Frequently Asked Questions

Thank you for your interest in getting started at Black Hawk College. We hope this website is a useful resource for you as you navigate the college application process.

Here you will find answers to some of the questions that students frequently ask us. If you have questions that are not answered here or elsewhere on our website, please contact us.


Frequently asked questions about financial aid and loans

The applications are available:
June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

  • As stated in Federal Loan Guidelines, the actual loan amount you are eligible to receive for an academic year is determined by your school. Loan eligibility at Black Hawk College is determined on a case-by-case basis as authorized under 34 CFR 685.301(a)8 of the Higher Education Act.

The maximum annual amounts a student may request are:

 Grade Level  Degree Applicable Hours Completed  Loan Limits
 Year 1  0 – 29 credit hours   $3,500
 Year 2  30 – 64 credit hours  $4,500

 

 Annual Additional Unsubsidized Stafford Loan limits are:
 Dependent Students in Year 1 or Year 2 $2,000
 Independent Students in Year 1 or Year 2  $6,000

 

In addition, lifetime limits will restrict the amount of student loans that can be borrowed:

Life Time loan limits for 4-Year Bachelor’s Degree Undergraduate students:
Dependent = $31,000
Independent = $57,500
(Of these lifetime amounts, no more than $23,000 can be subsidized.)

Students should limit borrowing to only what is absolutely necessary, as loans must be repaid. The average loan debt of Black Hawk College graduates was $8,251 for the 2017-18 school year. We recommend students use the Federal Student Aid Repayment Calculator and the Mapping Your Future Debt/Salary Wizard to understand the long-term costs of borrowing and their anticipated ability to repay their student loans.

Is there a time limit on how long I can receive loans?

Yes – per Satisfactory Academic Progress requirements, a student is eligible to receive financial aid for a maximum of 150% of their program. Associate programs allow 96 attempted credit hours at Black Hawk College. Certificate programs allow 48 attempted credit hours at Black Hawk College. Transfer credit hours and withdrawn courses are included in this calculation.
In addition, many financial aid programs have lifetime limits:

  • Federal Pell Grant – equivalent of six years of full-time enrollment (12 credit hours/semester)
  • Illinois MAP Grant – equivalent of four and a half years of full-time enrollment (15 credit hours/semester)
  • Federal Student Loans – $31,000 for dependent students, $57,500 for independent students (of these lifetime amounts, no more than $23,000 can be subsidized)

Additionally, the maximum time period that a new student loan borrower can receive Direct Subsidized loans is 150% of the published length of the program of study. New borrowers are encouraged to meet with an Academic Advisor to make sure you are in the correct major.

Loan applications take approximately two weeks for processing after receiving all required documents at www.bhc.edu/loan. This may increase to three or more weeks during peak registration periods (the time between payment deadline and the start of the semester). Loans will be processed in the order they are received. After submitting the loan application and all requirements, students should monitor their myBlackHawk email for status updates.

Refunds are processed by the Bursar’s Office once a credit balance is created on your billing account. Refunds will be available approximately 14 days AFTER the credit balance is created. To avoid delays, students who anticipate receiving a refund should log into their account on www.refundselection.com to select a refund preference as soon as possible.

Students should ALWAYS contact the Financial Aid Office BEFORE changing their schedule (adding or dropping classes) to determine how changes will impact their costs and financial aid.

Financial aid is based on attendance for the entire semester. If you drop ALL of your classes before 60% of the semester is complete, federal regulations require schools to recalculate your financial aid eligibility (including student loans) to determine how much was “earned”. Based on the last date of academic activity or participation, your financial aid will be adjusted accordingly, which may mean repaying some or all of your financial aid.

In addition, students are expected to complete 67% of their attempted coursework (see Satisfactory Academic Progress). Withdrawing from coursework may negatively impact your eligibility to continue receiving financial aid in the future.

You must cancel any pending loans at Black Hawk College and contact your new college to determine what requirements you need to complete.

Loan borrowers are required to participate in Federal Loan Exit Counseling after graduating, withdrawing, or dropping to less than 6 credit hours, even if they intend transfer to another institution. Black Hawk College will mail a letter with Exit Counseling information.

A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan. It is important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.

Black Hawk College will list your loan servicer in your Exit Counseling letter. Your Loan Servicer will contact you concerning repayment. You may also access this information, as well as your loan history, on the National Student Loan Data System.

Repayment begins 6 months after graduating, withdrawing, or dropping to less than 6 credit hours. Additional information is available through Federal Student Aid: Understanding Repayment and Federal Student Aid: How to Repay Your Loans.

