Catawba Valley Community College participates in the William D. Ford Federal Direct Loan Program. Direct loans are considered by many to be the most cost effective way of delivering educational loans to students and parents. The following should offer some guidance for students and parents when borrowing either student and/or parent loans. For frequently asked questions, visit the Federal Student Aid website.
How do I apply for a Direct Loan?
How do I apply for a Direct PLUS Loan?
Alternative educational loans are private loans (non-federal) offered through banks to supplement financial aid awards. CVCC is required to certify these loans to ensure that the loan amount does not exceed the cost of attendance less all other financial aid. Most alternative loans are disbursed equally into student accounts according to enrollment plans. If you decide that an alternative loan is right for you, you may borrow from any lender that you choose. When choosing a lender for an alternative loan, we encourage you to consider the following factors:
For more information, please contact the Office of Scholarships and Financial Aid.
DISCLAIMER: CVCC does not maintain a preferred lender list. The College does not have any agreements or relationships with any lenders and does not receive any benefit, financial or otherwise, from the use of alternative loans by students.
If you apply for an alternative loan, the lender is required to obtain a signed self-certification form from you. The self-certification form is intended to promote “informed borrowing” by educating borrowers about financial aid availability and encouraging them to seek advice from the financial aid office about other forms of aid before taking out a private education loan.
For assistance with completing the self-certification forms, please contact the Office of Scholarships and Financial Aid at 828-327-7000, extension 4860 or by email at email@example.com.
Federal Direct Student or Parent PLUS loan(s) will be disbursed in three disbursements for the Fall and Spring Semesters. The first disbursement will consist of 50% of the semester’s loan amount and 25% for the second and third disbursements. There will be two disbursements for the Summer Semester both consisting of 50% of the semester’s loan amount.