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.
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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.

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)

2026-2027 Alternative Loan Release Form (requires login on BC Webcentral)

2025-2026 Alternative Loan Release form (requires login on BC WebCentral)

2024–25 Alternative Loan Release Form (requires login on BC Web Central)

2023–24 Alternative Loan Release Form (requires login on BC Web Central)