Direct Loans
Effective Fall 2010 semester, Atlanta Metropolitan College will be participating in the William D. Ford Federal Direct Loan Program:
Click on the following link to read more about Direct Loans www.studentloans.gov.
Loan Limits for Stafford (subsidized and unsubsidized) Loans
Students may receive up to the following subsidized loan amounts:
- Freshman- $3500.00 (has earned 0-29 credit hours)
- Sophomore- $4500.00 (earned at least 30 credit hours)
In addition, students may receive an Unsubsidized Stafford Loan. Students may choose to pay the interest or request to have interest and principal deferred until the student is no longer enrolled in school or ceases to attend on a half-time basis (six credit hours).
Students may receive up to the following unsubsidized loan amounts:
Dependent Student:
Freshman- $2000.00
Sophomore- $2000.00
Independent Student:
Freshman- $6000.00
Sophomore- $6000.00
Stafford Loan recipients, Subsidized and Unsubsidized, are required to complete Entrance Loan Counseling. Students are required to do loan counseling online at: www.studentloan.gov
Loan funds are sent to Atlanta Metropolitan College electronically and then disbursed to a student’s account. Federal PLUS Loans are available to parents of dependent students who are enrolled on at least a half-time basis. The parent is the borrower and must be:
- Be a U.S. citizen or eligible non-citizen.
- Have a valid Social Security number.
- Not in default on federal student loan.
- Pass a credit check.
The Financial Aid Office will assist parents in determining the amount of PLUS Loan that they can borrow.
Direct Loan Forms: