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.

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 an 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
  • Be a regularly enrolled Galveston College student pursuing an associate degree or certificate
  • Not currently in default on any previous Federal student loans

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  • Have totally withdrawn from the institution 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 for summer 2015:

Monday April 20th @6pm

Wednesday May 6th @11a 

Thursday May 21st @2p 

Monday June 1st @5p 

Thursday June 11th @4p 

Tuesday June 23rd @11a 

Wednesday July 8th @6p 

Wednesday July 29th @2p

loan entrance counseling sessions for Fall 2015:

Monday August 3rd @2pm

Tuesday August 18th @6pm

Wednesday August 26th @11am

Thursday September 3rd @2pm

Tuesday September 8th @6pm

Wednesday September 23rd @11am

Tuesday October 13th @6pm

Wednesday October 28th @11am

Wednesday November 4th @2pm

Tuesday November 17th @6pm

All sessions will be held in room M-220.

 ** There will only be room for 50 students per session.** 
You must sign up with the financial aid office OR call 409-944-1235.
Updated 3/4/2015 - Content Author mnash