Loan Information
Federal Stafford Student Loan Program
Loans are available to students who have applied for Federal Student Aid and who show financial need as indicated on the student’s Student Aid Report (SAR). To apply, complete the Federal Stafford Loan application form in the Financial Aid Office or research your lender of choice on the internet and submit your master promissory note (MPN) online. If you submit your MPN online, you still have to come by the Financial Aid Office and complete your loan request form. It is critical that if you apply for a Stafford student loan online, you need to provide the Financial Aid Office with the lender information; otherwise, we will not be aware of your application.
There are two types of Federal Stafford loans:
Subsidized Stafford Loan
- Eligibility is based upon unmet need.
- Interest does not begin accrual until the student graduates or withdraws from school.
- Freshman students $2,625 maximum
- Sophomore students (32 or more completed credit hours) - $3,500
Unsubsidized Stafford Loan
- Unsubsidized Staff Loans are available to all students, regardless of family income.
- Eligible students can borrow up to the required estimated cost of attendance for enrollment up to a maximum loan amount of $4,000.
Entrance Counseling for New Borrowers
If you are choosing to accept a Federal Subsidized or Unsubsidized Stafford Loan and you have never had one of these types of loans at this institution before, you must complete Entrance Counseling. You can complete this requirement on the web at www.mappingyourfuture.org do your entrance counseling with a counselor in the Financial Aid Office. This must be done prior to the first disbursement of your loan.
Exit Counseling for All Borrowers
If you have borrowed Federal Subsidized or Unsubsidized Stafford Loans while attending CCC&TI, you must complete Exit Counseling. You can complete this requirement on the web at www.mappingyourfuture.org/ or do your exit counseling with a counselor in the Financial Aid Office.
