Loans at HCC are offered through the William D. Ford Federal Direct Loan Program, which issues loans directly from the federal government. HCC encourages you to review all information about loans before deciding to borrow and to borrow only what you need. Available loans include:

  • Federal Direct Stafford Loans
  • Federal Direct PLUS Loans
  • HCC does not offer Federal Perkins or Private Loans.

Current federal loan interest rates.

 How to apply

The first step in applying for any financial aid at HCC, including grants, loans, scholarships and work study, is to complete the FAFSA (Free Application for Federal Student Aid). If you are a first-time borrower at HCC, you will be required to:

  1. Accept or decline the loans offered to you based on your eligibility.
  2. Complete Federal Direct Stafford Loan Entrance Counseling, which explains your rights and responsibilities as a loan borrower.
  3. Complete your Direct Loan Master Promissory Note (MPN) using your federal PIN.
These steps must be completed before you can receive your first loan disbursement. Stafford borrowers will not receive their loan disbursement until 30 calendar days after the student has been attending 6 credits or more.
*Important: Funding from student loans may be available to purchase books in the bookstore beginning on the first day of classes if student is scheduled to attend 6 or more credits and has completed all loan requirements. Students whose loan funds have been authorized for books will receive an email letting them know the funds are available to purchase books at the HCC bookstore.

Information for exiting Stafford borrowers

If you are graduating, withdrawing, or dropping below half-time, complete Federal Direct Stafford Loan Exit Counseling. HCC will receive the results the next business day. Your academic records will be on hold until this is completed.

Loan overview