Your financial aid offer may include a loan. A loan is money you borrow and must pay back with interest. Student loans from the federal government often have more favorable interest rates and terms than private loans (like those from a bank), but it’s best to explore all of your options.
Direct Subsidized Loans are available to undergraduate students with financial need based on their FAFSA submitted. The federal government will pay the interest on a subsidized loan while you are in school and during any grace period.
Direct Unsubsidized Loans are available to undergraduate students regardless of financial need as determined by the FAFSA. Interest begins to accrue as soon as the loan is disbursed to the student.
ELM + Student Loan Repayment added as well
Need additional funding beyond the FAFSA and other grants/scholarships? The Direct Parent PLUS loan is available for parents of students to apply for using their creditworthiness as the loan is in their name.
Interested in accepting a private loan? We’ve categorized the most common loans NCC students accepted over previous years to make your search as easy as possible! Visit ELMSelect today to view potential loan options. *NCC is not recommending or encouraging these loans, rather offering this as a resource for students to utilize.
2026 Loan Update Information
In 2026, new legislation will go into effect that will effect specific types of student loans. Please view the page below for up-to-date information on this subject.
