The loan resource page contains the resources to assist you with the federal direct loan and private educational alternative loan processes:
- Information Guides
- Federal Direct Loan Request forms
- Private Alternative Educational Loan Release form
- Additional information including a link to deadline dates
Important Update About The Federal Direct Loan Request Process for 2026-2027
2026-2027 Why Are Loan Processes Delayed?
We want to let you know that Federal Direct Loan processing for the 2026-2027 year is currently delayed. Check back here for updates on timeline. Note that it may be as late as May or June 2026 until we have more information.
This delay is happening because the U.S. Department of Education is making required updates related to the OBD/OBBBA regulatory changes, and the final federal rules have not yet been fully implemented. Until those updates are complete, schools across the country—including ours—cannot move forward with certain steps in the loan process.
One of the biggest changes is that students who are enrolled less than full-time will have their loan prorated down based on the number of credits they are taking. The rules concerning how that will be implemented have not been finalized yet.
What this means for you:
You can still proceed with submitting a Federal Direct Loan request for 2026-2027 if you choose to.
|
Your loan request, if submitted, will be on file and safe.
No action is needed from you right now after you submit.
Processing will start as soon as the federal rules are finalized and systems are ready. This may not be until May or June of 2026. Check back here for updates
We know delays can be stressful, and we appreciate your patience while the Department of Education to implement the final rules.
If you have questions or need help understanding the process, we’re here for you.
This delay is happening because the U.S. Department of Education is making required updates related to the OBD/OBBBA regulatory changes, and the final federal rules have not yet been fully implemented. Until those updates are complete, schools across the country—including ours—cannot move forward with certain steps in the loan process.
One of the biggest changes is that students who are enrolled less than full-time will have their loan prorated down based on the number of credits they are taking. The rules concerning how that will be implemented have not been finalized yet.
What this means for you:
You can still proceed with submitting a Federal Direct Loan request for 2026-2027 if you choose to.
|
Your loan request, if submitted, will be on file and safe.
No action is needed from you right now after you submit.
Processing will start as soon as the federal rules are finalized and systems are ready. This may not be until May or June of 2026. Check back here for updates
We know delays can be stressful, and we appreciate your patience while the Department of Education to implement the final rules.
If you have questions or need help understanding the process, we’re here for you.
Information Guides
Federal and Private Alternative Loan Guides by Degree Type
Federal Direct Loan Request Forms
NOTE: You must be registered for at least six (6) credits to be able to submit a federal direct loan form.
Summer 2025, Fall 2025 and Spring 2026
Initial Federal Direct Loan Application (requires login on BC Web Central)
Federal Direct Loan Status Change (Increase/Reduce/Cancel) Form (requires login on BC Web Central)
Graduate PLUS Loan Application (requires login on BC Web Central)
Parent PLUS Loan Application (requires login on BC Web Central)
Federal Direct Loan Status Change (Increase/Reduce/Cancel) Form (requires login on BC Web Central)
Graduate PLUS Loan Application (requires login on BC Web Central)
Parent PLUS Loan Application (requires login on BC Web Central)
Summer 2026, Fall 2026 and Spring 2027
Initial Federal Direct Loan Application (requires login on BC Web Central) (Expected availability 3/13/2026. See section above about loan processing delays for 26-27)
Private Loan Forms
Alternative Private Educational Loan Release Forms
Additional Information
Online Federal Direct Loan Counseling, Repayment & Loan History
Click for more Federal Direct Loan Resources
Complete Direct Loan Entrance Counseling
Sign a Master Promissory Note
Complete Student Loan Exit Counseling
Appeal a PLUS Credit Decision or Obtain an Endorser
Complete PLUS Credit Counseling
Complete TEACH Grant Counseling and Agreement to Serve
Managing Direct Loan Repayment, Deferments, and Forbearance
View Your Direct Loan Borrowing History
Sign a Master Promissory Note
Complete Student Loan Exit Counseling
Appeal a PLUS Credit Decision or Obtain an Endorser
Complete PLUS Credit Counseling
Complete TEACH Grant Counseling and Agreement to Serve
Managing Direct Loan Repayment, Deferments, and Forbearance
View Your Direct Loan Borrowing History
Federal Direct Loan Important Dates and Deadlines
Federal Direct Loan Application Important Dates and Deadlines
Federal Direct Loan Program Information
Federal Direct Loan Program Information
Alternative Private Educational Loan Information
ELM Select – CUNY Alternative Lender Comparison List
Brooklyn College “Alternative/Private Student Loans” webpage