William D. Ford Federal Direct Student Loan Program
Beginning summer semester of 2011, Beaufort County Community College will participate in the William D. Ford Federal Direct Student Loan Programs. Students must request the loan as they will not be automatically awarded to them. A Free Application for Federal Student Aid (FAFSA) is required and all follow up financial aid documents must be submitted prior to the loan being certified. In addition, students must be enrolled at least half-time (six credit hours), be making satisfactory academic progress and demonstrate financial need. Go to https://studentloans.gov for further information on the Direct Loan Programs. Click here for instructions on how to apply.
Alternative Private Loans
BCCC does not recommend or endorse any particular lender and suggests that students perform a thorough review of all lenders before making a choice. We strongly encourage students to borrow Federal loans first as they offer better benefits and interest rates. Interest rates on private loans are significantly higher than Federal loans.
Simple Tuition has launched a private loan comparison website at http://www.certifiedprivateloans.com/ which may be used to compare loan information from various lenders. Students should be aware that these lenders will perform credit checks and may require a cosigner for the loan.
Independent students may borrow up to $14,553/year less any financial aid received. Dependent students may borrow up to $9,558/year less any financial aid received.
Students cannot exceed the cost of attendance minus any financial aid received whether they borrow Federal loans or alternative private loans.