Financial Aid Handbook and Student Aid Guide

Federal Direct Loans

Federal Direct Loans are either Stafford Subsidized or Unsubsidized.

Subsidized Loan

This loan is based on financial need for which the federal government pays the interest that accrues while the borrower is in school, grace or deferment status.  New borrowers are subject to limitations on the amount of subsidized loans received.  Please be sure to read about the limit on the amount of subsidized loans. It is important for all students.

Note: You are granted eligibility up to 150% of the maximum credits required for the degree being sought.

Unsubsidized Loan

This is a loan where the borrower is fully responsible for the paying of the interest regardless of loan status. Interest accumulates from the date of disbursement. UCC does not offer this loan at the time of the initial offer. Students have to apply for it. The Loan Request & Revision Form located with the Financial Aid Forms and Publication.

Students must be enrolled at least half-time (6cr) in an eligible program to qualify for student loans.

First time federal student loan borrowers must complete the following requirements: Entrance Counseling and Master Promissory Note (MPN). There is a 30 day delay for first time federal student loan borrowers after the term begins. 

In compliance with federal regulations, loans will be prorated for students attending less than 3 terms.