Student Loan Options

Student loans are a form of financial aid that must be repaid with interest typically six months after you graduate, stop attending, or drop below half-time.

Depending on your year in school and eligibility, CCBC will offer you federal student loans via your SIMON account. Students can also apply for private loan funding.

Types of loans

Subsidized Loan

  • Financial need required
  • Enrolled in a minimum of 6 credits/billable hours (half-time)
  • Federal government pays interests while you are in school during your grace period, and during deferments
  • Current interest rate information is available through your loan servicer (they will notify you when your loan disburses)
  • An origination fee is applied to each loan disbursed (percentage is reduced when disbursing to your student account)

Unsubsidized Loan

  • Enrolled in a minimum of 6 billable or credit hours (half-time)
  • Interest is calculated from first disbursement
  • Current interest rate information is available through your loan servicer (they will notify you when your loan disburses)
  • An origination fee is applied to each loan disbursed (percentage is reduced when disbursing to your student account

Parent Loan (PLUS)

Parent Loan for Undergraduate Student (PLUS) Process:
  1. The student must complete a FAFSA.
  2. The parent must complete the loan application with the Department of Education. Click “Log In.” After logging in with your FSA username and password, read and complete all the requested information.
  3. If APPROVED, the parent must complete a PLUS Master Promissory Note (MPN). If DECLINED, the student may complete the box on the back of this CCBC PLUS Loan Application Request form (select the correct aid year).
  4. Whether the PLUS loan is approved or declined, return the CCBC Loan Application Request form (under New and returning direct loan process/forms) to our office.

Parents will be provided the interest rate and origination fees from the servicer.

Loan limits

Annual (Fall, Spring, and Summer)

Loan Type Subsidized Unsubsidized Total
First-Year Dependent
(0-27 credit hours earned)
$3,500 $2,000 $5,500
Second-Year Dependent
(28 or more credit hours earned)
$4,500 $2,000 $6,500
First-Year Independent
(0-27 credit hours earned)
$3,500 $6,000 $9,500
Second-Year Independent
(28 or more credit hours earned)
$4,500 $6,000 $10,500

Lifetime loan limits for undergraduates

  • Dependent $31,000 (no more than $23,000 may be subsidized)
  • Independent $57,500 (no more than $23,000 may be subsidized)

Time limitation for Subsidized loans

After July 1, 2013, first-time Direct Loan Borrowers will be subject to new regulation by the Department of Educations which limits Subsidized loan eligibility. In general, a student may not receive Direct Subsidized Loans for more than 150% of the published length of their program. Therefore, timely degree completion can help prevent extra costs incurred by borrowers who could lose the benefit of having the government paying the interest on their loan while in school.

Enrollment and disbursement

Enrollment Status

Students must be half-time status to have any loans disbursed to their account.  This requires active enrollment in 6 credits/billable hours every semester.

Dual Disbursements

Federal student loans require two disbursements. Students with fall/spring loans will receive one disbursement in the Fall semester and one in the Spring. If a student has a Fall only or Spring only loan, it will still be disbursed in two equal amounts within the same semester.

Loan Disbursement

You can view disbursement dates in the FA Calendar.

Refunds are processed by the Bursar's office.  Per federal laws, CCBC has 14 days from the date of disbursement to supply a student with a refund, if eligible.  We encourage all students eligible for a refund to sign up for e-Refunds.


CCBC graudates throw caps in the airLoan tips & repayment options

Whether you have just graduated, are taking a break from school, or have already started repaying your student loans, these tips can help you keep your student loan debt under control.

Learn more»