If you still need money to cover the cost of your degree program at Terra Community College, student loans could be your best option. Terra participates in three student loan programs. These programs include:
Federal Stafford Student Loans
- Repayment deferred until six months after you graduate or drop below half-time status.
- Subsidized interest loans available to students with a financial need.
- Requires at least half-time enrollment and attendance in at least six credit hours.
- Maximum award amounts are:
- Up to $5,500 for first year dependent students
- Up to $9,500 for first year independent students
- Up to $4,500 for second year dependent students
- Up to $10,500 for second year independent students
Federal Parent Loans for Undergraduate Students (PLUS)
- Parents are the borrowers rather than the student.
- The student must be enrolled at least half-time (6 credits per term) to remain eligible for the loan.
- Repayment begins 60 days after the loan is issued.
- Award amounts are up to the cost of attendance less any financial aid for an academic year.
- Contact the Financial Aid Office for current year interest rate.
Charles Schell Foundation Loans
- A no-interest, short-term, emergency loan to meet an immediate student need while more substantial financial student aid is being obtained.
- Awards up to $500.
- Repayment required within 90 days.
- Eligibility requirements include: current enrollment, minimum 2.0 College grade point average or new student status and no outstanding prior Schell loans or deferred College fees.
- Applications are available from the Financial Aid Office.
- Loans are made on a "Funds Available Basis."
Student Loan Resources
Here are some helpful links that can help you in your search for student loans:
National Student Loan Data System - The National Student Loan Data System (NSLDS) is the U.S. Department of Education's central database for student aid. You can use this site to get a Financial Aid review, complete your exit counseling requirements and find out more about student loan terminology.
Private Alternative Student Loans - Via GreatLakes Fast Choice service. "FASTChoice helps you request the loan you determine is right for you by
providing detailed information for various loans, as well as the terms
and benefits offered by different lenders."
Questions? Contact us.
If you need additional help with the Financial Aid application process or have questions, please contact the Financial Aid Department at 1-866-AT-TERRA (866-288-3772) ext. 2344. You can also send an email to Terra Community College Financial Aid.