Loan Eligibility Requirements

To be eligible for a Direct Loan through Dallas College:

  • You must have a completed Financial Aid file, which means you must complete Verification (if selected) and submit any required documents, including transcripts.
  • If you have high loan balances, as reported on your Student Aid Report, you will be required to complete an Excessive Loan Limit form so we can evaluate your remaining loan eligibility at Dallas College. If you are in this category, we will notify you before we process a Direct Loan. (The Excessive Loan Limit form can be downloaded from the financial aid Forms page.)
  • We must receive and evaluate official transcripts from all other institutions you have attended before we can award a loan.
  • You must meet the Satisfactory Academic Progress standards as set by Dallas College.
  • You must be registered in six (6) credit hours of course work. Flex courses that start prior to and end after the semester are not eligible.
  • You must not have any prior institutional balance or blocks.
  • You must choose your preferred refund/disbursement method through eRefunds.
  • You must complete a Master Promissory Note for Dallas College.
  • You must complete a Loan Entrance Counseling Session.