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Baton Rouge Community College (BRCC) is participating in the William D. Ford Federal Direct Loan Program beginning Fall of 2009. Students borrow directly from the federal government.
No separate application from a bank or other lender is needed to receive Direct Staff ord Loans. Please disregard any separate correspondence you receive to apply for Stafford Loans.
Direct Subsidized
  • Must be repaid
  • Interest rate fixed not to exceed 5.6%
  • Interest is paid by the federal government while the student is in school
  • Online Entrance Counseling is required (during application process)
  • Online Exit Counseling is required (completed by term prior to graduation, or if you leave, or withdraw from school)
  • Payments start 6 months after you leave, or graduate from your program, or fall below half-time status (6 credit hours)
  • 1.5 % Origination Loan Fee does apply
  • 1.0% Rebate Incentive applied at the beginning of the Loan
  • Must have a financial need
  • Amount to be determined by dependency status and grade level
  • Direct Unsubsidized
Must be repaid
  • Interest rate fixed not to exceed 6.8%
  • Interest accrues while the student is in school
  • Online Entrance Counseling is required (during application process)
  • Online Exit Counseling is required (completed by term prior to graduation, or if you leave, or withdraw from school)
  • Payments start 6 months after you leave or graduate from your program, or fall below half-time status (6 credit hours)
  • Dependent students must be denied for the PLUS loan to be eligible for additional funds.
  • 1.5 % Origination Loan Fee does apply
  • 1.0% Rebate Incentive
  • Financial need not required
  • Amount to be determined by dependency status and grade level
Direct Parent PLUS
  • Must be repaid
  • Available to parents of dependent undergraduates
  • Interest rate of 7.9% fixed
  • Origination Loan fees totaling 4.00%
  • 1.5% Rebate Incentive applied at the beginning of the Loan
  • Online Entrance Plus Counseling is required (during application process)
  • Online Exit Plus Counseling is required (completed by term prior to the student’s graduation or if he/ she leaves, or withdraws from school)
  • Borrower has the option to start repayment 60 days after the loan is fully disbursed OR
  • 6 months after the student has completed the program or falls below half-time status (6 credit hours)
  • Subject to a credit check
  • Student’s Cost of Attendance
  • -Other aid student receives
  • Maximum loan amount
Applying for a Federal Direct Loan
When you complete the Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA, you are applying for all of the aid programs for which you may be eligible, including direct loans.
If a Federal Direct Stafford Loan (subsidized or unsubsidized) has been offered to you as part of your aid package, it will appear on your financial aid award letter. You can accept, decline, or reduce the amount of the loan offered to you.
Click here for Federal Direct Loan FAQ's