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Tri-County Technical College

Tri-County has revised its packaging, notification and required documents policy and procedure for awarding Direct Stafford loans. The "Direct Loan Affirmation" link will be included in every award letter. Students will return the loan affirmation to the Financial Aid office as acceptance of a Direct Stafford loan.

Subsidized Loans

  • Need-based loan disbursed by Tri-County Tech through funding from the US Department of Education. Based on need from the FAFSA.

  • Interest on the loan is paid by the federal government while student is in school at least half-time (at least 6 credit hours) or during your grace period.

 Unsubsidized Loans

  • Not based on financial need.

  • Interest on the loan begins building immediately. The federal government does not pay the interest on this loan. Student has the option of paying the interest monthly instead of letting it build.

*Current interest rate for subsidized and unsubsidized loans is 4.53% (subject to change).

Borrowing Limits

Loan Limits Dependent Independent

First-Year (Freshman)

Subsidized=$3,500

Unsubsidized=$2,000

Subsidized=$3,500

Unsubsidized=$6,000

Second-Year (Sophomore)

Subsidized=$4,500

Unsubsidized=$2,000

Subsidized=$4,500

Unsubsidized=$6,000

  • No loan can exceed the cost of attendance less the expected family contribution and other financial aid awards. 

  • Annual award amounts are cumulative, regardless if student attends one or multiple institutions. 

Origination Fees & Interest Rates

  • There is an origination fee on each subsidized or unsubsidized loan. The fee is 1.059% for a loan first disbursed on of after 10/1/2019 and before 10/1/2020. The fee is deducted from each disbursement.

  • The interest rate and loan fee are listed on the disclosure statement student's receive after the first disbursement. Please note that the interest and fee rate is subject to change.

 How to Apply

  • In order to receive a loan, you MUST meet all of the following requirements:

  • To apply

    • Complete the FAFSA.

    • If selected, all verification requests must be satisfied.

    • Once you receive your award letter, confirm your acceptance for loans by completing the loan affirmation form and submitting it to TC Central.

    • Students must complete Entrance Counseling and the Master Promissory Note at Studentaid.gov. To complete this step sign in to https://studentaid.gov with your FSA ID.