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Student Loans

US Dept. of Education’s Federal Student Aid FAQ

Direct Student Loans are another source of financial aid at DCCC, but these funds have to be repaid by the borrower/student. Direct Loans are low-interest loans for students to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education rather than a bank or other financial institution. Annual borrowing limits vary based on the student’s year in school.  Parents may apply for a Direct PLUS Loan.

Loans, like grants and other financial aid sources, require completion of the Free Application for Federal Student Aid (FAFSA).  If verification is required, that process must be completed BEFORE a loan request can be processed

Eligibility requirement for a student loan:

  • Complete the FAFSA (and verification if applicable) and have been notified of your DCCC Award status for the year.
  • Current confirmed enrollment in at least 6 credit hours (1/2 time) in an eligible program of study
  • Meet Satisfactory Academic Progress (SAP) Standards
    • Earn/maintain a cumulative GPA of 2.000 or higher
    • Earn/maintain a cumulative completion rate of 67% of all attempted course hours
    • Complete program within 150% of the standard length of time
    • Suspended or Terminated financial aid due to SAP means NO loans or grants
  • Not exceed borrowing limits set by the US Department of Education.
  • Complete required loan steps (listed below) to accept a student loan. Missing requirements or incomplete forms will prevent processing loan acceptances and delay funds

Loan-Maximums-Table

Student Loan Acceptance Steps for Each Academic Year:

STEP 1: Complete Entrance Counseling at www.studentloans.gov

  • Sign in with your secure login (same as FAFSA).
  • Select “Complete Counseling” in the center of the page
  • Select “Entrance Counseling”
    • You may refer to the table above plus any other award amounts and college costs to help with budgeting during the loan entrance counseling.
  • Select DAVIDSON COUNTY COMMUNITY COLLEGE to notify.
  • You are an UNDERGRADUATE student.

* Take your time and read carefully to know how much you’ll OWE.  You must personally complete loan counseling because you will be responsible for repayment. You can change your mind at any time and NOT borrow.

STEP 2: Complete a Master Promissory Note at www.studentloans.gov

  • Sign in with your secure login (same as FAFSA).
  • Select “Subsidized/Unsubsidized” as the type of loan.
    • You’ll need your Driver’s License and all of your current contact information, phone numbers and emails and contact information for two loan references as well.
  • Select DAVIDSON COUNTY COMMUNITY COLLEGE as school.
  • You are an UNDERGRADUATE student.

* Take your time reading the conditions of the loan. You must personally complete the Master Promissory Note because you will be responsible for repayment and consequences. You can change your mind and NOT borrow.

STEP 3: Complete the Fall 2018/Spring 2019/Summer 2019 DCCC Loan Acceptance Form (2018-2019 AY)

  • You must use your DCCC student e-mail AND a completed financial aid decision before you can complete the loan acceptance form.
  • Steps 1 & 2 must be completed BEFORE acceptance.
    • You’ll need current contact information, phone numbers and emails for you and your loan references to complete the form.

* Take your time completing the loan acceptance form. Incomplete forms will prevent timely processing. You can change your mind and NOT borrow.

Loan Changes or Cancellations

All changes, corrections or cancellations of accepted student loans must be communicated directly to FA_Loans@davidsonccc.edu for review and processing. In the message include your full name and the specific changes requested. All messages should be sent using your DCCC-assigned email account for message security and to confirm student identity.
Exit Loan Counseling:

Required by all DCCC students when:

  • they complete each academic year (to update information).
  • they Graduate from DCCC or transfer to another college.
  • they Withdraw from all classes OR drop below half-time hours.

*You must personally complete the Exit Loan Counseling and list DCCC because you will be responsible for repayment arrangements.

EX$EL Repayment Success Program:

All student loan borrowers at DCCC will be enrolled in the EX$EL program for Repayment Success.  EX$EL Repayment Success is run by the College Foundation of NC with Students are contacted regularly to keep on top of their student loan status.  They are NOT a collection agency.  They are there to HELP YOU be successful; financially, educationally and professionally. Be sure to sign up for their Financial Education modules!

Loan Processing Timelines:

Allow 4 weeks for processing loan requests

Spring & Summer 2018 Student Loans


*(disbursed in 2 payments; one spring and one summer)
Loan processing for 2018 Spring/Summer Loans begins after August 30, 2017. Attendance must be confirmed in 6 credits to disburse.
If MPN, Entrance Counseling AND Loan Acceptance Form are completed BEFORE:Anticipated Loan Disbursement Dates: 
December 15, 2017  (Spring tuition may be held for loan students)Spring:Summer: 
January 30, 2018Feb. 17July 3
February 28, 2018March 17July 3
March 30, 2018April 21July 3
April 30, 2018May 12July 3
Spring/Summer loan acceptances end after April 29, 2018 to allow time for disbursement, but may be considered for Summer-only loan.

Summer-Only (2018) Student Loans


*(must be disbursed in 2 separate payments)
Processing of Summer-only loans begins after January 30, 2018. Summer-only amounts may NOT exceed a single term loan amount.
If MPN, Entrance Counseling AND Loan Acceptance Form are completed BEFORE:Anticipated Loan Disbursement Dates: 
May 1, 2018 (Summer tuition may be held for loan students)Summer: Part 1Summer: Part 2
May 30, 2018July 13July 25
Summer Only loan acceptances will not be processed after May 29, 2018 to allow time for disbursement.

Fall & Spring 2018-19 Student Loans


*(disbursed in 2 payments; one fall and one spring)
Loan processing for 2018-19 Fall/Spring Loans begins after June 8, 2018. Attendance must be confirmed in 6 credits to disburse.
If MPN, Entrance Counseling AND Loan Acceptance Form are completed BEFORE:Anticipated Loan Disbursement Dates: 
July 15, 2018 (Fall tuition may be held for loan only students)Fall:Spring: 
August 30, 2018Sept. 21Feb. 15
September 30, 2018Oct. 19Feb. 15
October 30, 2018Nov. 16Feb. 15
November 30, 2018Dec. 14Feb. 15
Fall/Spring loan acceptances end on Nov 30, 2018 to allow time for disbursement; you may accept a Spring & Summer loan at this time.

Spring & Summer 2019 Student Loans


*(disbursed in 2 payments; one spring and one summer)
Loan processing for 2018 Spring/Summer Loans begins after August 30, 2018. Attendance must be confirmed in 6 credits to disburse.
If MPN, Entrance Counseling AND Loan Acceptance Form are completed BEFORE:Anticipated Loan Disbursement Dates: 
December 15, 2018  (Spring tuition may be held for loan students)Spring:Summer: 
January 30, 2019Feb. 15July 12
February 28, 2019March 15July 12
March 30, 2019April 12July 12
April 30, 2019May 10July 12
Spring/Summer loan acceptances end after April 30, 2019 to allow time for disbursement, but may be considered for Summer-only loan.

Summer-Only (2019) Student Loans


*(must be disbursed in 2 separate payments)
Processing of Summer-only loans begins after January 30, 2019. Summer-only amounts may NOT exceed a single term loan amount.
If MPN, Entrance Counseling AND Loan Acceptance Form are completed BEFORE:Anticipated Loan Disbursement Dates: 
May 15, 2019 (Summer tuition may be held for loan students)Summer: Part 1Summer: Part 2
May 30, 2019July 12July 19
Summer Only loan acceptances will not be processed after May 30, 2019 to allow time for disbursement.