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.

  • Federal Direct 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 loans until they begin a total of 6 credit hours.
  • Repayment on Direct Loans doesn’t start until 6-months after the student leaves school.
  • Subsidized Direct Loans have no interest while the student is in school at least half-time. **Not all students qualify for Subsidized loans.**
  • Unsubsidized Direct Loans accrue interest while the student is in school.
  • Parent PLUS Loans are Federal loans that a parent can apply for their child’s education. FKCC requires that a FAFSA application be completed to be eligible.