Direct Loans-Direct loans are low interest loans for students from the U.S. Department of Education. Subsidized loans are for students who have a demonstrated financial need as determined by federal regulation. No interest is charged to a student who is registered for at least half time, and during grace or deferment periods. Unsubsidized loans ae not based on financial need and interest is charged from the onset of the loan and continues even during the time student is enrolled and during grace or deferment periods.
To apply for Direct Loan at CVCC, students must complete FAFSA online at www.fafsa.ed.gov with CVCC federal school code 012182; complete online Entrance Counseling at www.studentloans.gov; and complete Master Promissory Note (MPN) online at www.studentloans.gov. Students are sent loan offer letters after the FAFSA has been processed and received.
Subsidized loan limit for freshman is $3500 and sophomore is $4500 annually; unsubsidized loan limit for dependent student is $2000 and independent is $6000 annually. Per federal guidelines students are not allowed to borrow more than their Cost of Attendance.
Borrowers may choose from several types of repayment plans. With Direct Loans you borrow directly from the federal government and have a single contact–Direct Loan Servicing Center (www.studentloans.gov) –for everything related to the repayment of your loans, even if you had Direct Loans at other schools.
When a student has graduated or stopped attending at least half time, the student is required to complete the Loan Exit Counseling online at www.studentloans.gov.
Complete the FAFSA online at www.fafsa.gov with CVCC federal school code 012182To apply for Direct Loans at Chattahoochee Valley Community College, students must:
- Complete Offer Letter and submit to Financial Aid Office
- Complete online Entrance Counseling at www.studentloans.gov
- Complete Master Promissory Note (MPN) at www.studentloans.gov
- Financial Awareness Counseling (www.studentloans.gov) must be completed by students who request loans again for the next academic year.
For more detailed information contact the Financial Aid Office in Wilson Hall.
Federal Direct PLUS Loan-Federal Direct PLUS Loan is a parent loan for dependent students who need additional funding. Per federal guidelines a student or parent loan cannot exceed the student’s Cost of Attendance.
Military & Veterans
Please visit our special Military & Veteran’s pages here.
Prepaid Affordable College Tuition (PACT)
Prepaid Affordable College Tuition (PACT) is a pre-paid college tuition program administered by the State of Alabama Treasurer’s office. Students who have PACT must inform the Business Office in Wallace Hall before registering for classes. http://www.treasury.alabama.gov/pact/index.html
WIA/TRA-Student must contact the Career Center located in Brassell hall to determine if he/she qualifies for one of these programs.
Private Loans-Private loans can be obtained through private lenders. Student must contact their lender for application and terms of private loans.
Outside agency scholarships-Student who have been awarded a scholarship from an agency or organization outside the college should contact the business office for more information to use that scholarship at CVCC.