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Student Financial Services

Receiving Grant & Loan Funds

Important
If you are new to GBC and a first time grant or loan recipient, distributing your financial aid funds will entail an extra 30 days. Be sure to apply for a Deferred Payment Plan in the MyGBC Self-Service Center.

Provided that you have successfully completed all steps in applying for federal student aid, grant and loan funding is normally applied to your GBC tuition and housing expense on the Friday before classes begin. At that time any remaining amounts will be mailed to you by postal mail.

 

As noted above, the release of funds may take up to 30 days longer for first-time GBC students, or GBC students receiving federal financial aid for the first time.

 

 

Reasons why your loans are not posted
in the MyGBC Self-Service Center

(why you're not receiving funding)

  1. You did not accept your loan(s) award on MyGBC Self-Service Center. Complete step 5 of the application process.
  2. You accepted your loans in the fall semester, but did not attend or you were ineligible (see C below) and now your loans had to be cancelled. You have to go back and accept your loans again on the MyGBC Self-Service Center.
  3. You are not enrolled in six (6) eligible credits. Any classes lower than 095 cannot be used toward the six credits required to receive a loan.
  4. You have not completed the Entrance Counseling. Complete step 6 of the application process. If you completed the counseling but did not submit it electronically, at www.studentloans.gov, on the menu under Counseling, select View Previously Completed Counseling.
  5. You have not completed the Master Promissory Note or have not submitted it electronically. Complete step 7 of the loan application process. If you completed the note but did not submit it, at www.studentloans.gov, on the My Loan Documents menu, select Completed MPNs.
  6. You have requested a loan after October 1st or March 1st and have not turned your Mid-Semester Progress Report. Complete step 8 of the loan application process.
  7. You have turned in the Mid-Semester Progress Report and are not making a C averages in your classes. Refer to GBC Academic Standards for students receiving federal financial aid.
  8. The GBC Financial Services Office has been notified by your instructor(s) that you are not attending or participating in your class.
  9. We have received notification from the Department of Education that you are defaulted in repaying a previous student loan.
  10. Your residency status has changed to "out-of-state" which in some cases all loan monies have been applied to your student account.
  11. You haven’t checked your Communication Center in MyGBC Self-Service Center to see if anything has changed on your To do List. You may need to submit more forms. Changes to your academic progress may have changed and you may have to submit an appeal for not making satisfactory academic progress or you are at your maximum credit limit for your declared degree objective.

 

 


 

 

Great Basin College - 1500 College Parkway - Elko, Nevada 89801 - 775.738.8493
A member institution of the Nevada System of Higher Education
Accredited by the Northwest Commission on Colleges and Universities

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