Loan Information

Emergency Loans

Emergency loans are designed to assist BMCC students in the time period between the start of classes and their financial assistance disbursement. These are primarily reserved for the purchase of books. Students may, in very rare instances, access an emergency loan without the benefit of forthcoming financial assistance. To learn more about the process of applying for an emergency loan, Click Here. 

Federal Stafford/PLUS Loans

If you are interested in applying for a Federal Student Loan or, for parents of dependant students, a Federal PLUS Loan, you must first complete your Free Application for Federal Student Aid (FAFSA) which you can do at www.fafsa.ed.gov. Once you have received an award letter from BMCC, you can then complete the steps listed below. ALL new and returning students must complete the following steps when applying for federal student loans:

Step 1: Mapping Your Future Stafford Loan On-Line Entrance Counseling

  1. Go to http://mappingyourfuture.org
  2. Select "Student Loan Counseling Interview" from the "Site Menu" at left of screenSelect "Financial
  3. Select "Stafford Entrance"
  4. Select "Oregon" from the "Select your U.S. state or territory" pull-down menu
  5. Select "Blue Mountain Community College" from the "Now, select your school" menu
  6. Follow the instructions carefully until you have completed the entrance counseling. 

Step 2: Choose your Lender and Complete your Master Promissory Note (MPN):

Upon completion of Step 1, if you are not automatically routed to the ELM lenders list, then click here and follow the directions below.

  1. Read the disclosure, check the box, and click “Accept”
  2. Select State "Oregon"
  3. Select school "Blue Mountain Community College"
  4. Click “Search”
  5. Place your pointer over “Search for other lenders” to the right
  6. Select “ELM Resources Lender Directory”
  7. You can scroll through the entire list and choose a lender, or if you know which lender you want, you can place your pointer over the letter in the alphabet and click.  That will take you to the page that the lender will be on and you can click on that lender to go to their page
  8. Once on a lenders page, select "Stafford Loan" or "Federal Stafford Loan" 
  9. The final step is to complete the "Master Promissory Note" (MPN), which you may do either electronically or with a paper MPN.  Directions are below.
  • Electronically: Using your Federally assigned PIN (used to electronically sign your FAFSA) you may electronically sign your MPN. If you do not have a Federal PIN, you can go to www.pin.ed.gov to receive one.

                                                                                      OR

  • Paper MPN: If you would prefer to complete a paper MPN, please contact our office for detailed instructions.

New Borrowers

By federal regulation, all first time borrowers must wait 30 days for their first Federal Stafford loan disbursement. Your loan funds will be available as of the 31st day of the first term that you receive loan. You can find those dates by going to "Dates and Deadlines" from the Financial Assistance Home page..

Click here for Deadlines  applying to loans