ABOUT GBC
Welcome to Great Basin College!
Great Basin College wants to be your choice for higher education. GBC offers associate and baccalaureate level instruction in career and technical education and academic areas. About 4,000 students are enrolled annually online from across the country and on campuses and centers across 86,500 square miles, two time zones, and ten of Nevada's largest counties. We border Arizona, Oregon, Idaho, Utah, and California. We are GBC!
We are GBC!
ADMISSION TO GBC
Admissions Home
Academic Advising
Admissions Requirements
Apply for Admission
Consulting an Admissions Advisor
Cost of Attending
Earn Credits While in High School
Fee and Tuition Schedule
Financial Aid
International Students
Knowing about Placement
Making Payments
Nevada Foster Youth Fee Waiver (NSHE)
ACADEMICS AT GBC
CTE College Credit Program
High School/Dual Enrollment
High School FAQ
High School Students
STUDENT SERVICES
Great Basin College is a pioneer in long-distance education and online education delivery. GBC offers a diverse array of certificate and degree programs that are completely online!
COMMUNITY
Great Basin College wants to be your choice for higher education. GBC offers associate and baccalaureate level instruction in career and technical education and academic areas. About 4,000 students are enrolled annually online from across the country and on campuses and centers across 86,500 square miles, two time zones, and ten of Nevada's largest counties. We border Arizona, Oregon, Idaho, Utah, and California. We are GBC!
FIND INFORMATION
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RESOURCES
FOR MORE INFORMATION
Student Financial Services
Berg Hall
Great Basin College
Phone: 775-753-2399
Email: financial-aid@gbcnv.edu
The Free Application for Federal Student Aid (FAFSA) is the foundation for applying for Federal Direct Student Loans with low interest rates. The interest rate is adjusted every July 1st based on the 91-day T-Bill , but will not exceed 8.25%.
In an effort to better educate and provide financial information about your rights and responsibilities as a student loan recipient, Great Basin College is required to have all students complete the Entrance Counseling Session on each loan borrower every academic year.
Upon the completion of the Entrance Counseling and the Master Promissory Note (MPN), GBC will be notified electronically that the student has completed and met the requirements by the Department of Education. Step-by-Step instructions are in the GBC Handbook.
Federal Student Loans are a financial obligation to repay with interest, this decision must be made carefully.
The consequences of not repaying student loans, which can be severe, include the following:
Reminder: Student Loans do go away unless you repay!
Check your valid personal email account for a “Financial Aid Award Notice” or “GBC No Grant Eligibility” emails from the GBC Financial Aid Office. If you have not received any emails, contact the GBC Student Financial Services Office in Elko at (775) 753-2399.
OR
Log into: MyGBC Student Self Service Center to view your Financial Aid Award.
You must decide whether or not to incur a loan. If you do, you have the option to borrow the whole amount offered or a lesser amount.
Be a responsible borrower! Watch video.
The Federal Direct Student Loans programs are long-term federal loans.
Interest Rates for Sub/Unsub for 2020-2021: 2.75%
There are 2 types of student Loans:
Fall/Spring Loans: Students beginning the student loan process in the fall term will receive two disbursements equally divided between fall and spring.
Spring Term Loans Only: Students beginning the loan process in the spring will receive two equal disbursements 30 days apart. Progress Reports may apply for the 1st disbursement. Progress reports are mandatory for 2nd disbursement of student loans.
Because a loan is a financial obligation to repay with interest, this decision must be made carefully. Before accepting a loan, GBC recommends that you:
STUDENTS ARE ENCOURAGED TO COMPLETE AN UNDERGRADUATE STUDY IN A TIMELY BASIS.
For all new borrowers who will be receiving a student loan on or after July 1, 2013, a 150% limitation is In effect. This means that a student who is eligible for a subsidized loan will reach their subsidized limit at 150% of a program’s length of study.
Once a student reaches their 150% limitations, their interest subsidy loan limit will end on all outstanding loans that were disbursed after July 1, 2013, and the interest will begin to accrue.
I have read the 150% Time Limitation for Subsidized Loan.
You will be asked to initial and/or acknowledge that you read on the Student Loan Electronic Request form online (Step 6).
