Glen Oaks Community College

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Stafford Loan (unsubsidized)


Federal Direct Stafford Loan (subsidized)

Students accepting Direct Loan funds for the first time must complete an online Direct Loan Master Promissory Note before receiving their loan funds.

First-time borrowers who are first-year college students must also complete Direct Loan entrance counseling.


  • Federally funded
  • Existing Direct Loans can be consolidated.


  • Need-based (Cost of Attendance minus EFC minus other aid)
  • Enrolled at least half-time in a degree or certificate program


  • Repayment of principle is deferred and there is no interest while enrolled at least half-time.
  • Limited deferment provisions; see the Repaying Your Student Loans and the Dept. of Education website (information specifically for teachers)