Discover the ins and outs of student loans.
Even though Monroe Community College offers an affordable education, you may need to apply for a loan to help pay for your tuition, books, food and other necessities. 有几个贷款项目，可以帮助资助你所有的教育需求.
Before you apply for a loan, 重要的是要知道贷款是需要偿还的，你也会对你借的钱收取利息.
MCC recommends a Direct Loan from the federal government, which offers low interest rates to students and their families.
MCC federal school code: 002872
MCC TAP school code: 2180
First time applying for a loan?
- You’ll need to complete a Loan Entrance Counseling session, which is required by the Department of Education.
- MCC also offers information on financial literacy，所以你可以聪明地借贷和偿还学生贷款.
Federal Direct Stafford Loan
The William D. 福特联邦直接斯塔福德贷款(Ford Federal Direct Stafford Loan)是一项针对学生的贷款.S. Department of Education. Direct Loans are either subsidized or unsubsidized.
- A subsidized loan is awarded on the basis of financial need. If you qualify for a subsidized loan, 联邦政府支付贷款利息，直到你开始偿还.
- An unsubsidized loan is not awarded on the basis of need. If you qualify for an unsubsidized loan, 从贷款发放到全部还清，你将被收取利息. You can choose to pay the interest or allow it to accumulate. If you allow the interest to accumulate, it will be capitalized – meaning, 利息将加到你的贷款本金中，增加你必须偿还的金额. 如果你按期支付利息，从长远来看你会少还一些.
If you’re receiving Federal Title IV Financial Aid, 你可以尝试最多150%的必要学分来完成你的学位/证书课程. For example, for a program requiring 64 credits for graduation, you may attempt up to 96 credit hours. 当你的尝试时数等于或超过学位/证书所需学分的150%时, you’re no longer eligible for Federal Title IV Financial Aid.
Find more information about the time limit on how long you can receive loans on the Department of Education's Federal Student Aid website.
If you’re enrolled at least on a half-time basis, six or more credit hours, and if you’re a dependent undergraduate student, you can borrow up to:
- $5,500 if you’re a first-year student (0 – 23 credits earned)
- $6,500 if you’re a second year student (24+ credits earned)
If you’re enrolled at least on a half-time basis, 6个或更多学分，并且你是一名独立的本科生或父母无法获得PLUS贷款资格的受抚养学生, you can take out an additional $4,000 unsubsidized loan annually.
NOTE: 以上金额是你可以在补贴和非补贴直接贷款中借入的最高年度金额. However, 你的贷款不能超过你的学费减去你有资格获得的任何其他经济援助. This means that you may receive less than the annual maximum amounts.
您可以从所有直接贷款和联邦家庭教育贷款中获得的未偿债务总额为:
- $31,000 as a dependent undergraduate student (no more than $23,000 of this amount may be in subsidized loans)
- $57,500 as an independent undergraduate student (no more than $23,000 of this amount may be in subsidized loans)
Visit the Federal Student Aid website to 了解利息是如何计算的，以及哪些费用与你的联邦学生贷款有关 There is also a 1.0% fee that will be deducted from each disbursement of your loan.
To apply for a Federal Direct Student Loan, you must first file a Free Application for Federal Student Aid (FAFSA). 所有学生都将获得他们有资格获得的最高补贴和无补贴贷款.
如果你是第一次在世纪挑战公司申请联邦直接学生贷款, you’re required to complete Loan Entrance Counseling, 其中解释了作为获得直接贷款的条件，您同意履行的义务. 你将学习管理你的支出，制定还款计划和其他重要的话题.
Once the Loan Entrance Counseling session is completed, our Financial Aid Office will receive an electronic confirmation. 你应该在结尾处打印确认表并保存起来作为记录. 如果您没有完成贷款入学咨询会议，您将不会收到您的直接贷款.
Also, if you’re taking out a Federal Direct Student Loan for the first time, you’re required to sign a Master Promissory Note (MPN). By signing the MPN, you agree to the terms and conditions of the loan. Signing the MPN is done electronically using your FSA ID. Our Financial Aid Office will notify you if you need to sign a MPN.
完成贷款入学咨询，并签署你的主本票 Federal Student Aid website.
MCC强烈建议你只接受你需要的贷款金额，以便在经济上支持完成你的课程.
The U.S. Department of Education will pay your student loan funds through MCC. Your loans will be disbursed in two equal installments, 第一次大约是在第一天上课后的30天，并且在你的出勤报告完成后.
The second disbursement will be at the midpoint of the semester, as long as you are attending classes. If you’re a first-year, first-time borrower, 您的第一次付款将延迟到贷款期开始后30天.
你的贷款必须首先应用到你的学校账户来支付学费, fees and other school charges. If loan money remains, 您可以通过学生账户办公室注册电子退款，直接在您的银行账户中获得资金. 如果你没有注册电子退款，你会收到一张纸质支票, but please note the paper process takes much longer than E-Refunds.
After you graduate, leave school, or drop below half-time enrollment, 在你开始偿还联邦学生贷款之前，你还有六个月的时间. This is called a grace period. After you leave school or drop below half-time enrollment, 您将收到有关还款的信息，并将收到还款开始日期的通知. However, you are responsible for beginning repayment on time, even if you do not receive this information.
Learn more about understanding student loan repayment through the Federal Student Aid website. In addition, 还款计划将在您的在线入学和退出咨询会议上进一步解释.
有关联邦直接学生贷款计划的更多信息，请访问 Federal Student Aid website.
Federal Direct Parent Loan For Undergraduate Students (Plus)
需要额外资金支付MCC教育费用的家庭可以申请联邦直接PLUS计划, made through the William D. Ford Federal Direct Student Loan Program. This loan allows parents to borrow money from the U.S. 帮助支付孩子的教育费用.
Parents of dependent students enrolled at least on a half-time basis, six or more credit hours, 可以通过联邦直接贷款计划申请联邦PLUS贷款吗. 父母借款人必须有良好的信用记录或背书人:有人愿意偿还贷款，如果父母借款人没有这样做.
PLUS贷款的年度限额等于学生的出勤费减去收到的其他经济援助. The interest rate is set by the government each year. Borrowers are notified of interest rate changes each year on July 1. 政府在处理贷款时要收取高达4%的费用. This fee is deducted from each disbursement of the loan.
PLUS funds are disbursed to the school in two equal installments, 一个在贷款期初，一个在贷款期中. 这些资金首先用于支付学费，剩余的资金将退还给家长或学生, based on an authorization completed by the parent.
PLUS贷款的还款开始于贷款全额发放后60天. 有三种不同的还款计划:标准、延期或分级. More information on these plans will be sent to parent applicants.
To apply for a PLUS loan, parents must go to the Federal Student Aid site. Once there, a parent will need to sign in using his or her FSA ID. 登录后，家长将选择“开始PLUS申请流程”.”
For more information on parent loans, check out the Federal Student Aid site.
NOTE: You must accept, adjust or decline every student loan you’re offered. You can do this through the MCC Banner Student Self-Service System.
Private educational loans
银行和其他金融机构提供私人机构贷款来帮助你支付教育费用. 这些贷款不是有担保的学生贷款，通常是基于收入和信用记录. Interest rates and fees are set by each individual lender. 大多数学生都需要有一个担保人来获得这些私人贷款.
If you’re considering taking out a private educational loan, you should research each individual program carefully. 这些贷款通常利率较高，你应该把它们作为最后的选择, after you have explored all federal aid options. To explore some of your Private Loan options, please visit the FASTChoice website.
For more information watch our Financial Aid Videos:
