Apply and Accept Federal Loans

What is a Federal Direct Subsidized loan?

What is the difference between a subsidized and an unsubsidized loan?

Steps to ACCEPT your Federal LOANS

When you apply for financial aid each year, you will be offered loans as part of your financial aid award if you are eligible.  Loans are money you borrow and must pay back with interest, so you should only borrow IF you need it, and only borrow as much as you need.

In order to receive the loan portion of your award,  you must accept them by completing the following steps:

Step 1: Complete Online Entrance Counseling – NEW BORROWERS

Click on the link above or go to to log in to the site using your FAFSA information to complete the Online Entrance Counseling.

Step 2: Complete Your Electronic Master Promissory Note (eMPN) – NEW BORROWERS

There are two methods to complete your Master Promissory Note. Click on the link above or go to and submit your MPN electronically, signing with your FSA ID number, or you may print a paper MPN and mail it to the address listed below for the federal government to process. The paper MPN may increase the length of time it takes to process your loans.

Department of Education
100 Capitol Commerce Blvd
Montgomery, AL 36117

Step 3: Stafford Loan Review – NEW and RETURNING BORROWERS

You may accept, modify, or decline your loan awards by clicking on the link to “Review and accept your Financial Aid Award Package” on WebAdvisor. You will not receive loan funds until you manually accept your award.

Step 4: Starting in the 2017-18 Fall Semester, GTCC  will be participating in a new loan counseling experiment which will require some students to complete additional loan counseling. This Financial Awareness Counseling Tool (FACT Counseling) will positively influence students’ decision making about borrowing and promote successful student loan repayment. Students who are selected to participate will receive an email with further details. If selected, you won’t receive your loan disbursement until you have completed this step.

Important INFORMATION about your LOAN

  • You must be enrolled in 6 or more credit hours to receive each loan disbursement.
  • You must be making satisfactory academic progress.
  • There will be a 30-day delay for first-time, first year borrowers.
  • First year borrowers have earned 32 hours or less. Second year borrowers have earned 33 hours or more (excluding developmental credit hours).
  • “Summer Only” loan requests are a separate loan form which is available beginning March 1.
  • Your lender will deduct an origination fee from each disbursement.
  • Loans will be divided into three payments in the fall and spring semesters and two payments in the summer:

Loan Disbursement Chart




1st Disbursement for
first-time borrowers




1st Disbursement for
all other students




2nd Disbursement




3rd Disbursement



Financial Awareness Counseling - (FACT)

GTCC has been chosen by the Department of Education to participate in a new loan counseling experiment, starting in 2017-2018, that will help student loan borrowers make smart borrowing decisions and be more successful with their student loan repayment. Some student loan borrowers will be asked to complete Financial Awareness Counseling, found here at If you are required to complete this step, you will be emailed at your Titan Live account. You will not receive your loan disbursement until you have completed this step. Like the FAFSA, you will use your FSA ID and Password to complete this step.

To DECLINE your loans

If you would like to decline your Federal Stafford Loans, you can log into Student Self-Service, select “Financial Aid” then “Review and accept your Financial Aid Award Package”, and decline the pending loans.


To find out who services your student loans log into using your FSA ID and Password or call the Department of Education customer service line at 1-800-4-FED-AID (1-800-433-3243).

To find out your Federal Stafford Loan balance and/or total debt go to

Single Semester Loans

Single semester loans are only permitted in certain circumstances.

  1. Transferring mid-year:  Submit a non-returnable copy of the letter from the school you’ll attend that clearly states your acceptance into that school for the following term; or
  2. Graduating mid-year:  Submit a non-returnable letter from your faculty advisor that confirms that you have completed the courses and have registered for the appropriate classes this semester to graduate at the end of the semester.

LOAN LIMITATIONS (Annual and Lifetime)

Annual Loan Limits

Direct Subsidized and Unsubsidized Loans have annual loan limits, based on the student’s dependency status and grade level.

Subsidized Loan Limit Time Limitation (150% rule)

First-time borrowers (those who have no principal or interest balance on any Direct or FFEL Loan on the date they receive a Direct Loan on or after July 1, 2013) may not receive Direct Subsidized Loans for a period that exceeds 150% of the published length of the academic program in which they are currently enrolled (including all past subsidized loans the student has received).

New Loan Length Restrictions

Beginning July 1st, 2013, the length of time students will have access to Subsidized Stafford Loans is limited for new borrowers. Students cannot borrow more than 150% of their program length. For example, students who enroll in a two-year degree program, you can only borrow loans for three years total. After that, students may only borrow Unsubsidized Loans. For more information, click here.

Graduating or Leaving GTCC?

All students who receive a student loan at GTCC must complete Exit Counseling when they drop below half time, graduate or leave the college due to withdrawal. Students who leave GTCC without completing exit counseling are at a much higher risk of defaulting on their loans.  Be in the know about your loans and complete Exit Counseling!

Click here to complete the requirement online.

LOAN REPAYMENT and What Can I Afford?

If you have received a student loan while in school, you will go into repayment on that loan at some point. Click on the link below to learn more about loan repayment.

Loan Repayment Plans

What Loan Payments Can I Afford?

How do I decide what the right loan amount might be?  Try CFNC Smart Calculator.

Loan Questions

If you have any questions about your current or previous loans (your responsibilities, regulations, payment options, complaints, etc.) you may contact us or your lender.

In case of a dispute, contact the Department of Education’s Loan Ombudsman as a last resort.

Applying for a PRIVATE Education Student LOAN

These videos can provide some clarification on how you can use a private loan to help pay for your classes.

If you are applying for a Private Education Loan you will need to submit the form below to the Financial Aid Office.


You may be eligible for an advance of your loan disbursement, up to $250 per academic year. For a detailed explanation of GTCC’s Emergency Student Loan Program, click here.