This loan is guaranteed by the federal government. You are eligible for this loan if you are enrolled at least half-time in a degree seeking program, are not in default on a federal loan or owe a repayment on a federal grant, and meet all other eligibility criteria. There are two types of the Federal Direct Loan; Subsidized and Unsubsidized.
Information regarding interest rate, consolidation and other specific loan information can be found by clicking on the following link.
NOTICE: There is a limit to the total amount of Federal Direct Subsidized student loans that you may receive. Please visit http://studentaid.ed.gov/types/loans/subsidized-unsubsidized#is-there-a-time-limit for more information.
Subsidized Stafford Loans are based on financial need as determined by the Free Application for Federal Student Aid. The government pays the interest on Subsidized loans for you as long as you remain enrolled at least half-time in a degree seeking program. The amount you can borrow during each academic year is based on your grade level.
Unsubsidized Direct Loans are not based on financial need. You are responsible for the interest while you are in school. You can either pay the interest quarterly or have it accrue and added to the loan principle.
If a dependent student is enrolled in at least 6 credit hours, their parent can apply for a PLUS loan to help students pay for college. PLUS loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school.
PLUS loans can help pay for education expenses not covered by other financial aid.
Loan Entrance Counseling
If this is the first time you are receiving a federal student loan you must complete a Loan Entrance Counseling session before you can receive disbursements on your student loan.
Loan Exit Counseling
You must complete a Loan Exit Counseling session when you leave Hutchinson Community College.
Complete the Loan Exit Counseling
Supplemental Exit Interview Information can be found on the link to the right