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Federal Direct Loans

Federal Direct Stafford Loans (Subsidized and Unsubsidized)


Atlanta Technical College participates in the William D. Ford Direct Loan Program (Direct Loans). Federal loans are borrowed funds that you must repay with interest. Federal student loans allows students and their parents to borrow money to help pay for college through loan programs supported by the federal government. They have low interest rates and offer flexible repayment terms, benefits, and options.

Effective Fall 2016: All Federal Direct Loans will be disbursed in (2) equal payments each semester for students who are registered in Term 1 and/or Term 2 courses. After the disbursement has occurred, Atlanta Technical College Fiscal Affairs Office has up to 14 business days to issue refunds.

Basic Eligibility Requirements:

  • Must be enrolled in a Title IV eligible program. Click HERE for a list of eligible programs.
  • Must be enrolled in at least 6 credit hours each semester.
  • Must accept Federal Direct Loan award(s) in BannerWeb. Click HERE for instructions on how to accept/decline loan awards.
  • Must log onto www.studentaid.gov to complete the Master Promissory Note and Entrance Counseling requirements.
Atlanta Technical College Cohort Default Rate

A cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Please see the Cohort Default Rate comparison below:

  • FY2017 National Cohort Default Rate: 9.7 Percent
  • FY2017 Atlanta Technical College Cohort Default Rate: 12.6 Percent

Spring 2021 Disbursement Schedule


All first-year, first-time undergraduate borrowers are required to wait 30 days after the first day of your enrollment period (semester, trimester, etc.) for your first disbursement (Refunds will be issued 14 business days after disbursement date).

  • Disbursement 1:
    January 20, 2021
  • Disbursement 2:
    February 1, 2021
  • First-year, First Time Borrowers:
    February 4, 2021

Responsible Loan Borrowing

Direct Subsidized Loan

Direct Subsidized Loans are for undergraduate students only effective July 1, 2012 with financial need. Students are not charged interest while enrolled at least half-time and during grace periods and deferment periods. After graduation, leave school, or drop below half-time enrollment, students have a period of time before beginning repayment. This “grace period” will be Six months for both loans.


Direct Unsubsidized Loan

Direct Unsubsidized loans are for graduate and undergraduate students. Students are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Interest accrues (accumulates) on an unsubsidized loan from the time it’s first paid out. Students can pay the interest while enrolled and during grace periods and deferment or forbearance periods, or students can allow it to accrue and be capitalized (that is, added to the principal amount of your loan). If students choose not to pay the interest as it accrues, this will increase the total amount required to repay because students will be charged interest on a higher principal amount. After graduation, leave school, or drop below half-time enrollment, students will have a period of time before repayment. This “grace period” will be Six months for both loans.


Loan Entrance Counseling

All students taking out Federal Direct Subsidized loans or Federal Direct Unsubsidized loans and have not previously received a Subsidized or Unsubsidized loan under the Federal Direct Loan program or a Subsidized or Unsubsidized Stafford Loan under the Federal Family Education (FFEL) Program are required to complete the Entrance Loan Counseling.

Upon completing the FAFSA, students who qualify are automatically offered Federal Direct Subsidized and/or Unsubsidized loans. All first time borrowers must log onto BannerWeb to accept their awarded loan amount and complete both Loan Entrance Counseling and Master Promissory Note requirements. Both requirements must be completed by logging onto studentloans.gov.


Exit Loan Counseling

Exit counseling is required by federal law for all students who received federally funded student loans. The counseling session provides loan repayment, grace period, billing options, collects updated borrower information and provides your rights and responsibilities as a loan recipient. If you borrow federal student loan funds and you withdraw, stop attending school, or are enrolled in less than 1/2 time (0<6 credit hours) you are required to complete the exit counseling session. The exit counseling requirement must be completed by logging onto studentloans.gov.

To complete the exit counseling you will need:

  • Established FSA ID username and password (Same information used to digitally sign the FAFSA)
  • Social Security Number
  • Date of Birth
  • Driver’s license number
  • Permanent email address
  • Names, addresses, telephone numbers of 3 references

As an undergraduate student, how much can I borrow each year?
Year Dependent Students Independent Students
First-year undergraduate annual loan limit $5,500—No more than $3,500 of this amount may be in subsidized loans $9,500—No more than $3,500 of this amount may be in subsidized loans.
Second-year undergraduate annual loan limit $6,500—No more than $4,500 of this amount may be in subsidized loans. $10,500—No more than $4,500 of this amount may be in subsidized loans.
Subsidized and unsubsidized aggregate loan limit $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.
What are the Interest rates for Federal Student loans?

The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. The table below provides interest rates for Direct Loans first disbursed on or after July 1, 2020.



*Interest Rates for Direct Loans First Disbursed on or After July 1, 2020 and Origination Fees

Loan type Borrower Type Loans first disbursed on or
after 7/1/2020 and before 7/1/2021
Direct Subsidized Loans Undergraduate 2.75%
Direct Unsubsidized Loans Undergraduate 2.75%

All interest rates shown in the chart above are fixed rates for the life of the loan.
Note: The interest rates for federal student loans are determined by federal law. If there are future changes to federal law that affect federal student loan interest rates, FA office will update this page to reflect those changes.




*Loan Origination Fees for Direct Subsidized Loans and Direct Unsubsidized Loans (Effective October 1, 2020). Loans first disbursed prior to Oct. 1, 2020 have different loan fees. Please contact the Department of Education for additional information – Call:
800.433.3243.

First disbursement date Loan fee
On or after Oct. 1, 2019, and before Oct. 1, 2020 1.059%
On or after Oct. 1, 2020, and before Oct. 1, 2020 1.057%

As set forth in its student catalog, Atlanta Technical College does not discriminate on the basis of race, color, creed, national or ethnic origin, sex, religion, disability, age, political affiliation or belief, genetic information, veteran status, or citizenship status (except in those special circumstances permitted or mandated by law). For further information regarding these laws (Title VI and IX) contact Mattie Goss, Director of Student Services, Academic and Student Affairs Division, Atlanta Technical College, Academic Building, C1111B, 404.225.4446. Email: mgoss@atlantatech.edu.

To request reasonable accommodations upon enrollment (Section 504/ADA), contact Mattie Goss, Director of Student Services, Atlanta Technical College, Academic and Student Affairs Division, Academic Building, C1111B, 404.225.4446. Email: mgoss@atlantatech.edu.

Faculty and staff with questions about equity or reasonable accommodations should contact Human Resources, Cleveland Dennard Building, suite B-180A, Atlanta Technical College, 1560 Metropolitan Parkway, SW, Atlanta, GA 30310. 404.225.4446. Email: mgoss@atlantatech.edu.

 

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