Federal Direct Student Loan Request Form
Students interested in borrowing federal student loans must submit this form.
Remember, loan funds CANNOT be used to defer tuition and fee charges until this form is completed and submitted. After successful completion of the loan application, an "estimated" Federal Stafford Loans will be awarded as anticipated on the student account within 7 business days.
Your loan funds will be disbursed to CTS and applied to any unpaid tuition and fee charges for the current term. All remaining loan funds will be disbursed to you in a Cash Balance Refund Check from the Business Office within 10 business days after disbursement.
ACADEMIC YEAR LOAN DISBURSEMENTS: One half of total loan funds will be disbursed on the second Friday of each semester and cash balance refund checks will be available no later than the fourth Thursday of each semester.
SINGLE TERM LOAN DISBURSEMENTS: The full amount of the loan funds will be applied only to the term requested for that specific period. Disbursement regulations will follow the format mentioned above.
MID-SEMESTER LOAN DISBURSEMENTS: If the Loan Request Form is by received by 4:30 pm on Tuesday, the funds will be disbursed to your Business Office account the following Friday and cash balance refunds will be available within 10 business days. If the Loan Request Form is received after 4:30 pm on Tuesday, the funds will be disbursed to your Business Office account on the second Friday after it is received and cash balance refunds will be available within 10 business days of the actual disbursed date.