Student Loan Information

First Year (0 to 45 college-level credits earned): $5,500 (no more than $3,500 of this amount may be in subsidized loans) 

Second Year (46 or more college-level credits earned): $6,500 (no more than $4,500 of this amount may be in subsidized loans) 

Third or higher year (only for BAS students with 91 or more college-level credits earned): $7,500 (no more than $5,500 of this amount may be in subsidized loans)

First Year (0 to 45 college-level credits earned): $9,500 (no more than $3,500 of this amount may be in subsidized loans) 

Second Year (46 or more college-level credits earned): $10,500 (no more than $4,500 of this amount may be in subsidized loans) 

Third or higher year (only for BAS students with 91 or more college-level credits earned): $12,500 (no more than $5,500 of this amount may be in subsidized loans)

There are aggregate federal loan limits. Students who qualify may borrow up to the following amounts to complete an undergraduate degree: 

• Dependent Students – up to $31,000 of which only $23,000 can be subsidized;
• Independent Student – up to $57,500 of which only $23,000 can be subsidized. 

NOTE: First-time borrowers must wait 30 days from the first day of the quarter before receiving their first loan. Plan accordingly! 

NOTE: Single-quarter borrowers will receive half of their disbursement on the first day (or 30th day if also first-time borrower) of the quarter and the second half on the 50% point of the quarter.

NOTE: Loans must be paid back with interest!

View these screenshots showing how to accept or decline loans in ctcLink.

• Not necessarily. The financial aid award shows a preliminary amount that once accepted, then goes through an approval process. There are numerous reasons the DOE can reject a loan or its amount.
• It is best to set up a payment plan for tuition while you are waiting to hear back from the approval so that you do not end up being dropped for non-payment in the case that it is not approved.
  • Please see the Payment Plan webpage for additional information and instructions on how to set up the payment plan.

• Once students loans are accepted and the above steps are completed, the final review can begin through the DOE (Department of Education). Disbursement of loans can take 2-3 weeks after the steps are completed and everything is reviewed. Potential delays are possible.
• The DOE requires that all first time borrowers are subject to a 30-day delay on loan disbursements. All one quarter loans are also required by the DOE to be disbursed in two installments with the second installment at the mid-quarter point of the quarter.

• Direct Subsidized Loans: Direct Subsidized Loans are available to undergraduate students with financial need. The U.S. Department of Education pays the interest on a Direct Subsidized Loan
  • while you’re in school at least half-time,
  • for the first six months after you leave school (referred to as a grace period*), and
  • during a period of deferment (a postponement of loan payments).
  • View more information on the Student Aid website.
• Direct Unsubsidized Loans: The student is responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan). View more information on the Student Aid website.
• Parent Plus Loans: 
  • Refer to the Financial Aid Handbook for additional details.

View the additional Student Loan forms on the Handbook & Forms page.