TYPES OF DIRECT LOANS:
Subsidized Direct Loan- the Government pays your interest while you are in school. Payments begin 6 months after you leave the training program.
Unsubsidized Direct Loan- you begin to accrue interest the day the money is disbursed to the school. Payments begin 6 months after you leave the training program.
All students receiving financial aid must achieve satisfactory progress, (90% attendance and 73% academic averages). More information on types of financial aid is available through the Financial Aid Overview Page.
(When applying for Financial Aid, the school code for ACWHCC is 031170.)
Direct Loan Application
a. Complete the FAFSA application
b. Contact the Financial Aid officer and receive the
Financial Aid Award Notification.
Tell the Financial Aid Office how much you would like
to borrow. Remember you will have to pay
everything back with interest!
Choice 1: tuition only
Choice 2: tuition plus living expenses.
c. Go to www.studentloans.gov
1. Entrance Counseling
2. Master Promissory Note (MPN)
(you will need your pin number and 2 names, addresses, and phone numbers of people not living with you)