If you don’t make your student loan payment or make your payment late, your loan may eventually go into default. If you default on your student loan, that status will be reported to credit bureaus, and your credit rating and future borrowing ability will be damaged. In addition, legal action can be taken to require payment through garnishment of wages and withholding of tax refunds.

In addition, students with a defaulted loan will lose eligibility to receive any additional federal or state financial aid.

June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

For general student loan information, please refer to Federal Student Aid: Student Loans.

Loan funds will credit your billing account after the 30th day of the semester. Because loans must paid in two equal disbursements, funds will credit in:

Loan 1st Disbursement 2nd Disbursement
Full-Year Late September Late February
Single-Semester (Fall) Late September Late October
Single-Semester (Spring) Late February Late March
Single-Semester (Summer) Early July Mid July

NOTE: Incomplete loan requirements will delay disbursement(s) of your student loan(s).

Any credit balance created after loan funds are disbursed will be refunded to the student.

Load More


Frequently asked questions about financial aid and loans

The applications are available:
June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

  • As stated in Federal Loan Guidelines, the actual loan amount you are eligible to receive for an academic year is determined by your school. Loan eligibility at Black Hawk College is determined on a case-by-case basis as authorized under 34 CFR 685.301(a)8 of the Higher Education Act.

The maximum annual amounts a student may request are:

 Grade Level  Degree Applicable Hours Completed  Loan Limits
 Year 1  0 – 29 credit hours   $3,500
 Year 2  30 – 64 credit hours  $4,500

 

 Annual Additional Unsubsidized Stafford Loan limits are:
 Dependent Students in Year 1 or Year 2 $2,000
 Independent Students in Year 1 or Year 2  $6,000

 

In addition, lifetime limits will restrict the amount of student loans that can be borrowed:

Life Time loan limits for 4-Year Bachelor’s Degree Undergraduate students:
Dependent = $31,000
Independent = $57,500
(Of these lifetime amounts, no more than $23,000 can be subsidized.)

Students should limit borrowing to only what is absolutely necessary, as loans must be repaid. The average loan debt of Black Hawk College graduates was $8,251 for the 2017-18 school year. We recommend students use the Federal Student Aid Repayment Calculator and the Mapping Your Future Debt/Salary Wizard to understand the long-term costs of borrowing and their anticipated ability to repay their student loans.

Is there a time limit on how long I can receive loans?

Yes – per Satisfactory Academic Progress requirements, a student is eligible to receive financial aid for a maximum of 150% of their program. Associate programs allow 96 attempted credit hours at Black Hawk College. Certificate programs allow 48 attempted credit hours at Black Hawk College. Transfer credit hours and withdrawn courses are included in this calculation.
In addition, many financial aid programs have lifetime limits:

  • Federal Pell Grant – equivalent of six years of full-time enrollment (12 credit hours/semester)
  • Illinois MAP Grant – equivalent of four and a half years of full-time enrollment (15 credit hours/semester)
  • Federal Student Loans – $31,000 for dependent students, $57,500 for independent students (of these lifetime amounts, no more than $23,000 can be subsidized)

Additionally, the maximum time period that a new student loan borrower can receive Direct Subsidized loans is 150% of the published length of the program of study. New borrowers are encouraged to meet with an Academic Advisor to make sure you are in the correct major.

Loan applications take approximately two weeks for processing after receiving all required documents at www.bhc.edu/loan. This may increase to three or more weeks during peak registration periods (the time between payment deadline and the start of the semester). Loans will be processed in the order they are received. After submitting the loan application and all requirements, students should monitor their myBlackHawk email for status updates.

Refunds are processed by the Bursar’s Office once a credit balance is created on your billing account. Refunds will be available approximately 14 days AFTER the credit balance is created. To avoid delays, students who anticipate receiving a refund should log into their account on www.refundselection.com to select a refund preference as soon as possible.

Students should ALWAYS contact the Financial Aid Office BEFORE changing their schedule (adding or dropping classes) to determine how changes will impact their costs and financial aid.

Financial aid is based on attendance for the entire semester. If you drop ALL of your classes before 60% of the semester is complete, federal regulations require schools to recalculate your financial aid eligibility (including student loans) to determine how much was “earned”. Based on the last date of academic activity or participation, your financial aid will be adjusted accordingly, which may mean repaying some or all of your financial aid.

