Student loans can be useful in funding your education, but use them wisely. You should be aware of the responsibility that borrowing money to finance your education entails.
It is important to utilize student loans to pay only the cost of your education and to borrow prudently. The Unsubsidized Stafford Loans you take out at LLCC will accrue interest. Six months after gradution or dropping below six credit hours as a student, will result in the repayment of your loans. Take your investment in college seriously. If yo do not follow your repayment schedule, you may end up being in default on your loans. This can hurt your credit rating and prohibit you from receiving future financial aid.
LLCC participates in the Stafford Student Loan program which provides, to students, low interest loans which are guaranteed by the U.S. government. All loan paperwork is transacted through the financial aid office. It is not necessary to be pre-approved or to contact your bank/lender.
Steps to apply for a Stafford Loan at Lincoln Land Community College:
- Complete the Free Application for Federal Student Aid (FAFSA).
- Complete the LLCC Stafford Student Loan Request Form.
- Part of completing the Stafford Student Loan Request Form involves selecting a bank or lender. If you need help selecting a lender, please click here to see our Lender Research Results.
- Complete on-line Entrance Counseling (only if you've never received a loan from Lincoln Land Community College in previous semesters).
- Complete the Master Promissory Note.