Rock Valley College
Rockford, Illinois

Federal Student Loans

student loans


Federal Direct loans are processed by request only. Loan applications are available by request at the Financial Aid Office.

To be eligible you must:

  • Have completed the Free Application for Federal Student Aid and have a completed financial aid file with Rock Valley College.
  • Meet all eligibility requirements (ex: satisfactory academic standards).
  • Complete a Master Promissory Note and the Online Entrance Counseling.
  • Be enrolled in at least 6 credit hours per semester.


Here is a link to the Master Promissory Note and the Online Entrance Counseling.

Important things to know:

  • All funds will be applied first to the student's account to pay any balance owed to the school, if there are remaining funds they will be mailed to the student.
  • If a student loan is not certified early enough to allow processing time for the scheduled disbursements, the disbursements will be made as soon as the funds are available.
  • Student loans reduce the amount of work study eligibility a student has.
  • A student should request the amount of funds needed for the entire semester.
  • Additional loan fund requests submitted after your loan has been certified, may be delayed. Students may be required to fill out a budget form (a budget form can be found at the financial aid office counter).
  • All loan checks are mailed and cannot be picked up.
  • Once your loan appears on your RVC account, it could take up to 14 days for a loan refund check to be mailed.

***Beginning July 1, 2013; Federal Regulations for New Borrowers limit the maximum time period that a student can receive Direct Subsidized loan to 150% of the published length of the program of study.


Here is a link to Important Federal Direct Stafford Loan Information


Here is a link to Rock Valley College's Student Loan Code of Conduct


Loan Disbursement Dates

2student-loans

Full Year Loans-

The first half of the loan will be disbursed the first week of the fall term, and the second payment will be disbursed the first week of the spring term. If the student is a freshman first-time borrower, the fall disbursement will be delayed until 30 days into the semester (per Federal regulations).

One Semester Loans-

The first half of the loan will be disbursed the first week of the term, the second payment will be disbursed about midterm of the semester. If the student is a freshman first-time borrower, the first disbursement will be delayed until 30 day into the semester (per Federal regulations).



Keep Track of Your Student Loans!

Students should keep track of current and past Direct Loans through the National Student Loan Data System for students.

Students who have or think they may have a defaulted student loan can use the contact information below to try and resolve the problem. *For alternative loans, students should check with their lenders for information about their loan status.