Explore your options to cover college.

Loans are a kind of school funding that really must be repaid—with interest—at a date that is future. You can find various kinds of loan choices offered to pay money for your training expenses. TCC participates into the U.S. Department of Education’s Direct Loan Program, and we also will allow you to navigate subsidized and unsubsidized Federal Direct Loans, Federal Parent PLUS Loans, and much more.

To use, pupils must certanly be signed up for at the least six credits.

Federal Direct Loans

The government’s that is federal Loan system provides low-interest, long-lasting loans right to pupils and parents. The financial institution (or guarantor) may be the U.S. Department of Education (ED) as opposed to a bank. Loans assured because of the government that is federal definitely better prices and payment terms than personal loans.

These loans can be obtained to pupils who show economic need, on the basis of the information you offer in the FAFSA. The government that is federal the mortgage interest even though you attend university and throughout your six-month elegance duration. You can find limits as to how much it is possible to borrow centered on your grade degree at school.


These loans can be found to pupils who don’t demonstrate economic need, on the basis of the information you offer regarding the FAFSA. You will be accountable for all interest that accrues regarding the loan. You might elect to make interest re re re payments whilst in school or defer interest re payments, that may then be put into the key for the loan. You can find restrictions on how much you can easily borrow predicated on your grade degree at school.


PLUS loans enable parents with good credit records to borrow to simply help pay money for their child’s university costs. The pupil needs to be signed up for at the very least six educational funding eligible credits plus in a qualification program. Moms and dads may borrow up to the student’s cost that is full of minus every other kinds of educational funding. The parent is in charge of repaying the mortgage plus any interest. The parent’s credit score shall be examined because of the U.S. Department of Education (ED).


A financial aid advisor a campus financial aid office if your family is interested in a Parent PLUS loan, please contact.

Payment of this loan often starts 6 months once you: graduate, withdraw from your own classes, or fall below six credit hours through the semester.

Criteria of Satisfactory Academic Progress

Federal pupil loan borrowers must fulfill satisfactory scholastic progress demands at the idea of loan official certification and once again before the disbursement of any loan profits.

Federal Direct Loans

The Federal Direct Loan Program provides low interest loans (subsidized or unsubsidized) straight through the Department of Education to pupils. Eligibility is set information that is using in the complimentary Application for Federal scholar help (FAFSA).
Pupils can submit that loan demand at Alamo Colleges on line through the ACES portal; follow this link for a guide.

  • Should have need that is financial dependant on the FAFSA
  • Should be enrolled at minimum half-time
  • Must keep Satisfactory Academic Progress (SAP)
  • Should never go beyond yearly or lifetime aggregate loan limits
  • Interest will not accrue so long as you are enrolled at half-time that is least, during six-month grace duration, or during active deferment durations
  • Not centered on need
  • Must certanly be enrolled at minimum half-time
  • Must keep Satisfactory Academic Progress (SAP)
  • Must not go beyond yearly or lifetime aggregate loan restrictions
  • Interest begins accruing as soon as loan is disbursed
  • Student may spend on interest while in college, elegance duration, or deferment/forbearance, however it is not essential. Any unpaid interest that accumulates during this time period will soon be capitalized and put installment loans in washington into the quantity owed, also called the loan principal, at time of payment.
  • Open to qualified moms and dad of a reliant, undergraduate pupil with school funding eligibility
  • Pupil must certanly be enrolled at half-time that is least
  • Pupil should be Satisfactory that is meeting Academic (SAP)
  • Parent will need to have good credit score, no defaulted pupil or moms and dad loans, and start to become a U.S. Resident or eligible noncitizen

Helpful Hyper Hyper Links

Finishing the Federal Direct Loan Process (Subsidized/Unsubsidized):

  1. Complete ALL outstanding educational funding demands, including verification.
  2. View the Direct Loan Eligibility page for several conditions and terms.
  3. Look at the Priority Dates and Deadlines web page for application submission timeframes.
  4. Submit the Direct Loan request throughout your ACES account.

Finishing the Federal Parent PLUS Loan Process:

  1. Download the fillable PDF here and submit to your residence campus.
  2. Moms and dads whom borrow a Federal Direct Parent Loan for Undergraduate pupils (PLUS) are susceptible to the following laws:
    • The Entrance Counseling Session is needed for moms and dads that are at first declined a PLUS Loan but eventually gain approval with a cosigner. Head to StudentLoans.gov for details.
    • All looks for a PLUS Loan cosigner needs to be exhausted ahead of the student that is dependent borrow extra Direct Loan funds. The declaration available listed here is needed to be on file using the scholar Financial Aid workplace prior to the dependent pupil is granted extra loan funds.
    • Moms and dads might use a completed Master Promissory Note (MPN) on StudentLoans.gov since the PLUS Application. It is best, nonetheless, to verify the arrival regarding the MPN aided by the learning student Financial Aid workplace at your college.

For first-time borrowers on or after July 1, 2013, there clearly was a restriction from the maximum time period the pupil can receive Direct Subsidized Loans.

Pupils may well not receive Direct Subsidized Loans for a lot more than 150percent regarding the posted amount of their selected system.

Pupils signed up for a two-year connect level system may get Direct Subs

Yes, summer Direct Loan demands are submitted the moment your summer time aid that is financial happens to be prepared and eligibility determined.

Pupils whom are not able to repay their loans are thought to stay standard of these loan re re re payments and are also maybe perhaps not qualified to get aid that is future the default status is either rehabilitated or compensated in complete. To learn more concerning the effects of defaulting for a Direct Loan look at the FSA Collections web site.

Pupils who will be determined to possess defaulted on loan payments obtained while at Alamo Colleges is supposed to be contacted by the Cennate i3Group. Cennate i3 may be the organization that is only with Alamo Colleges for loan standard purposes.

The Alamo Colleges District has partnered aided by the i3 Group to aid present and previous students with concerns regarding Federal Student Loans. The Group that is i3 helps stay informed regarding the status of these loan, provides alternative repayment choices, and encourages answers to every student in order to prevent standard.

The i3 Group connections pupils by both phone and e-mail. Any inquiries from pupils put using the Group that is i3 for may be directed to 866-296-7955. Hours are: Mon-Thurs 8am – 8 pm, and Fri 8am – 5pm CST.

More information can be acquired at www. I-3group.com.

Ion Tuition is a resource available through the i3 Group. Each present and previous student will are able to sign up for their very own account at www. Iontuition.com.

Ion Tuition is a self-help internet device which allows pupils to examine loan status, re re payment quantities, repayment dates, and servicers in a single location. Budgeting and payment calculators will also be available to assist with payment choices.