How long will it take to finish my degree?

The AA and AS degrees require 64 credit hours. The length of time it takes to complete the degree depends upon how many credit hours you plan to take each semester, whether you plan to take classes in the summer, how much prior course work you transfer in, etc. To plan the most efficient schedule […]

Read More »

What are the consequences of not repaying a student loan?

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 […]

Read More »

When do I have to begin repaying my Federal Direct Student Loan?

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.

Read More »

What is a Loan Servicer?

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 […]

Read More »

What is Exit Counseling?

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.

Read More »

What happens if I transfer to another college during the same academic year?

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

Read More »

What if I drop out or stop attending during the semester?

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 […]

Read More »

When will I receive my loan refund?

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.

Read More »

How long will it take to process my loan?

Loan applications take approximately two weeks for processing after receiving all required documents, learn more about loan applications here. 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 […]

Read More »

How much can I borrow at Black Hawk College?

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 […]

Read More »