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Cloud County Community College

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Federal Direct Loans

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William D. Ford Federal Direct Loan Program  

The William D. Ford Federal Direct Loan (Direct Loan) Program is the largest federal student loan program. Under this program, the U.S. Department of Education is the lender. Federal Direct Loans usually have lower interest rates and have more flexible repayment options than loans from banks or other private sources.

Students must be enrolled and attending at least 6 credit hours per semester to be eligible for Federal Direct Loans.

Before students borrow a federal student loan, it is important to understand that a loan is a legal obligation that the student will be responsible for repaying with interest. The student may not have to begin repaying their federal student loans right away, but the student does not have to wait to understand the student’s responsibilities as a borrower.

Please visit the Federal Student Aid website for additional loan information.  For repayment calculator please visit

CCCC requires the student to complete a FAFSA before certifying all loans. Entrance Counseling and a signed Master Promissory Note (MPN) are a requirement under the federal default-reduction regulations before disbursing the loan funds. Please complete at

Exit Counseling is required shortly before the student borrower ceases at least half-time study at CCCC.  This includes graduates and transfer students.  Please complete at

You are not alone when it comes to Student Loans.  Cloud County Community College has partnered with Inceptia, a division of National Student Loan Program (NSLP), to provide you with FREE assistance on your Federal student loan obligations to ensure successful, and comfortable, loan repayment. Inceptia's friendly customer representatives may reach out to you during your grace period to answer questions you have about your loan obligation and/or repayment options.  They may also contact you if your loan(s) become delinquent

Inceptia is not a collection agency.  We have partnered with them to help you explore a wide variety of possibilities such as alternative repayment plans, deferment consolidation, discharge, forgiveness, and forbearance options.  Inceptia will stay in touch with you via phone calls, letters, and/or emails to  help you find answers to your questions and solutions to your issues.

For additional resources including information on repayment options, please visit Inceptia's Student Loan Knowledge HQ website at

Direct Subsidized Loans

For undergraduate students who have financial need; US Department of Education pays the interest while the borrower is in school and during grace and deferment periods; the institution determines the amount the student can borrow, and the amount may not exceed the student’s financial need; first time borrowers may not receive this type of loan for more than 150% of the length of their program of study; US Department of Education may stop paying interest if a student who received Direct Subsidized Loans for maximum period continues enrollment.

Direct Unsubsidized Loans

For undergraduate, graduate, and professional students; financial need is not required; borrower is responsible for all interest.

Direct PLUS Loan

For parents of dependent undergraduate students and for graduate and professional students; borrower is responsible for all interest; financial need is not required.  For additional information please visit the website.

For Direct Loans the maximum loan limit per year for freshman (0-29 hours completed) will be $5,500.00 per school year (up to $3,500.00 of which may be subsidized loans).  The maximum loan limit per year for sophomores (30+ hours completed) will be $6,500.000 per school year (up to $4,500.00 of which may be subsidized loans).  

Independent students may be eligible for an additional $4,000.00 in unsubsidized loans.  Please contact the Financial Aid Office to determine eligibility. 

These amounts are based on full time enrollment status and all federal aid may not exceed the school’s budget or cost of attendance.  The annual maximum loan amount an undergraduate student may receive must be prorated when the borrower is enrolled in a program that is one academic year or more in length, but is in a remaining period of study that is shorter than a full academic year.

The interest rate for a William D. Ford Direct Loan is variable, and is adjusted every July 1, and will be set by Congress.  Loan funds are to be used towards education related expenses.

Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received.

All students who are using Financial Aid must have all previous college transcripts submitted and evaluated for Satisfactory Academic Progress before aid will be awarded.

Cloud County Community College does not participate in alternative loan programs.