Federal Student Loans
Loans are a type of financial aid that must be repaid. If听other sources of financial aid are not sufficient to cover the costs of attending 黑料正能量, you may need to consider loans as an alternative. Please review the information provided below to see the different types of loans available.
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Free Student Loan Counseling
黑料正能量 partnered with ECMC Solutions to provide student loan counseling and support to borrowers as they navigate federal student loan repayment.听
Contact ECMC Solutions by phone at 1-877-331-3262, or to , connect through email, or web chat with a student loan counselor. The team at ECMC also offers a to support borrowers as they navigate repayment.
- Federal Student Loan FAQ
- Federal Student Loan Limits
- Requesting a Federal Student Loan
- Federal Parent Loans
- Alternative Loans
- Monitoring Your Federal Student Loan Debt
There are two types of Direct Stafford Federal听student loans. The subsidized and unsubsidized loans may be available to students after completing the Free Application for Federal Student Aid (FAFSA).听
| 听 | Subsidized Loan | Unsubsidized Loan |
| Who is eligible? | Students in an eligible degree or certificate program who demonstrates financial need. | Students in an eligible degree or certificate program. |
| What is the interest rate? | Current rates can be found here. | |
| Who pays interest? | The government pays your loan interest as long as you are enrolled in at least 6 units, during periods of deferment, and in some cases, for six months after you graduate (grace period) or drop your enrollment below 6 units. You are responsible for interest in at all other times. | You are responsible for all interest accrued upon disbursement of the loan. |
| How many units must I be enrolled to qualify for this loan? | You must be enrolled in at least 6 units to receive this loan for the semester. | You must be enrolled in at least 6 units to receive this loan for the semester. |
| Is there a fee to receive this loan? | ||
| When do I begin repaying my loan? | Six months after you graduate (grace period) or drop below 6 credit hours. | Six months after you graduate (grace period) or drop below 6 credit hours |
| Can my loan be canceled, forgiven or discharged? |
| Academic Level | Dependent Student | Independent Student |
| Freshman (0-30 units completed) | $5,500 (no more than $3,500 may be in a subsidized loan) | $9,500 (no more than $3,500 may be in a subsidized loan) |
| Sophomore (30.5+ units completed) | $6,500 (no more than $4,500 may be in a subsided loan) | $10,500 (no more than $4,500 may be in a subsidized loan) |
| Maximum total debt | $31,000 (no more than $23,000 may be in subsidized loans) | $57,000 (no more than $23,000 of this amount may be in subsidized loans) |
All loan borrowers, regardless of whether a loan was processed in prior years, are required to complete Steps 1-3.
Step 1:
Students must sign in using their U.S. Department of Education FSA User ID to complete this step.
Read the information provided and answer the questions on each page. You must correctly answer the quiz questions at the bottom of each page to complete counseling successfully.
Step 2:
Follow the directions carefully and submit the electronic signature through the federal website as your promise to repay the loan.
Step 3: Submit a loan request via by selecting "My Financial Aid Status" then "Request a New Loan".
Once you submit the Loan Request electronically, you will need to complete the Additional Loan Info form that will be requests under "Complete required documents". Submit the information requested in the Additional Loan Info form and steps 1-3 above.
After Submitting a Federal Student Loan
- Direct Loan applications take an average of 3-4 weeks for processing.
- The Financial Aid Office will review all applications for completeness. Incomplete applications will not be processed and will be returned to the student.
- Completed applications will be processed and a determination of loan eligibility will be made.
- Submission of a loan application does not guarantee eligibility.
- Students can use MyMendo to check their Direct Loan Application status.
Parent PLUS Loan: May be an option for parents of undergraduate students to help pay for educational expenses. A parent of a dependent student may be eligible to borrow a Parent PLUS Loan as long as the student is pursuing an eligible degree or certificate, is enrolled in at least 6 units and meets financial aid satisfactory academic progress requirements. This loan is contingent on credit worthiness.
To pursue this option, go to . From the home page, click on the "Sign In" button located in the "Manage My Direct Loans" box. The Sign In page will appear. Once signed in, click on the "Direct PLUS Loan Requests" option located under the "My Loan Documents" heading on the left menu bar. The "Direct PLUS Loan Requests" page will appear. Please contact the Financial Aid Office once you have completed this process.
Private Education Loans: These loans may be borrowed from a bank or credit union. The lending institution sets the terms of the loan if approved. Once you are approved for the loan, the 黑料正能量 Financial Aid Office will be required to confirm borrower eligibility. If the Financial Aid Office confirms eligibility, the loan amount cannot exceed a student's cost of attendance at 黑料正能量. Please contact the Financial Aid Office for more information on these type of loans.
It is your responsibility to monitor your Direct Stafford Federal loan debt. If you reach your maximum loan debt amount or the annual loan limit, you will not be eligible to receive any additional Federal Stafford loans. If the Financial Aid Office at 黑料正能量 determines at any time that you have exceeded your annual or maximum loan debt amounts, you awards may be reduced or canceled. An example when this may occur is if you reached your annual and/or maximum loan debt limits at another institution and then request a loan at 黑料正能量.
To monitor your annual and aggregate Direct Stafford Federal loan amounts, please visit . There you will find a list of all the loans you have borrowed and which servicer is maintaining your loan.
Before borrowing, remember that loans must be repaid. Use an online to investigate how much your monthly payment may be before you decide to borrow loans.