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Itasca Community College - Grand Rapids, MN Itasca Community College - Grand Rapids, MN
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Financial Aid @ ICC
ICC Costs
How to Apply
Types of Aid
Apply for Loans
Forms and Policies
Paying Your Bill
Probation / Suspension
Aid Disbursement
Calendar / Deadlines
Attending Two Colleges
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FACTS/Nelnet Payment Plan  





Applying for Loans

Federal Direct Loan (subsidized and unsubsidized)

You will need the following items in order to complete your loan application:

  • Official Award Notice
  • Federal PIN
  • Driver's license number
  • Addresses and phone numbers of two references (references cannot be at the same address)
  • You must use Mozilla Firefox or Internet Explorer web browser
Every student must complete three steps to apply for your Federal Direct Loan:
  1. Print and complete the Direct Student Loan Request
    • All students will need to complete this form each time they wish to borrow a loan.
  2. Complete Direct Student Loan Entrance Counseling
  3. Complete the Master Promissory Note (MPN)
2006-2007

Federal regulations require that ICC delay the first Direct Loan disbursement by 30 days for first time, first year borrowers. Also, fall only or spring only loans must be disbursed in two separate disbursements.



Perkins Loan

This loan is only available to students who have been awarded a Perkins Loan on their Official Award Notice. 

If you have been awarded a Perkins Loan, you will need to complete THREE steps to apply for a Perkins Loan:

  1. Entrance Counseling - complete online at web link below
  2. Master Promissory Note (MPN) - Complete in the Financial Aid Office.
  3. Rights and Responsibilities Statement - Complete in the Financial Aid Office.
You will need the following three items in order to complete your loan application:
  • Official Award Notice
  • Driver's license number
  • Addresses and phone numbers of two references (references cannot be at the same address)
DO NOT APPLY FOR LOANS UNTIL YOU HAVE RECEIVED YOUR AWARD NOTIFICATION E-MAIL.

Complete Perkins Entrance Counseling


PLUS Loan

A PLUS loan is taken out in your parent's name and used for your educational expenses. Your parent must have an acceptable credit history and complete a Master Promissory Note (MPN).  

Parents will need the following items in order to complete their loan application:

  • Student's Official Award Notice
  • Parent's Federal PIN
  • Addresses and phone numbers of two references (references cannot be at the same address)
  • Mozilla Firefox or Internet Explorer web browser

Complete the PLUS Loan Application
(After the parent has logged in, click Request PLUS Loan)

If your parent's credit is denied, you may be eligible for an additional unsubsidized Stafford loan.  Check with the financial aid office for more information.


Alternative (Private) Loans

Itasca Community College maintains a historical list of all private lenders who continue to participate in the Alternative Student Loan program and who have provided funds to ICC students since the fall semester of 2007. These alternative loans are governed by certain federal regulations but are funded through a private lending institution.

Historical Lender List

Itasca Community College
1851 East Highway 169, Grand Rapids, MN 55744-3397
1-800-996-6422 or 218-322-2300
Fax: 218-322-2332

We Are An Equal Opportunity Educator and Employer
This document is available in alternate formats, 218-322-2433
© 2008 Itasca Community College


A member of the Minnesota State Colleges and Universities