Federal Direct Loan Programs

Valencia students are eligible to participate in the Federal Direct Student Loan Programs. There are three programs: the Subsidized Federal Loan, the Unsubsidized Federal Loan, and the Parent Loan for Undergraduate Students (PLUS).

Applicants must first apply for grants by completing the Free Application for Federal Student Aid (FAFSA).

A Master Promissory Note is required for first time direct loan borrowers at Valencia.

First time borrowers at Valencia must complete an Entrance Counseling Program. Visit http://valenciacollege.edu/finaid for additional information.

To receive any loan, you must enroll in at least six credits each term that count toward your degree.

Subsidized Federal Loan

This loan requires unmet financial need. The student must first apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). The federal government will pay the interest while you are enrolled in school. Interest will begin to accrue when you graduate or stop attending at least half-time, and you must begin repaying the loan, plus interest, six months after you leave school or drop to less than half-time status. You must be enrolled in at least six credits per term. Loan limits can be found at valenciacollege.edu/finaid/programs/limitsagginfo.cfm.

Unsubsidized Federal Loan

This loan does NOT require financial need; however, you must first apply for need-based financial aid by completing the Free Application for Federal Student Aid (FAFSA). Interest will accrue at a fixed rate on this loan while you are in school. You must begin repaying the loan, as well as accrued interest and current interest, six months after you leave school or drop to less than half-time status. You must be enrolled in a minimum of six credits per term. Loan limits can be found at valenciacollege.edu/finaid/programs/limitsagginfo.cfm.

Parent Loan for Undergraduate Dependent Students (PLUS)

Parents of dependent students may borrow on behalf of their children. Income is not a factor, but the borrower cannot have adverse credit. The student must first apply for other types of financial aid by completing the Free Application for Federal Student Aid (FAFSA). Loan amounts must not exceed the cost of education less other financial aid. Parent loans must be repaid over a 10-year period with a fixed interest rate beginning 60 days after disbursement. Parents must submit a Parent Loan Request to the Answer Center or complete the online request once the FAFSA has been received.

How do I apply for a Federal Direct Loan?

You must first establish your eligibility for grants by completing all application steps listed earlier in this section.

A promissory note is required. Instructions and forms are available at valenciacollege.edu/finaid.