Direct PLUS
- Parent PLUS
- Grad PLUS (coming soon)

IMPORTANT NEWS: CMC IS GOING DIRECT LENDING

Effective Fall 2010, Claremont McKenna College will begin processing loans through the William D Ford Federal Direct Loan Program. This program will replace the current Federal Stafford Student Loan, Parent PLUS, and Graduate PLUS loan programs. Read more...

Please review this link for guidance:
A Student's Guide to the Federal Direct Stafford Loan Program (PDF) ~ coming soon

Federal Direct Stafford Loan Request Form (PDF) ~ coming soon

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.

CMC utilizes a system called ELMSelect as a student financial aid lender comparison resource. This resource gives borrowers the opportunity to view different loan types and preferred lenders and to also evaluate, compare and select a lender that best fits their loan needs. ELMSelect also provides an additional comprehensive neutral list of lenders to provide an even greater choice of options.
Click this link to begin your lender selection process: https://www.elmselect.com/oll/SchoolLenderList/?schoolId=8476#4107

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.

Student Loan Counseling Session

If you are a first-time Federal Stafford Loan borrower at CMC, Federal regulations require you to complete entrance counseling prior to receiving your first loan. Click on the icon below to start your Stafford Entrance Counseling.		CMC is required to remind you of all your rights and responsibilities as a student borrower. We are also required to provide you with information concerning your deferment rights, as well as provide tools to help you manage your debt. Click on the icon below to start your Stafford Exit Counseling.
Stafford Entrance		Stafford Exit

INDEPENDENT STUDENT LOAN LIMITS

Independent Students	Annual Loan Limits
First Year	$9,500 ($3,500 subsidized/$6,000 unsubsidized)
Second Year	$10,500 ($4,500 subsidized/$6,000 unsubsidized)
Third Year and Beyond	$12,500 ($5,500 subsidized/$7,000 unsubsidized)
Graduate or Professional	$20,500 ($8,500 subsidized/$12,000 unsubsidized)