Set up Payment Plan: Financial Aid recipients are required to set up a payment plan. Otherwise, students risk being dis-enrolled or assessed late fees. Reminder email(s) “Fees Due Soon” with instructions will be sent from the GBC Controller’s Office.
Late Applicants: Important
If you applied late, you will need to sign up for a Payment Plan at the MyGBC Student Self Service Center to help avoid late fees and prevent dis-enrollment. Very late applicants for financial aid may incur some late charges before processing is complete.
If you are a late applicant who is counting on a student loan to finance your education. If this is the case, you will incur a personal financial obligation by enrolling in college.
Except delays if you are:
Progress Reports will be required for 10-day and 30-day delays.
Enroll in a minimum of six (6) eligible credits at: MyGBC Student Self Service Center.
*Contact the Admissions for dates at (775-753-2102)
Deadline to apply for a student loan is: May 1, 2021 for the 2020-2021 academic year.
First-time student, first-time student loan borrower. There will be a 30 day delay if applicable.
Gather the following information:
Make sure you notify your references that they will be called for authentication by the financial aid office. References are not responsible for your student loan debt.
Reference 1: Mother/Father/Guardian
Reference 2: Sibling (over the age of 21). Must have a different address than student and parent.
Reference 3: Aunt, Uncle, Cousin, Step-parent, or Grandparent.
Friends, boyfriends, or significant others etc. are unreliable references.
Sign In: https://studentaid.gov/app/counselingInstructions.action
?counselingType=entrance to complete the Entrance Counseling and a Master Promissory Note (MPN). This is a federal requirement.
Students must have a FSA ID Username and Password to access this website. Use the same FSA ID used to electronically the FAFSA.
Forgot FSA ID? Go to https://fsaid.ed.gov/npas/index.htm
The Entrance Counseling and MPN will be electronically sent from the Department of Education to GBC within 72 hours after completion.
SUBMIT REQUEST FOR A FEDERAL STUDENT LOAN.
Please note: If you start the Student Loan request online, and you don’t have the required information (i.e. references). You cannot save. You will have to start all over again.
Deadline for applying for student loans for the 2020-2021 academic year is: May 1, 2021.
After submission, your request will be electronically sent to the financial aid office for processing.
Incomplete Student Loan Request will not be processed.
Please allow 4 to 7 business days after submission to the GBC Elko Financial Aid Office to process your request.
However, during peak times of the year (August and January), this process can take up to 10 days.
Checklist:
You will be receive an email from the GBC Elko Financial Aid Office loan officer informing you that your Student Loan Offer has been posted to accept.
View and Accept your Student Loan Offer at: MyGBC Student Self Service Center.
Reminder:
After you have received the refund and decided you don’t want the loan, then GBC SFSO will not honor your request.
Student Loan debt never goes away unless you repay!
Submit Progress Reports
Every instructor gives a syllabus at the beginning of each semester with their contact information that will include their email addresses.
Students must email each one of their instructors requesting a progress report to be sent directly to the financial aid office. The progress reports must come directly from each instructor’s email account to the GBC Financial Aid Office at financial-aid@gbcnv.edu. No exceptions.
Students must be participating and making Federal Satisfactory Academic Progress (SAP) in ALL classes before Pell and/or student loan(s) will be disbursed to the student’s account.
Progress Reports will be required before funds can be disbursed if a student is:
Department of Education Policy:
"Modify your disbursement rules for students participating exclusively in distance learning programs. Delay disbursement of Title IV funds until the student has participated in the distance education program for a longer and more substantiated period time (e.g., until an exam has been given, completed, and graded or paper has been submitted)"
Students whose financial aid applications are not complete prior to mid-term of any semester during an academic year will be required to submit a Progress Report with evidence of *satisfactory performance prior to the disbursal of any funding.
Student Financial Services
Berg Hall
Great Basin College
Phone: 775-753-2399
Email:
financial-aid@gbcnv.edu
Great Basin College wants to be your choice for higher education. GBC offers associate and baccalaureate level instruction in career and technical education and academic areas. About 4,000 students are enrolled annually online from across the country and on campuses and centers across 86,500 square miles, two time zones, and ten of Nevada’s largest counties. We border Arizona, Oregon, Idaho, Utah, and California. We are GBC!
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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