Loans | Northcentral Technical College
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Student loans, unlike grants and work-study, are borrowed money that must be repaid with interest. Students may be eligible for Federal Direct Loans if enrolled in a minimum of 6 credits.  Please note that these loans may not be canceled because you didn't get a job in your field of study or because you are having financial difficulty. Loans are legal obligations, so before you take out a student loan think about the amount that you will have to repay in the years after graduation.

There are several loan types available to you:

Requesting Additional Loans

Students may request additional loan funds by completing the Additional Loan Request form .  If you request more than your eligibility allows, the loan will be certified to your maximum eligibility.

Lifetime (Aggregate) Loan Limits

There is a maximum lifetime limit that a student can borrow in Direct federal student loans. This is called the Aggregate Loan Limit. Once a student reaches these loan limits, he/she cannot borrow Direct federal student loans until the loans are paid down. See chart below for the undergraduate lifetime limits.



$31,000 - No more than $23,000 of this amount may be in subsidized loans.


$57,500 for undergraduates - No more than $23,000 of this amount may be in subsidized loans.


Repaying Loans


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