In addition, students are expected to complete 67% of their attempted coursework (see Satisfactory Academic Progress). Withdrawing from coursework may negatively impact your eligibility to continue receiving financial aid in the future.

You must cancel any pending loans at Black Hawk College and contact your new college to determine what requirements you need to complete.

Loan borrowers are required to participate in Federal Loan Exit Counseling after graduating, withdrawing, or dropping to less than 6 credit hours, even if they intend transfer to another institution. Black Hawk College will mail a letter with Exit Counseling information.

A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan. It is important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.

Black Hawk College will list your loan servicer in your Exit Counseling letter. Your Loan Servicer will contact you concerning repayment. You may also access this information, as well as your loan history, on the National Student Loan Data System.

Repayment begins 6 months after graduating, withdrawing, or dropping to less than 6 credit hours. Additional information is available through Federal Student Aid: Understanding Repayment and Federal Student Aid: How to Repay Your Loans.

If you don’t make your student loan payment or make your payment late, your loan may eventually go into default. If you default on your student loan, that status will be reported to credit bureaus, and your credit rating and future borrowing ability will be damaged. In addition, legal action can be taken to require payment through garnishment of wages and withholding of tax refunds.

In addition, students with a defaulted loan will lose eligibility to receive any additional federal or state financial aid.

June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

For general student loan information, please refer to Federal Student Aid: Student Loans.

Loan funds will credit your billing account after the 30th day of the semester. Because loans must paid in two equal disbursements, funds will credit in:

Loan 1st Disbursement 2nd Disbursement
Full-Year Late September Late February
Single-Semester (Fall) Late September Late October
Single-Semester (Spring) Late February Late March
Single-Semester (Summer) Early July Mid July

NOTE: Incomplete loan requirements will delay disbursement(s) of your student loan(s).

Any credit balance created after loan funds are disbursed will be refunded to the student.

Load More


Frequently asked questions about financial aid and loans

The applications are available:
June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

  • As stated in Federal Loan Guidelines, the actual loan amount you are eligible to receive for an academic year is determined by your school. Loan eligibility at Black Hawk College is determined on a case-by-case basis as authorized under 34 CFR 685.301(a)8 of the Higher Education Act.

The maximum annual amounts a student may request are:

 Grade Level  Degree Applicable Hours Completed  Loan Limits
 Year 1  0 – 29 credit hours   $3,500
 Year 2  30 – 64 credit hours  $4,500

 

 Annual Additional Unsubsidized Stafford Loan limits are:
 Dependent Students in Year 1 or Year 2 $2,000
 Independent Students in Year 1 or Year 2  $6,000

 

In addition, lifetime limits will restrict the amount of student loans that can be borrowed:

Life Time loan limits for 4-Year Bachelor’s Degree Undergraduate students:
Dependent = $31,000
Independent = $57,500
(Of these lifetime amounts, no more than $23,000 can be subsidized.)

Students should limit borrowing to only what is absolutely necessary, as loans must be repaid. The average loan debt of Black Hawk College graduates was $8,251 for the 2017-18 school year. We recommend students use the Federal Student Aid Repayment Calculator and the Mapping Your Future Debt/Salary Wizard to understand the long-term costs of borrowing and their anticipated ability to repay their student loans.

Is there a time limit on how long I can receive loans?

Yes – per Satisfactory Academic Progress requirements, a student is eligible to receive financial aid for a maximum of 150% of their program. Associate programs allow 96 attempted credit hours at Black Hawk College. Certificate programs allow 48 attempted credit hours at Black Hawk College. Transfer credit hours and withdrawn courses are included in this calculation.
In addition, many financial aid programs have lifetime limits:

  • Federal Pell Grant – equivalent of six years of full-time enrollment (12 credit hours/semester)
  • Illinois MAP Grant – equivalent of four and a half years of full-time enrollment (15 credit hours/semester)
  • Federal Student Loans – $31,000 for dependent students, $57,500 for independent students (of these lifetime amounts, no more than $23,000 can be subsidized)

Additionally, the maximum time period that a new student loan borrower can receive Direct Subsidized loans is 150% of the published length of the program of study. New borrowers are encouraged to meet with an Academic Advisor to make sure you are in the correct major.

Loan applications take approximately two weeks for processing after receiving all required documents at www.bhc.edu/loan. This may increase to three or more weeks during peak registration periods (the time between payment deadline and the start of the semester). Loans will be processed in the order they are received. After submitting the loan application and all requirements, students should monitor their myBlackHawk email for status updates.

