Think of a loan as an 'advance' on future employment. The bulk of funds borrowed at Lansing Community College are through the Federal Direct Loan Program. Under this program, Lansing Community College processes the paperwork and disburses the funds while the U.S. Department of Education is considered the lender. The Federal Direct Unsubsidized Loan is a low interest loan, currently 6.32 APR, that is awarded to students attending at least half-time. Financial need is not required.
Students are responsible for the interest on the loan from the time that the loan is disbursed.
Due to the amount of information and requirements that go along with borrowing, please refer to the following pages. If a student does not meet this requirement at LCC but does at another accredited community college or university, an academic transcript submitted to our office will be considered with overriding this requirement. The Free Application for Federal Student Aid is not required to be completed for the Plus Loan but is highly recommended. Students must maintain Satisfactory Academic Progress for continued eligibility for this loan. Due to the amount of information and requirements that go along with borrowing, please refer to the following pages.