What Types of Educational Loans Are Available?

COCC participates in the Federal Stafford Loan Program (FFELP).  To be eligible for a FFELP Stafford Loan, students must be enrolled in at least six credit hours and may not be in default on a prior loan or owe a grant repayment.  All loans must be repaid.  Students must sign a promissory note (a legal agreement to repay) with a lender before any loan money can be received.  The promissory note contains detailed information about the terms, responsibilities and repayment of the loan.  Because students must repay educational loans, this kind of assistance is generally referred to as self-help aid.

• Types of loans COCC offers. 
• Stafford Student Loans
• Parent Loans for Undergraduate Students (PLUS)
• Private Loans  
• Counseling required for student loans.
• Loan Counseling 
• Do I pay on my loans if I transfer schools?
• Deferment
• Debt management options.
• Forbearance  
• Consolidation
• Lender Contact Numbers
• What happens if I do not make payments?
• Default
• Some helpful tips.
• Debt Management
• Student loan borrower Rights and Responsibilities.
• Rights
• Responsibilities