If students are interested in applying for the student loan programs, they should file the Free Application for Federal Student Aid (FAFSA) and complete any additional requirements requested. In addition, a separate online loan application will be required, accessible through RaiderNet.
The Federal Stafford Loan Program is available to students who have been determined eligible through the above-mentioned need analysis system. All student loans will be handled directly through the U.S. Department of Education. There are 2 types of Federal Direct loans available to RSCC students: subsidized (interest is paid by the Department of Education while the student maintains half-time enrollment) or unsubsidized (a variable interest loan). Repayment begins six months after the student withdraws, graduates or drops to less than 6 credit hours. Loan limits are a minimum of $500 and a maximum allowed by the Department of Education. More details are available in the required reading for the online loan application.
The Financial Aid Office will strive to process loans quickly and accurately. Remember, a student loan is the student’s and it is beneficial to be informed, borrow conservatively, and ask questions.
For more information please call toll free 1-866-GO2-RSCC ext. 4545 or 865-882-4545.