… meet eligibility standards to work within the LACCD. Check with your college's Financial Aid Office. … Student Loans (Aid that you must pay back) … A caution about student loans – It takes time for a loan application to be processed by the school, … in PLUS loans. Contact your Financial Aid Office to learn about loan programs that are offered at your college and learn details about interest rates, fees, repayment terms, etc. Master Promissory Notes Before you receive a Federal Direct Loan, … your award will be held in reserve for up to three years until you transfer to a bachelor’s degree program. Cal Grant B Provides subsistence payments for new recipients in the amount of $1,648 for a full-time, full year award. Payments are …