LCC's Financial Aid Office can assist you with:
- Federally-subsidized student loans that are need-based
- Unsubsidized student loans that are not need-based
Loans require the FAFSA. Apply for a loan only as a last resort, you will have to repay it.
What's the difference?
Federally-subsidized student loans that are need-based
The government pays the interest on a subsidized loan while you are in school.
Unsubsidized student loans that are not need-based
The unsubsidized loan accrues interest while you are in school.
Interest rates for both types of loans are the same. Check with the Financial Aid Office to find out the current interest rate.
Both types loans require you to begin making payments six months after you stop attending school.