Federal Stafford Direct Loan Information
Almost all students qualify for loans, no matter how high their family income may be. The U.S. Department of Education provides the lowest interest loans, which are called Federal Direct Loans. Student usually qualify for a loan if enrolled for at least six (6) credit hours in a program that is eligible for federal financial aid and meets WGTC's Financial Aid Satisfactory Academic Progress (SAP).
Taking out a loan is a serious commitment. Students must sign a legal contract called the Master Promissory Note (MPN) that gives certain rights and responsibilities. Please view the following William D. Ford Federal Direct Loan Program document: Borrower’s Right and Responsibilities for more information.
Direct Loans are meant to help pay for your education. If you are interested in a student loan you must complete the following:
FAFSA Application
Loan Request Form
Master Promissory Application
Entrance Counseling
What You Can Use the Money For
If you receive a federal loan, you can only use it to pay for educational expenses at WGTC. These include:
Tuition and fees
Books, supplies, and equipment
The rental or purchase of a personal computer
Room and board
Dependent child care expenses
Transportation
Miscellaneous expenses