CCC Financial Aid

Subsidized Loan
A federal loan program with interest and repayment deferred until student leaves school. Interest is capped at 8.25%. Student must demonstrate need. You can borrow up to $3,500 for freshman and $4,500 for sophomore students. You must be enrolled in at least 6 credits.

Unsubsidized Loan
A non-need based federal loan program with principle repayment deferred until student leaves school. Interest is capped at 8.25%, and must be paid while student is attending school, or added into a loan amount. Independent students can borrow up to $4,000, depending on the cost of your education. You must be enrolled in at least 6 credits.

PLUS Loan
A non-need based federal loan program for parents of undergraduate dependent students. Repayment begins within 60 days of receipt of funds. Interest is capped at 9.00%. Parent must pass a credit check. The amount us up to the cost of education minus any other funding. Student must be enrolled in at least 6 credits.

The interest rate on direct loans is fixed at 6.80%.

Loans
Subsidized Loan A federal loan program with interest and repayment deferred until student leaves school. Interest is capped at 8.25%. Student must demonstrate need. You can borrow up to $3,500 for freshman and $4,500 for sophomore students. You must be enrolled in at least 6 credits. Unsubsidized Loan A non-need based federal loan program with principle repayment deferred until student leaves school. Interest is capped at 8.25%, and must be paid while student is attending school, or added into a loan amount. Independent students can borrow up to $4,000, depending on the cost of your education. You must be enrolled in at least 6 credits. PLUS Loan A non-need based federal loan program for parents of undergraduate dependent students. Repayment begins within 60 days of receipt of funds. Interest is capped at 9.00%. Parent must pass a credit check. The amount us up to the cost of education minus any other funding. Student must be enrolled in at least 6 credits. The interest rate on direct loans is fixed at 6.80%.
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