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.
A cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1st to September 30th, and default or meet other specified conditions prior to the end of the second following fiscal year.
- Most recent Cohort Default rate for NCC (FY 2022): 0%
- National average Cohort Default rate for Community Colleges (FY 2022): 0%
- Overall national average Cohort Default rate (FY 2022): 0%
In the 25-26 academic year, approximately 27% of all enrolled students borrowed a student loan.
Parent Plus Credit Application Denied and Request for Additional Unsubsidized Federal Student loan (Dependent Only)
Dependent Student Request for Additional Direct Unsubsidized Loan As a Result of Parent’s Inability to Borrow PLUS Due to Adverse Credit History
Dependent students whose parent(s) are unable to borrow PLUS Loans due to adverse credit or other exceptional circumstances may be considered for additional Unsubsidized Direct Loan funds in the same amount as an independent undergraduate student.
Do not submit this form until after your parent(s) has been declined a Direct PLUS Loan as a result of completing the PLUS request at Studentaid.gov.
My parent was declined a Direct PLUS Loan for the current academic period of enrollment (such as, Fall 2026/Spring 2027). Please consider my request for an additional unsubsidized loan. I understand I must meet all federal eligibility guidelines. I understand I cannot receive federal student loans in excess of the published loan limits, both annual and lifetime, based on my career and grade level. I also understand my obligation to repay my student loans.
View Form
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.
