Stafford Loans Information for Future Students at the Florida Keys Community College in Key West, FL
Stafford Loans
Federal Student & Parent Loans
|
Beginning with the 2010-2011 Academic Year, Florida Keys Community College began participating in the Federal Direct Loan Program and all student and parent loans are processed through the Federal Department of Education.
Students and parents do not choose a Bank. All federal loans are disbursed directly from the Federal Department of Education to the institution.
|
LOANS are funds that students apply for that have to be paid back. There are a variety of loans available, some are better for the borrower than others.
- Stafford Loans Federal loans that require a FAFSA application to apply.
- Students must be enrolled in a minimum of 6 credit hours to be eligible to receive loans. Students with courses that begin later in a given term will not receive loan monies until they begin a total of 6 credit hours.
- Students must have a minimum of 6 credits of financial aid eligiblity to qualify for a loan. Students that have not completed a degree within the required number of credit hours are not eligible to receive federal student loans.
- Repayment on Stafford loans doesn't start until 6-months after the student leaves school.
- Subsidized Stafford loans have no interest while the student is in school at least half-time. **Not all students qualify for Subsidized loans.**
- Unsubsidized Stafford loans accrue interest while the student is in school.
- Parent PLUS Loans Federal loans that a parent can apply for their child's education. FKCC requires that a FAFSA application be completed to be eligible.