Student Loan Programs

Student Loan Programs for YC Students

Yavapai College participates in a variety of educational loan programs, with funding provided by federal, and private lenders.

All students who choose to take out a student loan to assist with educationally related expenses MUST complete entrance and exit counseling to receive detailed information concerning the repayment provisions of their specific loan.

FFELP Subsidized Stafford Student Loan

• Amount: Maximum $3,500 for first year of undergraduate study, $4,500 for the second year when 32 credits have been completed and student is graduating with the academic year. Individual amounts are based on financial need.
• Eligibility: FAFSA required. Applicants must demonstrate financial need. A separate loan application is required.
• Interest/Repayment: Fixed interest rates at 6.8% for new loans after 7/01/06. Payment of principle and interest deferred while student is continuously enrolled at least 6 credit hours.
• Important Information about the FFELP Subsidized Stafford Student Loan. Click here.

FFELP Unsubsidized Stafford Loan

• Amount: For dependent students, loan limits are the same as Federal Subsidized Stafford Loan. For independent students, (see Financial Aid Office for details) an additional $4,000 may be added. Individual amounts are determined by the Financial Aid Office.
• Eligibility: FAFSA required, but financial need not required.
• Interest/Repayment: Fixed interest rate at 6.8% for new loans after 7/01/06. Principle payment is deferred while student is continuously enrolled at least 6 credit hours. Student is responsible for accrued interest.
• Important Information about the FFELP Unsubsidized Stafford Student Loan. Click here.

Federal Perkins Loan

• Amount: Up to a maximum of $3,000 per year. Limited funding available.
• Eligibility: FAFSA required. Student applicants must demonstrate financial need. No separate application required; however a promissory note and accompanying documents must be completed.
• Interest/Repayment: 5% fixed simple interest. Payment of principle and interest is deferred while student is continuously enrolled in at least 6 credit hours.
• For additional information, contact your financial aid advisor.

Federal Parent Loan for Undergraduate Students

• Amount: Estimated cost of education, as determined by Yavapai College, minus other aid.
• Eligibility: Parents of dependent students. Based on positive credit rating.
• Interest/Repayment: Fixed interest rate at 8.5%. More information is available at www.finaid.org.