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Loan Information

STUDENT LOANS

Federal Direct Stafford Loan (subsidized):  This is a need-based program. For 2016-17 it has a 3.76 % interest rate.  Repayment on this loan begins 6 months after a student either graduates, stops attending or drops below half time enrollment.  The interest is subsidized by the federal government while a student is enrolled at least half time and until repayment begins.  If a student is offered a subsidized loan, additional steps are required before it is disbursed.  The student must be enrolled at least half time in order to qualify.  The award amount varies based on a student's eligibility.

 

Federal Direct Stafford Loan (unsubsidized):  This is NOT a need-based program.  For 2016-17 it has a 3.76% interest rate. The interest on an unsubsidized loan is NOT subsidized by the federal government.  Interest accrues on this loan and a student is billed for the accruing interest.  If a student is offered an unsubsidized loan, additional steps are required before it is disbursed.  The student must be enrolled at least half time in order to qualify.  The award amount varies based on a student's eligibility.

For more information on the Direct Loan Program please click here: Federal Direct Stafford Loans

*NOTE that if you are a first time borrower and a first time freshman, you will have a 30 day delay on your loan(s).

Additional information on Student Loans at CCC can be found by clicking the following:

 

 

 

 

 

 

 

 

 

 

 

 

Last Updated: 
October 17, 2016, 10:47 am
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