Direct Student Loans are another source of financial aid at DCCC, but these funds have to be repaid by the borrower/student. Direct Loans are low-interest loans for students to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education rather than a bank or other financial institution. Annual borrowing limits vary based on the student's year in school.  Parents may apply for a Direct PLUS Loan.

Loans, like grants and other financial aid sources, require completion of the Free Application for Federal Student Aid (FAFSA).  If verification is required, that process must be completed BEFORE a loan request can be processed

Requirements for applying for a student loan and maintaining eligibility:

  • Complete the FAFSA (and verification if applicable)
  • Current enrollment in at least 6 credit hours (1/2 time) in an eligible program of study
  • Meet Satisfactory Academic Progress (SAP) Standards
    • Earn/maintain a cumulative GPA of 2.000 or higher
    • Earn/maintain a cumulative completion rate of 67% of all attempted course hours
    • Complete program within 150% of the standard length of time
    • Suspended financial aid due to SAP means NO loans or grants
  • Not exceed borrowing limits set by the US Dept of Ed.
  • Complete required loan steps (listed below) to request a student loan. Missing requirements or incomplete forms will prevent processing loan requests and delay funds

Federal Direct Loan Application Process

Related Links

New Borrowers at DCCC MPN & Entrance/Exit Counseling
Returning Borrowers at DCCC Federal Direct Parent PLUS Loan Request Form
Summer Only Loan Borrowers Student Loans Website 
  National Student Loan Data System (NSLDS)

Loan Processing Timelines:

Allow 4-weeks for processing loan requests

Fall 2013 

Loan processing for 2013-14 begins June 1, 2013
If ALL Loan Steps are Completed By: Anticipated Loan Disbursement Date:
Aug 15, 2013 Sep 20, 2013
Sep 15, 2013 Oct  18, 2013
Oct  15, 2013 Nov 15, 2013
Nov 15, 2013 Dec 11, 2013
Fall Loan requests will not be processed after Nov 15 to allow time for Dec. disbursement.

 

Spring 2014

Loan processing begins August 1, 2013
Students seeking loans in time to have Spring tuition held for the payment deadline must complete ALL Loan Steps by December 15, 2013. 
If ALL Loan Steps are Completed By: Anticipated Loan Disbursement Date:
Jan 15, 2014 Feb  21, 2014
Feb 15, 2014 Mar  14, 2014
Mar 15, 2014 Apr 11, 2014
April 15, 2014 May 9, 2014
Spring Loan requests will not be processed after Apr 15 to allow time for May disbursement

 

Summer 2014 

Loan processing begins February 1, 2014
If ALL Loan Steps are Completed By: Anticipated Loan Disbursement Date:
June 15, 2014 July 3, 2014
Summer Loan requests will not be processed after June 15 to allow time for July disbursement

Financial Aid Office

B.E. Mendenhall Jr. Building

Hours of Operation:
Monday & Tuesday: 8 a.m. - 6 p.m.
Wednesday & Thursday: 8 a.m. - 5 p.m.
Friday: 8 a.m. - noon

Call Us: 336.249.8186, ext. 6393
Fax Number:
336.224.0240
finaid@davidsonccc.edu

Contact Now


Financial Aid Deadlines

Spring 2014:
FAFSA Application: November 15, 2013
FAFSA File completion: Dec. 1, 2013
Admissions Application/Placement: Dec. 1, 2013 

Summer 2014:
FAFSA Application: April 15, 2014
FAFSA File Completion: May 1, 2014
Admissions Application/Placement: May 10, 2014

Fall 2014:
FAFSA Application: June 1, 2014
FAFSA File Completion: June 15, 2014
Admissions Application/Placement: August 1, 2014