Low-interest loans are available through the William D. Ford Direct Loan Program. Under the Direct Loan Program, the funds for your federal loans will come directly from the U.S. Department of Education.
If you demonstrate financial need, you may be eligible for a subsidized Stafford loan where the federal government covers interest payments until repayment of the loan begins and during any deferment periods.
For students whose FAFSA does not demonstrate sufficient financial need. This can also be used to supplement a subsidized Stafford loan. The borrower pays the interest.
For parents of an eligible dependent undergraduate student. The borrower must be credit worthy or obtain a credit worthy endorser. The parent pays the interest. The FAFSA is not required.
To assure the integrity of the student loan program, MCC employees agree to uphold the principles outlined in our Financial Aid Code of Conduct.