Interest rates are variable and origination fees are charged at the time of each disbursement. A Federal loan program in which parents of dependent students may borrow for the students' education. Dependent students must be in a degree program or in an eligible certificate program. This loan program does not use the EFC figure and students must be enrolled at least halftime. Repayment is due within 60 days from the date of disbursement.
Interest rates are variable and origination fees are charged at the time of each disbursement.
Credit checks for parents are mandatory. Borrowing money for college is a serious financial obligation. In addition to principal borrowed, interest is charged for your use of the funds. First-time borrowers at CFCC must complete a loan entrance counseling session before any loan funds are disbursed . First-time borrowers at CFCC must also wait 30 days from the first day of classes before receiving the first loan disbursement.