Direct Loans

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A Ford Direct Loan can help pay for current or anticipated educational costs per academic year. Applications will be accepted up to two weeks prior to end of each quarter.

How To Apply:

    1. Complete the FAFSA and have a complete financial aid file at BBCC.
    2. Log in to Federal Student Aid with your FSA ID (Chrome or Firefox recommended) and hover over Complete Aid Process.

      • First-time borrowers: Complete Entrance Counseling, then Master Promissory Note.

      • Returning borrowers: Complete Annual Student Acknowledgement, then Master Promissory Note.
    3. Complete the Direct Loan Request for the academic year you wish to receive the loan and submit it to the BBCC Financial Aid Office. You may mail, email, bring in, or fax (1.888.820.2896) the form to our office.

      2019-20 Academic Year (July 2019 – June 2020) Request form (Word) (PDF)
      2020-21 Academic Year (July 2020 – June 2021) Request form (Word) (PDF)

Once all of the above items have been completed, BBCC will then certify your eligibility for a Direct Loan. If you have any problems or questions, please call the BBCC Financial Aid Office at 509.793.2061.

Big Bend’s current Default rate is 18.6%

The Direct Loan Program

The Direct Loan Program offers two types of low-interest, variable-rate loans for student borrowers: subsidized loans and unsubsidized loans. Both have a variable interest rate, adjusted annually, with a cap of 8.25 percent.

Subsidized Direct Loan

With a subsidized Direct Loan, the government makes the interest payments on your loan at certain times, such as while you’re in school or in deferment. To qualify for a subsidized loan, you must demonstrate financial need on your Free Application for Federal Student Aid (FAFSA). Financial need is determined by taking into account your family’s earnings, assets and expenses. The results reveal how much you and your family must contribute toward your education costs and your need for financial aid.

Unsubsidized Direct Loan

With an Unsubsidized Direct Loan, you’re always responsible for interest payments, even while you are in school. You can either make interest payments or postpone them. If you postpone interest payments, the lender will add the accrued interest to your principal balance. This is known as capitalization. Capitalization increases the total amount you will repay, so it benefits you to make interest payments to keep the balance down. Financial need is not required to qualify for an Unsubsidized Direct Loan, but the costs of your education must exceed any other financial aid you have been awarded.

Borrowing Limits

The federal government limits the maximum amount you can borrow annually. The BBCC Financial Aid Office determines how much of the maximum you are eligible to borrow each year.

Keep in mind that you may be repaying your Direct Loan for as long as 10 years—more under loan consolidation options. The more you borrow, the higher your monthly payments will be. Don’t borrow more than you need. The size of your monthly payments may make the difference between manageable and unmanageable debt in your future.

Loan Limits Chart


Sub &/or Unsub


Sub & Unsub + Add’l Unsub

First Year
(0-45 credits completed)

  $3,500 + $2,000 = $5,500   $3,500 + $6,000 = $9,500

Second Year
(45+ credits completed)

  $4,500 + $2,000 = $6,500   $4,500 + $6,000 = $10,500


  $23,000 + $8,000=$31,000   $23,000 + $34,500=$57,500


Disbursement for the Direct Loan Program

If a student is in the first year of undergraduate study and is a first-time Direct Loan borrower, Big Bend Community College may not disburse the first installment of the Direct Loan until 30 calendar days after the student’s program of study begins.

If there is more than one quarter in the loan period, the loan must be disbursed in substantially equal disbursements over the loan period.

When a Direct Loan is made for one quarter, the loan must be disbursed in two installments. The second installment may not be disbursed until the student has successfully completed half of the instructional time in the quarter.

Student Loan Questions?

If you have a student loan issue to resolve, first contact your Financial Aid Office, servicer or guarantor. If these organizations are unable to help you, contact the Department of Education’s Federal Student Aid (FSA) Ombudsman at 877.557.2575. The Ombudsman is a neutral independent office that works with student borrowers to help resolve student loan problems.

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