Discover the ins and outs of student loans.

威廉D号. Ford 联邦直接斯塔福德贷款 is a loan for students made through the U.S. 教育部. Direct 贷款 are either subsidized or unsubsidized.

• A 补贴贷款 is awarded on the basis of financial need. If you qualify for a 补贴贷款, the federal government pays interest on the loan until you begin repayment.
• An 未受资助的贷款 is not awarded on the basis of need. If you qualify for an 未受资助的贷款, you’ll be charged interest from the time the loan is disbursed until it is paid in full. You can choose to pay the interest or allow it to accumulate. If you allow the interest to accumulate, it will be capitalized – meaning, the interest will be added to the principal amount of your loan and will increase the amount you have to repay. If you pay the interest as it accumulates, you’ll repay less in the long run.

If you’re receiving Federal Title IV 金融援助, you may attempt up to a maximum of 150% of the credits necessary to complete your degree/certificate program. 例如, for a program requiring 64 credits for graduation, you may attempt up to 96 credit hours. When your attempted hours are equal to or exceed 150% of the credits required for the degree/certificate, you’re no longer eligible for Federal Title IV 金融援助.

了解更多关于 the time limit on how long you can receive loans on the 教育部's 联邦学生援助网站.

If you’re enrolled at least on a half-time basis, 六个或更多学时, and if you’re a dependent undergraduate student, 你最多可以借:

• $5,500 if you’re a first-year student (0 – 23 credits earned)
• $6,500 if you’re a second year student (24+ credits earned)

If you’re enrolled at least on a half-time basis, 六个或更多学时 AND you are an independent undergraduate student or a dependent student whose parents are unable to qualify for a PLUS loan, you can take out an additional $4,000 未受资助的贷款 annually.

注意: The amounts above are the maximum yearly amounts you can borrow in both subsidized and unsubsidized Direct 贷款. 然而, you cannot borrow more than your cost of attendance minus any other financial aid for which you're eligible. This means that you may receive less than the annual maximum amounts.

The total debt you can have outstanding from all Direct 贷款 and Federal Family Education 贷款 combined is:

• $31,000 as a dependent undergraduate student (no more than $23,000 of this amount may be in 补贴贷款s)
• $57,500 as an independent undergraduate student (no more than $23,000 of this amount may be in 补贴贷款s)

访问 the 联邦学生援助网站 to learn about how interest is calculated and what fees are associated with your federal student loan 还有一个1.0% fee that will be deducted from each disbursement of your loan.

To apply for a Federal Direct Student Loan, you must first file a Free Application for Federal Student 援助 (FAFSA). All students will be packaged with the maximum subsidized and 未受资助的贷款s that they are eligible for.

If you’re taking out a Federal Direct Student Loan at MCC for the first time, you’re required to complete Loan Entrance Counseling, which explains the obligations you agree to meet as a condition of receiving a Direct Loan. You’ll learn about managing your spending, making a repayment plan and other important topics.

Once the Loan Entrance Counseling session is completed, our 金融援助 Office will receive an electronic confirmation. You should print the confirmation form at the end and keep it for your records. If you do not complete the Loan Entrance Counseling session, you will NOT receive your Direct 贷款.

也, if you’re taking out a Federal Direct Student Loan for the first time, you’re required to sign a Master Promissory Note (MPN). By signing the MPN, you agree to the terms and conditions of the loan. Signing the MPN is done electronically using your FSA ID. Our 金融援助 Office will notify you if you need to sign a MPN.

Complete the Loan Entrance Counseling and sign your Master Promissory Note at the 联邦学生援助网站.

美国.S. 教育部 will pay your student loan funds through MCC. Your loans will be disbursed in two equal installments, one approximately 30 days after the first day of classes AND once your attendance has been reported for those classes.

The second disbursement will be at the midpoint of the semester, as long as you are attending classes. 如果你是一年级学生, 借款人首次, your first disbursement will be delayed until 30 days after the start of the loan period.

Your loan money must first be applied to your school account to pay for tuition, 学费及其他学校收费. 如果贷款还在, you can receive the funds directly in your bank account by signing up for E-Refunds through the Student Accounts Office. If you do not sign up for E-Refunds you'll receive a paper check in the mail, but please note the paper process takes much longer than E-Refunds.

毕业后, 离开学校, or drop below half-time enrollment, you have six months before you begin repayment of your federal student loans. 这被称为宽限期. After you 离开学校 or drop below half-time enrollment, you will receive information about repayment and will be notified of the date repayment begins. 然而, you are responsible for beginning repayment on time, even if you do not receive this information.

Learn more about understanding student loan repayment through the 联邦学生援助网站. 除了, the repayment plans are further explained during your online entrance and exit counseling sessions.

For more information on the Federal Direct Student Loan program, visit the 联邦学生援助网站.

Families who need additional money to pay for an MCC education may apply for the Federal Direct PLUS program, 通过威廉·D. Ford Federal Direct Student Loan Program. This loan allows parents to borrow money from the U.S. 教育部 to help pay for their child's educational expenses.

父母 of dependent students enrolled at least on a half-time basis, 六个或更多学时, can apply for a Federal PLUS loan through the Federal Direct Loan Program. Parent borrowers must have good credit histories or an endorser: someone willing to repay the loan if the parent borrower fails to do so.

The yearly limit on a PLUS loan is equal to the student's cost of attendance minus other financial aid received. The interest rate is set by the government each year. Borrowers are notified of interest rate changes each year on July 1. There is up to a 4% fee charged by the government for processing the loan. This fee is deducted from each disbursement of the loan.

PLUS funds are disbursed to the school in two equal installments, one at the beginning of the loan period and one at the midpoint of the loan period. The funds are first used to pay school charges and any remaining funds are refunded to either the parent or the student, based on an authorization completed by the parent.

Repayment of PLUS loans begins 60 days after the loan is fully disbursed. There are three different repayment plans: standard, extended or graduated. More information on these plans will be sent to parent applicants.

To apply for a PLUS loan, parents must go to the 联邦学生援助网站. Once there, a parent will need to sign in using his or her FSA ID. Once signed in, the parent will then select “Start PLUS Application Process.”

For more information on parent loans, check out the 联邦学生援助网站.