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| Educational Loans |
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Beginning fall 2008 Pomona will no longer use student
loans to meet financial need.
Beginning in the fall of 2008, Pomona College will no
longer use loans to meet financial need. Once a family's
contribution is determined, financial aid will be
offered in a combination of Pomona scholarship,
appropriate federal or state grants, and student
employment. Families may still use a combination
of parent and student loans to meet the family share if
they choose.
What if I need more financial aid than I am awarded? or
What if I apply for but am not eligible for grant
assistance, yet my family needs some form of assistance?
There are some alternatives for students who do not
qualify for grant assistance or whose families need help
meeting their contribution.
All families, whether receiving other aid from the
College or meeting costs on their own, may use one or
more of the following alternative ways to finance a
students' college education. The Federal PLUS Loan, Bank
of America Private Loan, Nellie Mae EXCEL Loan, Key
Loan, and Sallie Mae Signature Loan programs offer many
families, who are unable to meet college education costs
with current income, means by which they can finance
over time. These programs are discussed in the Financing
A College Education: A Guide for Families, available
from the Office of Financial Aid. In addition, more
information may be found in the
Educational Loans
section of our web.
How do I initiate my
Stafford, PLUS, or Private loan?
If you will require an unsubsidized Stafford,
PLUS, or Private loan to assist in meeting your family
contribution, please navigate to the
Educational Loans
section of our web to learn more about selecting a
lender, completing a promissory note, or completing your
loan counseling requirement for your Stafford loan.
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