Financial Aid Links

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• Student Loan Ombudsman
• Contact the Financial Aid Office 

Loans

Student loans are financial aid that must be repaid. All types of loans are disbursed by semester.

Federal Direct Loans are low-interest loans that allow students to borrow up to $3,500 for their first year and $4,500 for their second year. These loans are either subsidized or unsubsidized. If the loan is subsidized, the interest does not accrue until six months after you graduate or drop below half time. If the loan is unsubsidized, interest is charged from the time the loan is disbursed. Independent students may be eligible for an additional $6,000 a year in unsubsidized loan. Your award letter will indicate the type of loans for which you qualify.

Here are links to student loan tools you might find helpful:

• http://www.finaid.org/
• http://www.mappingyourfuture.org/money/calculators.htm

How Much Have You Borrowed?  Find out at:

• http://www.nslds.ed.gov/nslds_SA/

Federal Direct Loan Master Promissory Note
Any student that receives a federal Stafford loan, subsidized or unsubsidized, is required to complete the loan application. If you do not have a previous Direct Loan, click here.

Federal Direct Loan Entrance Counseling
Any student that receives a federal student loan, subsidized or unsubsidized, is required to complete entrance loan counseling. This can be completed online here.

Federal Direct Loan Exit Counseling
Any student that received federal student loans, subsidized or unsubsidized, is required to complete exit loan counseling. This can be completed online when the student has completed their last semester or is taking under 6 credit hours.

The Federal Parent Loan for Undergraduate Student (PLUS) is a loan which provides an opportunity for parents of dependent students to borrow funds for their student’s educational costs. The Financial Aid Office certifies the eligibility, but the money is borrowed from a bank, credit union, or other participating lender. Loan amounts may not exceed educational costs minus other financial aid.
This can be completed online here.

Alternative Loans are offered by many lenders through their own private loan programs. If you are interested in finding an alternative loan lender you may check out http://www.simpletuition.com/landing/certifiedprivateloans.html to view the lenders that work with KCC. To learn more about the alternative loan lenders we work with, contact the Financial Aid Office.