Cloud CountyWilliam D. Ford Federal Direct Loan Program
Students must be enrolled in and attending at least 6 credit hours/semester to be eligible for Federal Direct Loans.
òòò½ÎÑÊÓƵ does not participate in alternative loan programs such as Sallie Mae or personal bank loans.
CCCC requires the student to complete a before originating all loans. and aare required under federal regulations before schools can disburse any loan funds.
The Department of Education recommends students complete the each year the student requests/accepts a new federal student loan. The goal is to help the student understand their current loan balance(s) and how they can affect their financial future.
is also required when a student borrower ceases at least half-time enrollment (6 credit hours) at CCCC. This includes graduates and transfer students. Exit Counseling should be completed at each institution that you attend. Exit Counseling can assist you in making arrangements with your assigned Loan Servicer.
Subsidized vs. Unsubsidized Loans
Direct Subsidized Loans Direct Unsubsidized LoansSubsidized & Unsubsidized Loan Limits: Direct Student Loans
All students can borrow up to their Max Annual Limit. Subsidized Loan eligibility will be assessed prior to Unsubsidized Loan eligibility. Borrowers not eligible for Subsidized Loans can receive up to their Max Annual Limit as an Unsubsidized Loan. The current Direct Student Loan interest rate is 6.533%.
Credits Hours Earned |
Dependent Student Subsidized + Unsubsidized |
Independent Student Subsidized + Unsubsidized |
|
First Year (Freshman) |
0-29 |
$3,500 + $2,000 = Max Annual Limit $5,500 |
$3,500 + $6,000 = Max Annual Limit $9,500 |
Second Year (Sophomore) |
30+ |
$4,500 + $2,000 = Max Annual Limit $6,500 |
$4,500 + $6,000 = Max Annual Limit $10,500 |
Aggregate Loan Limits |
|
|
Student Type |
Total Aggregate Limit |
Maximum Subsidized Limit Within the Aggregate |
Dependent Student |
$31,000 |
$23,000 |
Dependent Student whose parent is ineligible for PLUS |
$57,500 |
$23,000 |
Independent Undergraduate Student |
$57,500 |
$23,000 |
These amounts are based on full time enrollment status (minimum 12 credit hours per semester) and the total amount of federal aid may not exceed the school’s Cost of Attendance. The maximum annual loan limit that an undergraduate student may receive must be prorated when the borrower is enrolled in a program that is one academic year or more in length, but is in a remaining period of study that is shorter than a full academic year.
The Federal Student Aid website has tools including a that can assist you in calculating what loan repayment may look like for you.
Direct PLUS Loans
Parents of dependent undergraduate students can apply for funds to help with education-related expenses; Financial need is not required; Credit check will be performed; Borrower is responsible for all interest. application is required to be completed as well as a complete FAFSA. The current Parent PLUS Loan interest rate is 9.083% for loans disbursed after July 1, 2024.
If a Dependent Parent's PLUS Loan application is denied, the Dependent Student may be eligible to receive additional Direct Loans. Please contact the CCCC Financial Aid office for assistance.
Preparatory Coursework
Preparatory Coursework loans allow a student to attend CCCC and receive a Direct Loan for a maximum of one consecutive 12-month period to take pre-arranged program coursework required to gain admission to a program at another institution.
ATTENTION CLOUD COUNTY COMMUNITY COLLEGE FEDERAL STUDENT LOAN BORROWERS: is a company that works with òòò½ÎÑÊÓƵ to assist borrowers with loan repayment and avoid Delinquent or Default status with their Federal Student Loans. CCCC's current Cohort Default Rate is 0% (percentage of students who borrowed loans while at CCCC during a specific three-year period). All schools currently have a 0% Default Rate due to the Repayment Pause that was in effect from March 2020 to October 2023 and a no-repercussions period that was in effect until October 2024.Inceptia is NOT a collection agency. They can help you get in contact with your loan servicer, provide advice on repayment plans that are the best fit for you, and resolve Delinquent or Default statuses.
For additional resources including information on repayment options, please visit Inceptia's Student Loan Knowledge HQ website at .
