Applying For Federal Loans
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You must request a loan from GTCC - - we will not automatically award a loan to you. You may apply for Federal Stafford loan AFTER the Free Application for Federal Student Aid (FAFSA) has been completed and all follow-up paperwork has been submitted to Enrollment Services.
Note: Students must be enrolled at least six (6) credit hours each semester to apply for and receive a Stafford and/or Parent PLUS loan.
NOTE: GTCC participates in the William D. Ford Federal Direct Loan Program. Your lender will be the U.S. Department of Education for all loans processed in the 2008/09 year and beyond. |
| Previous GTCC Borrowers |
You must reapply for a student loan each academic year. Students who have previously borrowed at GTCC may complete the loan request form on-line and then print and submit the form to Enrollment Services. The FAFSA must be completed and all follow-up paperwork submitted BEFORE we can accept your loan request. If your previous loans were not in the Federal Direct Loan Program, you MUST complete a new Master Promissory Note (MPN) before your loan will be processed. Complete your eMPN on-line at: www.dlenote.ed.gov.
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| Federal Stafford Loan Request |
| Federal Stafford Loan Request Form |
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| New GTCC Borrowers |
| New GTCC Stafford loan applicants (students who have never had a Stafford loan at GTCC) are required to complete the following 4 steps to receive a loan at GTCC. The FAFSA must be completed and all follow-up paperwork submitted to GTCC BEFORE you can complete these steps. |
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Step 1: Complete Online Entrance Counseling
Click on the image below to complete this requirement
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Step 2: Complete Your Electronic Master Promissory Note (eMPN)
Fill out your eMPN online at: www.dlenote.ed.gov |
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Step 3: Sign up and Attend Loan Entrance Workshop
You may sign up to attend a loan workshop in Enrollment Services or by calling 336-334-4822 ext. 5352. Sessions are held several times a month. Please check with Enrollment Services for dates and times.
A photo ID is required for entrance to the meeting. |
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Step 4: Complete Federal Stafford Loan Request Form
This form is discussed in the Loan Entrance Workshop. You may submit this form at the workshop or turn it in to Enrollment Services once complete. |
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| Federal Stafford Loan Request |
PLUS loans are for the parents of our dependent students.
After the FAFSA has been completed and all follow-up paperwork has been submitted, parents can print and complete the PLUS loan request form below and return it to Enrollment Services.
Federal Stafford Loan Request |
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| Asking For Additional Loan Funds |
If you already have applied for a loan in a given semester but need additional funds AND have remaining eligibility, complete and submit: STAFFORD LOAN INCREASE REQUEST FORM and BUDGET WORKSHEET.
These forms can be mailed, faxed or brought to Enrollment Services on the second floor of the Medlin Campus Center, Jamestown campus. |
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| Graduating or Leaving GTCC? |
All students who receive a student loan at GTCC MUST complete Exit Counseling when they drop below half time, leave the college due to withdrawal or graduate. Click on the link below to complete the requirement online.
If you had a Stafford loan at GTCC prior to July 1, 2008, click on the link below to complete the requirement online.
Stafford Exit Counseling (prior to July 1, 2008). From this screen, choose "Exit Counseling".
If you received a Stafford loan after July 1, 2008, click on the link below to complete the requirement online.
Stafford Exit Counseling (after July 1, 2008 ) From this screen, choose "Exit Counseling".
When you graduate or leave GTCC, you may want to look into consolidating your student loans so you will have one single payment, rather than several payments for different loans or payment to different lenders. For more information on loan consolidation, click on the image below.
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| Parent Loans |
Parent PLUS loans are for the parents of our dependent students.
After the FAFSA has been completed and all follow-up paperwork has been submitted, parents can print and complete the Parent PLUS loan request form below and return it to Enrollment Services.
Federal Parent Plus Loan Request
Fill out your eMPN online at: www.dlenote.ed.gov
More information on Plus Loans |
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| Applying for a Private Education Student Loan |
1. Review Federal Aid First
U.S. Department of Education Federal Aid.
This explains the difference between Federal and Private loans. |
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2. Complete Financial Aid File
You must have a completed financial aid file, including the FAFSA: and all follow-up paperwork. Our school code is 004838.
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3. Apply
Choose a lender or Bank to apply for a Private Education Loan. GTCC does not offer a preferred lender list for private loans. Students may check with their bank or research private loans on the Web. We strongly encourage students to borrow Federal loans first as they offer better benefits and interest rates. Interest rates on private loans are usually significantly higher than on Federal loans. |
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4. School Certification
Our office will certify the loan once we receive a certification request from your lending institution and your financial aid file is complete. Private loan limits are set by Federal regulations and cannot exceed the cost of attendance minus any financial aid received. We are not responsible for the timeliness of private loans and students should address all customer service issues with their chosen lender.
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5. Eligibility Requirements
For most private lenders, there is no minimum credit hour restriction nor do they require the student to be making satisfactory academic progress as determined by the school. Students should verify restrictions with their lender.
Be aware that most private lenders require a good credit rating and may also require a co-signer. |
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Fall Only Loans
More information on fall only loans |
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| Loan Questions |
If you have any questions about your current or previous loan (your responsibilities, regulations, payment options, complaints, etc.) you may contact your lender or the Department of Education's Loan Ombudsman at 1-877-557-2575.
Also, you may contact the Loan Ombudsman
To find out who services your student loans (your lender), and how to contact the servicer, call the Department of Education customer service line at 1-800-4-FED-AID (1-800-433-3243).
To find out your Federal Stafford Loan balance and/or total debt go to:
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