Federal Direct Loans

These loans are available if you need financial assistance and are attending Dutchess Community College at least half-time (six credits or more per semester).

First-year students may be eligible to borrow up to $3,500 per academic year.

Students who have completed at least 30 credit hours may be eligible to borrow up to $4,500 per academic year.

Dependent students may be eligible to borrow an additional $2,000.

Independent students may be eligible to borrow an additional $6,000.

Direct Loans can be a mix of subsidized and unsubsidized funds. (see below) 

To apply, you will need to complete your FAFSA listing the college code 002864. An origination fee will be deducted from your loan amount. Loans are disbursed in two separate payments over the loan period. You must begin repayment six months after termination of study or if you drop below six credits. You will need to complete a promissory note online, and first-time borrowers must complete online entrance counseling. [See videos here.]

Federal Direct Subsidized Loans

Direct Subsidized Loans are for students with financial need. The Office of Financial Aid will review the results of your Free Application for Federal Student Aid (FAFSA) and determine the amount you can borrow. You are not charged interest while you're in school at least half-time and during grace periods and deferment periods.

Federal Direct Unsubsidized Loans

You are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Like subsidized loans, the Office of Financial Aid will determine the amount you can borrow. Interest accrues (accumulates) on an unsubsidized loan from the time it's first disbursed. You can pay the interest while you are in school and during grace periods and deferment and forbearance periods, or you can allow it to accrue and be capitalized (that is added to the principal amount of your loan). If you choose not to pay the interest as it accrues, this will increase the total amount that you have to repay because you will be charged interest on a higher principal amount.

Federal PLUS Loan

The Federal Direct Parent Loan for Undergraduate Students (PLUS) is available from the federal government to assist parents in meeting the cost of their child's education. An origination fee  is deducted from the total loan proceeds. These loans are made to parents of dependent undergraduate students who are registered at least half time (six credits or more) who are matriculated in a degree or certificate program.

The standard repayment plan begins 60 days after the last disbursement (for example: after the Spring disbursement for a Fall/Spring loan). For additional repayment options, including deferring repayment until after the student graduates or drop below 6 credits, parents may contact the loan servicer.

Eligibility is determined by the Office of Financial Aid, and the amount borrowed may not exceed the cost of attendance less any other financial aid the student is eligible to receive.

To borrow a PLUS loan for a student, the parent must be the student's biological or adoptive mother or father. A stepparent is also eligible to borrow a PLUS loan if his/her income and assets were reported on the FAFSA. A legal guardian is not considered a parent for financial aid purposes. The Federal Direct Loan Servicer will complete a credit check on the parent borrower prior to approval. Parent borrows who are denied the loan based on the credit check will have the option to appeal the decision or the student may be eligible for additional unsubsidized loan funds.

Step 1.  Students and parents must first complete the Free Application for Federal Student Aid (FAFSA) by using “FAFSA on the Web” at www.fafsa.ed.gov. Once the FAFSA has been completed, you may apply for the Federal Direct Parent Loan (PLUS) as follows:

Step 2.  To apply for a PLUS loan, parents must go to the StudentLoans.gov web site. Once there, a parent will need to "Sign In" to the site using their FSA ID. When signed in to the site, the parent will then select "Start PLUS Application Process".

Step 3.  First-time parent borrowers must also complete and sign a Federal Direct PLUS Loan Master Promissory Note (MPN). If you have already signed a Federal Direct PLUS MPN previously for DCC or another Federal Direct Loan college (online or paper), you do not need to complete a new PLUS MPN. A Federal Direct PLUS MPN can be completed at the StudentLoans.gov web site.