Loans are available to students who need financial assistance to further their studies.  Loans must be repaid.  Student Financial Services participates in several federal loan programs at BCC. To apply for any loan (including an alternative loan), you must complete the FAFSA on the web application . Take the online Loan Counseling (Entrance & Exit) and fill out  the Loan Request and Acceptance Form which is available on-line at: Forms.  Please submit all loan forms through the Campus Student Financial Services Office.

Eligibility: You must be registered for at least (6) credit hours for each semester a loan is requested.

Federal Stafford Loans

Federal Stafford Loans are government regulated based on financial need. Students may borrow while in school and begin repayment six months after leaving, graduating, or enrollment is less than 6 credits.

Federal Stafford Loans

Subsidized Loan: A loan based on financial need.  The federal government pays the interest on the loans while you are in school at least half time, during your grace period, and during authorized periods of deferment.

Unsubsidized Loan: A loan that is not need-based. You are responsible for the interest that accrues from the date of your first disbursement forward. Interest can be paid while you are in school or it can be postponed until you enter repayment. If you postpone paying interest, it will be capitalized or added to your principal amount, increasing the balance on which interest accrues daily.

Federal PLUS Loans

PLUS (Parent Loan for Undergraduate Students) loans are also available to parents of dependent students. Parents may be eligible to borrow up to the total cost of attendance less all financial aid received. Parents are eligible for the PLUS if they meet the minimum government credit requirements. Parents begin repayment 30 days after the final disbursement for the academic year. The PLUS is based on a ten-year repayment plan with no prepayment penalties.

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