Student Loans
To apply for a federal student loan you must first complete and submit a Free Application for Federal StudentAid (FAFSA). Based on the results of your FAFSA form will determine your eligibility for a federal student loan and determine if it will be a Subsidized Stafford Loan or an Unsubsidized Stafford Loan. You will also be required to submit a Student loan Request Form to the Financial Aid Office. Students that enroll in less than 12 hours in a semester will have their loans prorated. Loan amounts will be prorated each semester based on the actual hours the student enrolls in for each semester.
Before you receive your loan funds you will be required to complete entrance loan counseling, financial awareness counseling, student loan acknowledgment, and sign a Master Promissory Note, agreeing to the terms of the loan.
All loans will come in two disbursements unless there is less than 30 days remaining in the award period.
Awards are available to students enrolled at least ½ time (minimum of 6 hours) with established financial need as determined by submission of a Free Application for Student Financial Aid (FAFSA). Award amounts are determined by federal regulations. Repayment and accrual of interest begins 6 months after ceasing to attend at least ½ time. The government pays the loan interest while the student is enrolled at least ½ time.
- Note: Due to federal law, funds for first-time borrowers at Ranger College may not be disbursed until 31 days after the beginning of the semester.
- Students must be enrolled at the time funds are disbursed.
Awards are available to students enrolled at least ½ time regardless of financial need. Maximum eligible amounts include awards for the same period through the Subsidized Stafford Loan program and are determined by federal regulations. Interest accrual begins at the time loan funds are received.
- Note: Due to federal law, funds for first-time borrowers at Ranger College may not be disbursed until 31 days after the beginning of the semester.
- Students must be enrolled at the time funds are disbursed.
Funds are available to parents of dependent students that are enrolled at least ½ time regardless of financial need. Borrowers must be US citizens or permanent residents. Parents may borrow up to the cost of attendance minus other aid received by the student. Interest accrues upon receipt of loan funds. Repayment begins within 60 days of receipt of full disbursement of funds.
- Students must be enrolled at the time funds are disbursed.