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The Student Loan Information and Amount Acceptance Form for 2019-2020 is available via RaiderNet by clicking on Your Financial Aid and selecting 2019-2020 Student Loan Information and Amount Acceptance Form.

Roane State Community College no longer participates in any alternative student loan programs (such as Sallie Mae or LendKey).

About Direct Loans

Direct Loans are low-interest loans for students that must be repaid. These loans are to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education, though most of the contact will be with your loan servicer. With Direct Loans, you

Purpose of a Student Loan:

You may use Direct Student loan money you receive only to pay for your education expenses at the school that is giving you the loan.

How to request your Student Loan (Federal Direct Loan) amount:

  1. Apply for financial aid (FAFSA) online at
  2. Submit all forms requested by Roane State (loans will not be processed until your FAFSA file is complete and verified in our office).
  3. Enroll in and attend a minimum of 6 hours.
  4. Submit all academic transcripts from previously attended colleges - even if you did not earn credit.
  5. Complete the Student Loan Information and Amount Acceptance Form (accessible through your RaiderNet account).
  6. Check your RaiderNet email for instructions as to when to complete Entrance Counseling and electronically sign MPN (if required).
  7. Make arrangements to cover your fees if funds are inadequate by deadlines posted in class schedule.

Entrance Counseling / Sign your Master Promissory Note for your Direct Loan

Exit Counseling

Types of Direct Loans:

Year Dependent Students Independent Students

Yearly Loan Limits

First-Year Undergraduate
Annual Loan Limit

$5,500 - No more than $3,500 of this amount may be in subsidized loans. $9,500 - No more than $3,500 of this amount may be in subsidized loans.

Second-Year Undergraduate
Annual Loan Limit

$6,500 - No more than $4,500 of this amount may be in subsidized loans.

$10,500 - No more than $4,500 of this amount may be in subsidized loans.

Interest Rates

The interest rates listed in the table below are for Undergraduate Direct Subsidized and Unsubsidized Student Loans.

Date of First Disbursement Fixed Interest Rate
Fixed Rate Loans
7/1/17 - 6/30/18 4.45%
7/1/16 - 6/30/17 3.76%
7/1/15 - 6/30/16 4.29%
7/1/14 - 6/30/15 4.66%

Terms & Definitions

FAQs for Direct Lending

How does repayment work if I have Federal Family Education Loans (FFEL) and Direct loans?

You will have to make separate payments to each lender. You can also choose to consolidate with the Direct Loan program if you would like to make only one monthly payment.

How can I consolidate my loans with the Direct Loan program?
You may go to for more information regarding consolidation.

Where can I find information about who services my other federal loans?
You can find information about the servicers of your other loans at You will use your FSA ID to access your information.

Student Loan Repayment

150% Direct Subsidized Loan Limit (SULA)

FATV: A Minute to Learn It – Before You Borrow

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