Federal Direct Loans

Financial aid image collection students, galveston beach, and nursing students

Federal Direct Subsidized Stafford Loans

Direct Subsidized Stafford Loans are low-interest loans for financially needy undergraduate or graduate students. Interest does not accrue while the student is in school and during certain periods. You must have financial need to receive Direct Subsidized Loans.

Federal Direct Unsubsidized Stafford Loans

Direct Unsubsidized Stafford loans are low-interest loans for undergraduate and graduate students. Students are responsible for the interest for the life of the loan, including when they are in school. Financial need is not a requirement to obtain a Direct Unsubsidized Loan.

Students wishing to apply for a Federal Stafford Loan must meet Galveston College’s Default Prevention Program guidelines:

  • Must be enrolled at least half time (6 credit hours)
  • Must be making Satisfactory Academic Progress   (must maintain a 2.0 GPA)
  • Be a regular student enrolled Galveston College student pursuing an associate degree or certificate
  • Not currently in default on any previous Federal student loans

Submitting an Application

The Free Application for Federal Student Aid (FAFSA) and other forms required must be complete and submitted to the Financial Aid Office before any loans are certified by our office. All loan applicants must attend an Entrance Loan Counseling Session (See available dates in the Financial Aid Office) before submitting a loan application.

Borrowers must complete an Exit Counseling Interview if they:

  • Fall below half-time (6 credit hours)
  • Have totally withdrawn from the institution
  • Graduated as a student from Galveston College

Loans will be released in two or more disbursements. No check will be released prior to the census date. First-time borrower’s loans will not be disbursed to Galveston College until 30 days after the first day of class. According to Federal guidelines, Galveston College has 14 business days to distribute refund checks to the student from the disbursement date.

Only hours competed at Galveston College will be taken in to consideration to determine loan eligibility.  The lender will notify you when the loan application is processed and provide the scheduled disbursement dates. The disbursement date is the date the lender is scheduled to send the funds to Galveston College. Funds are not released until eligibility is confirmed.

Loan Entrance Counseling Sessions

All Loan Entrance Counseling Sessions will be conducted in R-359.

Wednesday, September 19, 2018 @ 2:00pm

Wednesday, October 3, 2018 @ 11:00am

Thursday, October 11, 2018 @ 2:00pm

Wednesday, November 7, 2018 @ 11:00am

Tuesday, November 20, 2018 @ 1:00pm

Tuesday, December 4, 2018 @ 6:00pm

Wednesday, January 9, 2019 @ 11:00am

Monday, January 28, 2019 @ 6:00pm

Wednesday, February 6, 2019 @ 2:00pm

Tuesday, February 19, 2019 @ 6:00pm

Wednesday, March 6, 2019 @ 11:00am

Tuesday, March 26, 2019 @ 6:00pm

Wednesday, April 24, 2019 @ 1:00pm

Tuesday, May 14, 2019 @ 6:00pm

Please have your FSA ID and Password. THERE WILL ONLY BE ROOM FOR 30 STUDENTS PER SESSION! PLEASE SIGN UP AT THE FINANCIAL AID OFFICE by phone at 409-944-1235 or email at finaid@gc.edu.