#student loan information
Student Loan Information
Palomar College participates in the William D. Ford Direct Loan Program, administered by the US Department of Education. Direct student loans are low interest loans to help pay for the cost of a student’s education after high school. William D. Ford loan funds are borrowed directly from the federal government, not from banks.
While we neither promote nor advocate student loans, we do provide information on the process and the rights responsibilities that accompany obtaining both subsidized and unsubsidized student loans to interested students. It is our hope that the information on this site will help you make an informed decision about borrowing student loans.
IMPORTANT: Loan funds are borrowed money that must be repaid with interest. Remember, you must repay the full amount of your loan(s) even if you don’t complete your education program, can’t find work related to your area of study or are dissatisfied with the education or services you received from your school(s). Defaulting on a student loan has serious negative consequences for the borrower.