Refunds are processed by the Bursar’s Office once a credit balance is created on your billing account. Refunds will be available approximately 14 days AFTER the credit balance is created. To avoid delays, students who anticipate receiving a refund should log into their account on www.refundselection.com to select a refund preference as soon as possible.

Students should ALWAYS contact the Financial Aid Office BEFORE changing their schedule (adding or dropping classes) to determine how changes will impact their costs and financial aid.

Financial aid is based on attendance for the entire semester. If you drop ALL of your classes before 60% of the semester is complete, federal regulations require schools to recalculate your financial aid eligibility (including student loans) to determine how much was “earned”. Based on the last date of academic activity or participation, your financial aid will be adjusted accordingly, which may mean repaying some or all of your financial aid.

In addition, students are expected to complete 67% of their attempted coursework (see Satisfactory Academic Progress). Withdrawing from coursework may negatively impact your eligibility to continue receiving financial aid in the future.

You must cancel any pending loans at Black Hawk College and contact your new college to determine what requirements you need to complete.

Loan borrowers are required to participate in Federal Loan Exit Counseling after graduating, withdrawing, or dropping to less than 6 credit hours, even if they intend transfer to another institution. Black Hawk College will mail a letter with Exit Counseling information.

A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan. It is important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.

Black Hawk College will list your loan servicer in your Exit Counseling letter. Your Loan Servicer will contact you concerning repayment. You may also access this information, as well as your loan history, on the National Student Loan Data System.

Repayment begins 6 months after graduating, withdrawing, or dropping to less than 6 credit hours. Additional information is available through Federal Student Aid: Understanding Repayment and Federal Student Aid: How to Repay Your Loans.

If you don’t make your student loan payment or make your payment late, your loan may eventually go into default. If you default on your student loan, that status will be reported to credit bureaus, and your credit rating and future borrowing ability will be damaged. In addition, legal action can be taken to require payment through garnishment of wages and withholding of tax refunds.

In addition, students with a defaulted loan will lose eligibility to receive any additional federal or state financial aid.

June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

For general student loan information, please refer to Federal Student Aid: Student Loans.

Loan funds will credit your billing account after the 30th day of the semester. Because loans must paid in two equal disbursements, funds will credit in:

Loan 1st Disbursement 2nd Disbursement
Full-Year Late September Late February
Single-Semester (Fall) Late September Late October
Single-Semester (Spring) Late February Late March
Single-Semester (Summer) Early July Mid July

NOTE: Incomplete loan requirements will delay disbursement(s) of your student loan(s).

Any credit balance created after loan funds are disbursed will be refunded to the student.

Load More


Frequently asked questions about financial aid and loans

The applications are available:
June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

  • As stated in Federal Loan Guidelines, the actual loan amount you are eligible to receive for an academic year is determined by your school. Loan eligibility at Black Hawk College is determined on a case-by-case basis as authorized under 34 CFR 685.301(a)8 of the Higher Education Act.

The maximum annual amounts a student may request are:

 Grade Level  Degree Applicable Hours Completed  Loan Limits
 Year 1  0 – 29 credit hours   $3,500
 Year 2  30 – 64 credit hours  $4,500

 

 Annual Additional Unsubsidized Stafford Loan limits are:
 Dependent Students in Year 1 or Year 2 $2,000
 Independent Students in Year 1 or Year 2  $6,000

 

In addition, lifetime limits will restrict the amount of student loans that can be borrowed:

Life Time loan limits for 4-Year Bachelor’s Degree Undergraduate students:
Dependent = $31,000
Independent = $57,500
(Of these lifetime amounts, no more than $23,000 can be subsidized.)

Students should limit borrowing to only what is absolutely necessary, as loans must be repaid. The average loan debt of Black Hawk College graduates was $8,251 for the 2017-18 school year. We recommend students use the Federal Student Aid Repayment Calculator and the Mapping Your Future Debt/Salary Wizard to understand the long-term costs of borrowing and their anticipated ability to repay their student loans.

Is there a time limit on how long I can receive loans?

