Due to federal budget sequestration, origination fees will increase for Federal Direct Student and PLUS Loans where the first disbursement is made on or after December 1, 2013. The new loan origination fees are available on our Student and Parent Loan pages.
Statement on Student Loan Providers
For students and parents who will borrow to cover a portion of their share of educational expenses at Pomona College, understanding and managing your educational loans is a significant and ongoing part of your educational experience. Sorting through the various federal and private loan programs and the differences in interest rates, repayment options, deferment provisions, and loan counseling requirements will prepare you for managing your loans during your four years at Pomona College and whatever comes next.
For families seeking loans to finance their portion of educational expenses, we recommend the following loans in order of preference: Federal Direct Student loans, Federal Direct Parent loans, and Private loans.
The College and Perkins loan programs use a multi-year promissory note. If you have a Pomona College loan or a Federal Perkins loan, please consult with the College’s loan administrator in the business office to determine if you need to complete any documents.