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Student Loans

Direct Student Loans

Student loans can be either subsidized or unsubsidized. Subsidized loan eligibility is determined based on need and FAFSA information. The federal government pays the interest on a subsidized loan while a student is enrolled at least halftime (6 or more credit hours) or during a grace period. Unsubsidized loans are not based on need and interest is building immediately.

A student loan cannot exceed the cost of attendance or the established borrowing limits. Please view the Direct Student loan affirmation form for these limits.

There is an origination fee on each student loan. The current fee is 1.059% (subject to change) and it is deducted from each disbursement. The origination fee and current interest rate are provided in a disclosure statement each borrower receives after the first loan disbursement. 

To be eligible to borrow a Direct Student Loan you MUST meet all of the following:

  • Be enrolled at least halftime (6 or more credit hours each semester).
  • Must be meeting SAP requirements
  • Not be in default on other student loans
  • Completed FAFSA on file

To confirm acceptance of a student loan please do the following:

  • Complete the Loan Confirmation Form, found in your my.tctc.edu student portal - My Financial Aid tile.
  • Complete Entrance Counseling online at: https://studentaid.gov under “Complete Aid Process- Complete Entrance Counseling”.
  • Complete a Master Promissory Note online at: https://studentaid.gov under “Complete Aid Process- MPN for Undergraduates”.