized Request $ ________________
□ Complete the electronic Direct Loan Sub/Unsub Entrance Counseling
□ Complete the electronic Direct Loan Master Promissory Note (MPN) (be sure to click “submit”)
Unsubsidized Request $ ________________
For website assistance, please contact the Department of Education Customer Service at: 800-557-7394
Step One: Calculate expenses for the semester AND year. The numbers provided are the ESTIMATED cost for an
Undergraduate, Full Time, Main Campus student. For others, ref. the Business Office Tuition & Fee Schedule.
http://www.campbell.edu/pdf-top/human-resources/Fall_2015_-_Spring_2016_Tuition_and_Fee_Schedule-Published_1-9-2014.pdf
FALL
Tuition (based on fulltime enrollment: 12-18.5 hours)
SPRING
YEARLY COST
$13,900
$13,900
$27,800
$510
$510
$1,020
Room
$2,450
$2,450
$4,900
Board (dorms)
$2,675
$2,675
$5,350
Fees
Parking Permit (if parking on campus)
$190
$190
Illness Insurance - Mandatory (must waive)
$523.00
$714.00
$1,237
Total Costs (A)
$20,248
$20,249
$40,497
Step Two: Fill in the Estimated Financial Aid award for the year and semester using the 2015-2016
Financial Aid Award
FALL
SPRING
YEARLY AID
FALL
SPRING
YEARLY COST
GRANTS:
NCNBS
PELL
ACADEMIC MERIT SCHOLARSHIPS:
Presidential / Scott-Ellis / CU grant
(circle)
Dorm
OTHER SCHOLARSHIPS:
LOANS: (do not include Parent Plus amounts)
Federal Direct Subsidized Loan
Federal Direct Unsubsidized Loan
Other Fund Sources: Outside scholarships, etc)
Total Financial Aid (B)
Step Three: Calculate the ESTIMATED Balance Due
Total Cost (A)
$20,248
$20,249
$40,497
Minus Total Financial Aid (B)
“Balance Due” To the Business office *
*Balance Due may be paid by eligibility in an approved Federal Parent Plus Loan, an Alternative Private Loan or
other arrangements made through the Campbell Business Office
Not Included in Total Cost(A)
Books & Supplies (Estimated)
UG Direct Loan LAF 15-16
FALL
SPRING
$1,000
YEARLY COST
$1,000
$2,000
Rev. 10.23.15