Apply for Federal Loans

You must request a loan from GTCC. The GTCC Financial Aid Office will not automatically award a loan to you. You may apply for a 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.

Steps to Loan Completion

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 signed form to Enrollment Services. The FAFSA must be completed and all follow-up paperwork submitted BEFORE we can accept your loan request.

NEW BORROWERS

Steps 1 -5

RETURNING BORROWERS

Steps 4 & 5

Step 1: Complete Online Entrance Counseling  - NEW BORROWERS

Log in to the following site using your FAFSA information to complete the Online Entrance Counseling:

www.studentloans.gov

Step 2: Complete Your Electronic Master Promissory Note (eMPN) - NEW BORROWERS

Complete your Master Promissory Note on the same site:

www.studentloans.gov

Step 3: Sign up and Attend Loan Entrance Workshop - NEW BORROWERS

All new borrowers at GTCC must attend a one-hour workshop before their loan request can be processed. Before you can register for a workshop, your FAFSA processing must be complete and all follow-up paperwork submitted to GTCC. You may register for a Loan Entrance Workshop by clicking on the link below.

http://loan.gtcc.edu

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.

Step 4: Advanced Money Management for Community College Students - NEW and RETURNING BORROWERS

GTCC requires that you complete the Advanced Money Management program available through CFNC to be eligible for a Federal Stafford Loan. This program will help you learn about college financing, money management and more. Once you have completed this material CFNC will enter you in a drawing to receive a $500 Scholarship. At the end of each section you will be quizzed on the information you just learned. You must correctly answer 80% of the questions to be considered passing the course and eligible for a Stafford loan. Just click on the link below and then select Advanced Money Management. You must then select continue under and sign in.

Advanced Money Management

Step 5: Federal Stafford Loan request Form - NEW and RETURNING BORROWERS

Federal Stafford Loan Request Form - 2012 - 2013

Federal Stafford Loan Request Form 2012 SUMMER

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.

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.

Stafford Exit Counseling

Loan Repayment

If you have received a student loan while in school you will go into repayment on that loan at some point. Click on the link below to learn more about loan repayment.

Loan repayment Plans

Consolidating Loans

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.

Parent Loans

2011-2012 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 for the 2012 Summer semester and return it to Enrollment Services.

Federal Parent Plus Loan Request - 2012 Summer

out your eMPN online at: www.studentloans.gov

2012-2013 Parent Loans

For the 2012-2013 school year please visit www.studentloans.gov to apply for a Federal Parent PLUS Loan. Please be sure to select the correct loan period option for your student. For more information on PLUS loans please select the link  below:

More information on Plus Loans

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.

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.

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.

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.

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.

6. Private Education Loan Applicant Self-Certification
Pursuant to Section 155 of the Higher Education ACt of 1965, as amended, (HEA) and to satisfy the requiremnents of Section 128(e)(3) of the Truth in Lending Act, a lender must obtain a self-certification signed by the applicant before disbursing a private education loan.The school is required on request to provide this form or the required information only for students admitted or enrolled at the school. Throughout this Applicant Self-Certification, "you" and "your" refer to the applicant who is applying for the loan. The applicant and the student may be the same person.

Private Education Loan Applicant Self-Certification

Fall Only Loans

The ONLY way to qualify for a "Fall Only" loan at GTCC is to:

1. Attach to your 'Fall Only' loan request form, a non-returnable copy of the letter from the school you'll attend that clearly states your acceptance into that school for Spring entry; or

2. Attach to your 'Fall Only' loan request form a non-returnable letter from your faculty advisor that confirms that you have completed the courses and have registered for the appropriate classes this Fall to graduate at the end of Fall semester.

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 or through this link: 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: