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Costs and Financial Aid

Loans

The Federal Direct Loan Program provides financial assistance to expand higher education opportunities for undergraduate, graduate, and professional students attending post-secondary schools on at least a part-time basis.

KCTCS processes student loans through the new Federal Direct Loan Program (Direct). This means that federal student loans will be funded by the U.S. Department of Education.

As an authorized participant, KCTCS Colleges will ensure students and parents are able to borrow funds to meet their educational needs. However, students and parents are required to take some steps to participate. Students applying for a Direct Loan for the first time at KCTCS must:

Federal Direct Student loans are loans that require repayment, just like car loans or mortgages. You must repay a student loan even if your financial circumstances become difficult. Your student loans cannot be canceled because you didn’t get the education or job you expected, or withdrew from school, so borrow only what you need to meet your educational goals. Learn more about managing your loan at the Federal Student Aid website. Please review the Federal Direct Lending FAQs and contact your local College Financial Aid Office for questions and assistance.

Subsidized Direct Loan

Students must show financial need to qualify for the subsidized loan. The federal government, on behalf of the borrower, pays the interest that accrues while the student is in school, during authorized deferment periods and for six months after the student ceases to be enrolled at least part time. The borrower begins paying the interest when the loan enters repayment.

Unsubsidized Direct Loan

Students are not required to show financial need to qualify for the unsubsidized loan. Unlike the subsidized loan, the borrower must pay all interest that begins to accrue immediately upon disbursement regardless of enrollment status or loan deferments. Interest can be paid monthly or quarterly or be capitalized (added to the principal balance).

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