Direct Stafford Loans from the William D. Ford Federal Direct Loan Program are low-interest loans for eligible students to help cover the cost of higher education. These loans include:
Direct Subsidized Loans
Direct Subsidized Loans are for students with financial need which is determined from your Free Application for Federal Student Aid (FAFSA). You are not charged interest while you're in school at least half-time (6+ hrs.); however, interest accrues during grace periods and deferment periods.
Direct Unsubsidized Loans
Direct Unsubsidized Loans are not based on financial need. This loan, like all aid, is based on your enrollment status (6 hours or more) and budget. Interest accrues (accumulates) from the time it's disbursed. You can pay the interest while you are in school or you can allow it to accrue and add to your balance.
SCTC does not auto-award student loans. Students must complete a Loan Request Form if interested in receiving loans.