Loans

A loan is money you borrow and must pay back with interest. Loans can help families meet the costs of higher education expenses.

By completing the FAFSA, you are considered for all types of financial aid, including federal and state student loans.

What loans are available?

• William D. Ford Federal Direct Loan Program (DL): Federal loans to help eligible students borrow from the U.S. Department of Education to cover the cost of higher education.
• FORWARD Loan Program: Low-interest state loans to help students in eligible programs finish in two years or less with manageable student debt.

TCC does not participate in the federal parent PLUS Loan program.

What should I know before borrowing?

Before borrowing any student loans, it is important to understand your responsibilities as a student loan borrower.

TCC encourages you to borrow only what you need to help cover your education expenses in order to avoid building up a significant amount of student loan debt.

Know before you owe by visiting the following resources:

• Visit studentaid.gov: Have questions about student loans? Learn more about the low-interest Federal Direct Loan Program.
• Federal Student Loan Simulator: Decide on how much to borrow by estimating your monthly loan payment.
• Financial Literacy: Use TCC's resources to help you with money management and student loan borrowing.

Updated September 18, 2023