Default Prevention Game Plan

Student loans are available to help offset educational expenses for a specific academic period. All federal loans have annual and cumulative loan limits. It is our goal to make students aware of the serious obligation involved in obtaining student loans. Borrowing student loans should be your last alternative. You should exhaust all other resources of financial assistance first including scholarships, state grants, and campus work-study before applying for a student loan.

Our Default Prevention Plan at Marshalltown Community College encourages students to borrow only what is necessary to complete their education. Students with an aggregate loan debt exceeding $9,500 are encouraged to complete the ‘Student Loan Game Plan.’ This plan is provided by Iowa Student Loan and is an interactive educational resource that demonstrates how student loan debt may affect your financial future. It provides personalized real-time results and lets you develop an action plan to help reduce your need to borrow.

Go online to www.iowastudentloan.org

Take the following steps once you have logged in.

• Select ‘Student Loan Game Plan’ under Planning Tools tab

• Click ‘I have already enrolled in college’ under For College Students

Fill in how much you have already borrowed and will need to repay.*

Use this amount in Recording Your Student Loan Amounts. (See below)

Log in to https://studentloans.gov using your FSA ID

Take the following steps once you have logged in.

• Select ‘My Account’

• Under ‘My Loan Servicer’ select the website link listed for your loan servicer

• Log into your account or set up account with your loan servicer

• The loan principal amount listed is what you will use as the amount already borrowed

Name*

First Last

MCC ID#*

• Number of credit hours needed to complete your degree/diploma:*

(Contact your MCC Academic Advisor)

Email*

Anticipated graduation date from MCC*

(MM/YYYY)

• Estimated additional loan(s) amount needed to graduate from MCC*

Signature Authorization*

By checking this box, I understand that all of the information on this form is true and correct. I understand that any loan that I borrow will be disbursed in two halves. I understand that I must be attending class before I can receive any federal financial aid.

Name

This field is for validation purposes and should be left unchanged.

Admissions

Go online to www.iowastudentloan.org

Log in to https://studentloans.gov using your FSA ID

Contact

Rachael Koehler

Apply Now