Yes – per Satisfactory Academic Progress requirements, a student is eligible to receive financial aid for a maximum of 150% of their program. Associate programs allow 96 attempted credit hours at Black Hawk College. Certificate programs allow 48 attempted credit hours at Black Hawk College. Transfer credit hours and withdrawn courses are included in this calculation.
In addition, many financial aid programs have lifetime limits:

  • Federal Pell Grant – equivalent of six years of full-time enrollment (12 credit hours/semester)
  • Illinois MAP Grant – equivalent of four and a half years of full-time enrollment (15 credit hours/semester)
  • Federal Student Loans – $31,000 for dependent students, $57,500 for independent students (of these lifetime amounts, no more than $23,000 can be subsidized)

Additionally, the maximum time period that a new student loan borrower can receive Direct Subsidized loans is 150% of the published length of the program of study. New borrowers are encouraged to meet with an Academic Advisor to make sure you are in the correct major.

Loan applications take approximately two weeks for processing after receiving all required documents at www.bhc.edu/loan. This may increase to three or more weeks during peak registration periods (the time between payment deadline and the start of the semester). Loans will be processed in the order they are received. After submitting the loan application and all requirements, students should monitor their myBlackHawk email for status updates.

Refunds are processed by the Bursar’s Office once a credit balance is created on your billing account. Refunds will be available approximately 14 days AFTER the credit balance is created. To avoid delays, students who anticipate receiving a refund should log into their account on www.refundselection.com to select a refund preference as soon as possible.

Students should ALWAYS contact the Financial Aid Office BEFORE changing their schedule (adding or dropping classes) to determine how changes will impact their costs and financial aid.

Financial aid is based on attendance for the entire semester. If you drop ALL of your classes before 60% of the semester is complete, federal regulations require schools to recalculate your financial aid eligibility (including student loans) to determine how much was “earned”. Based on the last date of academic activity or participation, your financial aid will be adjusted accordingly, which may mean repaying some or all of your financial aid.

In addition, students are expected to complete 67% of their attempted coursework (see Satisfactory Academic Progress). Withdrawing from coursework may negatively impact your eligibility to continue receiving financial aid in the future.

You must cancel any pending loans at Black Hawk College and contact your new college to determine what requirements you need to complete.

Loan borrowers are required to participate in Federal Loan Exit Counseling after graduating, withdrawing, or dropping to less than 6 credit hours, even if they intend transfer to another institution. Black Hawk College will mail a letter with Exit Counseling information.

A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan. It is important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.

Black Hawk College will list your loan servicer in your Exit Counseling letter. Your Loan Servicer will contact you concerning repayment. You may also access this information, as well as your loan history, on the National Student Loan Data System.

Repayment begins 6 months after graduating, withdrawing, or dropping to less than 6 credit hours. Additional information is available through Federal Student Aid: Understanding Repayment and Federal Student Aid: How to Repay Your Loans.

If you don’t make your student loan payment or make your payment late, your loan may eventually go into default. If you default on your student loan, that status will be reported to credit bureaus, and your credit rating and future borrowing ability will be damaged. In addition, legal action can be taken to require payment through garnishment of wages and withholding of tax refunds.

In addition, students with a defaulted loan will lose eligibility to receive any additional federal or state financial aid.

June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

For general student loan information, please refer to Federal Student Aid: Student Loans.

Loan funds will credit your billing account after the 30th day of the semester. Because loans must paid in two equal disbursements, funds will credit in:

Loan 1st Disbursement 2nd Disbursement
Full-Year Late September Late February
Single-Semester (Fall) Late September Late October
Single-Semester (Spring) Late February Late March
Single-Semester (Summer) Early July Mid July

NOTE: Incomplete loan requirements will delay disbursement(s) of your student loan(s).

Any credit balance created after loan funds are disbursed will be refunded to the student.

Load More


Frequently asked questions about financial aid and loans

The applications are available:
June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

  • As stated in Federal Loan Guidelines, the actual loan amount you are eligible to receive for an academic year is determined by your school. Loan eligibility at Black Hawk College is determined on a case-by-case basis as authorized under 34 CFR 685.301(a)8 of the Higher Education Act.

The maximum annual amounts a student may request are:

 Grade Level  Degree Applicable Hours Completed  Loan Limits
 Year 1  0 – 29 credit hours   $3,500
 Year 2  30 – 64 credit hours  $4,500

 

 Annual Additional Unsubsidized Stafford Loan limits are:
 Dependent Students in Year 1 or Year 2 $2,000
 Independent Students in Year 1 or Year 2  $6,000

 

In addition, lifetime limits will restrict the amount of student loans that can be borrowed:

Life Time loan limits for 4-Year Bachelor’s Degree Undergraduate students:
Dependent = $31,000
Independent = $57,500
(Of these lifetime amounts, no more than $23,000 can be subsidized.)

