Loans

William D. Ford Federal Direct Loans

A Federal Direct Student Loan is a low-interest loan made to a student by the government for educational expenses. The direct loan has a lower than market interest rate. Borrowers must be enrolled in a minimum of six credit hours. Repayment begins six months after the student is enrolled less than half-time.

Federal Direct PLUS Loans

PLUS loans provide additional funds for educational expenses. Parents of dependent students may borrow up to the cost of attendance less all other financial aid. Parents must be credit worthy to obtain a PLUS loan. See the LLCC financial aid web page for additional application procedures.