Student Loan Programs

Yavapai College participates in a variety of educational loan programs, with funding provided by the Department of Education.

Direct Subsidized 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. Must complete and sign an MPN and participate in loan counseling.
• Interest/Repayment: Fixed interest rates at 3.4% for new loans after 7/01/11. Payment of principle and interest deferred while student is continuously enrolled at least 6 credit hours.

Direct 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. Must complete and sign a Master Promissory Note.
• Interest/Repayment: Fixed interest rate at 8.5%. More information is available at www.studentloans.gov.

Steps for applying for a Direct Student Loan:

1. Complete the FAFSA at www.fafsa.ed.gov and submit any required documents to the financial aid office
2. Previous borrowers: Review your current loan history at www.studentloans.gov. Borrow wisely!
3. Complete Direct Loan Entrance Counseling at www.studentloans.gov.
4. Complete and submit a Direct Loan Request Form to the financial aid office(available in your portal under general financial aid link).
5. Complete you Direct Loan Master Promissory Note (MPN) at www.studentloans.gov. In order to sign your MPN you will need your FAFSA PIN. If you need to request a duplicate PIN, you can do so at www.pin.ed.gov.