Students should limit borrowing to only what is absolutely necessary, as loans must be repaid. The average loan debt of Black Hawk College graduates was $8,251 for the 2017-18 school year. We recommend students use the Federal Student Aid Repayment Calculator and the Mapping Your Future Debt/Salary Wizard to understand the long-term costs of borrowing and their anticipated ability to repay their student loans.

Is there a time limit on how long I can receive loans?

Yes – per Satisfactory Academic Progress requirements, a student is eligible to receive financial aid for a maximum of 150% of their program. Associate programs allow 96 attempted credit hours at Black Hawk College. Certificate programs allow 48 attempted credit hours at Black Hawk College. Transfer credit hours and withdrawn courses are included in this calculation.
In addition, many financial aid programs have lifetime limits:

  • Federal Pell Grant – equivalent of six years of full-time enrollment (12 credit hours/semester)
  • Illinois MAP Grant – equivalent of four and a half years of full-time enrollment (15 credit hours/semester)
  • Federal Student Loans – $31,000 for dependent students, $57,500 for independent students (of these lifetime amounts, no more than $23,000 can be subsidized)

Additionally, the maximum time period that a new student loan borrower can receive Direct Subsidized loans is 150% of the published length of the program of study. New borrowers are encouraged to meet with an Academic Advisor to make sure you are in the correct major.

Loan applications take approximately two weeks for processing after receiving all required documents at www.bhc.edu/loan. This may increase to three or more weeks during peak registration periods (the time between payment deadline and the start of the semester). Loans will be processed in the order they are received. After submitting the loan application and all requirements, students should monitor their myBlackHawk email for status updates.

Refunds are processed by the Bursar’s Office once a credit balance is created on your billing account. Refunds will be available approximately 14 days AFTER the credit balance is created. To avoid delays, students who anticipate receiving a refund should log into their account on www.refundselection.com to select a refund preference as soon as possible.

Students should ALWAYS contact the Financial Aid Office BEFORE changing their schedule (adding or dropping classes) to determine how changes will impact their costs and financial aid.

Financial aid is based on attendance for the entire semester. If you drop ALL of your classes before 60% of the semester is complete, federal regulations require schools to recalculate your financial aid eligibility (including student loans) to determine how much was “earned”. Based on the last date of academic activity or participation, your financial aid will be adjusted accordingly, which may mean repaying some or all of your financial aid.

In addition, students are expected to complete 67% of their attempted coursework (see Satisfactory Academic Progress). Withdrawing from coursework may negatively impact your eligibility to continue receiving financial aid in the future.

You must cancel any pending loans at Black Hawk College and contact your new college to determine what requirements you need to complete.

Loan borrowers are required to participate in Federal Loan Exit Counseling after graduating, withdrawing, or dropping to less than 6 credit hours, even if they intend transfer to another institution. Black Hawk College will mail a letter with Exit Counseling information.

A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan. It is important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.

Black Hawk College will list your loan servicer in your Exit Counseling letter. Your Loan Servicer will contact you concerning repayment. You may also access this information, as well as your loan history, on the National Student Loan Data System.

Repayment begins 6 months after graduating, withdrawing, or dropping to less than 6 credit hours. Additional information is available through Federal Student Aid: Understanding Repayment and Federal Student Aid: How to Repay Your Loans.

If you don’t make your student loan payment or make your payment late, your loan may eventually go into default. If you default on your student loan, that status will be reported to credit bureaus, and your credit rating and future borrowing ability will be damaged. In addition, legal action can be taken to require payment through garnishment of wages and withholding of tax refunds.

In addition, students with a defaulted loan will lose eligibility to receive any additional federal or state financial aid.

June 1 – October 31: Full Year or Fall Only
November 1 – March 31: Spring Only
April 1 – June 15: Summer Only*

*There are no summer loans for students enrolled in only July-start courses.

In order to have your loan application processed by the payment deadline, submit your loan application by:
Fall semester: July 1
Spring semester: December 1
Summer semester: May 1

For general student loan information, please refer to Federal Student Aid: Student Loans.

Loan funds will credit your billing account after the 30th day of the semester. Because loans must paid in two equal disbursements, funds will credit in:

Loan 1st Disbursement 2nd Disbursement
Full-Year Late September Late February
Single-Semester (Fall) Late September Late October
Single-Semester (Spring) Late February Late March
Single-Semester (Summer) Early July Mid July

NOTE: Incomplete loan requirements will delay disbursement(s) of your student loan(s).

Any credit balance created after loan funds are disbursed will be refunded to the student.

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