Applying for a Federal Direct Loan
If after talking with the financial aid counselor at your academic center you determine you will need to borrow a Federal Direct Student or Parent Loan to cover your tuition and fees, or to help cover some of your living expenses, please read this additional information on how to apply.
Since loans and their interest must be repaid, it is best to only borrow the smallest amount needed to meet your educational expenses.
Already have a recent Direct Loan? Simply talk with your financial aid counselor about the amount you will need for the upcoming semesters.
Never borrowed a Direct Loan? In addition to talking with the financial aid counselor, please complete the Direct Student Loan Master Promissory Note and Entrance Counseling, selecting the Community College of Vermont as the college you are attending. Please see our instruction sheet on how to complete both the Master Promissory Note and Entrance Counseling.
Keep Tabs on Your Borrowing
An important part of being a student loan borrower is being a responsible borrower, knowing how much you have borrowed, which company (called "servicer") is holding your loan (and where you will ultimately be repaying), what your monthly repayment amount will be, and very important what your repayment options are, especially if you have any financial difficulties.
The Federal Department of Education hosts a service called the National Student Loan Data System for Students that will show your total student loan debt and which companies hold your loans so you can make sure you know who to contact about your student loans.
Average Loan Amounts of CCV Graduates
What if I can't pay? Ignore it?
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