The following HACC services will be unavailable from 12:01 a.m. June 30 to 12:01 a.m. July 2, 2025, due to fiscal year end closing: registration, add/ drop, admissions, transcripts, grading and online account payment.
Learn more about federal loans.
What is a Federal Direct Loan?
The Direct Loan program offers three low interest loans to students and parents to help offset educational costs. They are:
All have fixed interest rates for one year (July 1-June 30) and students must meet general eligibility requirements, enrollment levels and satisfactory academic progress in order to be considered for each. The Financial Aid Office will determine the type and amount of loan you receive.
To qualify for Federal loans, students must complete the Free Application for Federal Student Aid (FAFSA) and meet other eligibility criteria outlined by the Department of Education. In addition, first time borrowers must complete Entrance Counseling (EC) and a Master Promissory Note (MPN). All HACC students who are awarded loans must finalize the amount they want to borrow by accepting, reducing or canceling their loans. Detailed instructions for EC, MPN and information about accepting, reducing or canceling loans can be found in the myHACC portal.
How do you determine whether I receive a Subsidized or Unsubsidized loan?
You may receive a Subsidized, Unsubsidized, or combination of both. Your Cost of Attendance, Expected Family Contribution and other financial aid resources are all used to determine the type and amount of loan you receive. Dependency status and grade level are also factors used to determine your eligibility.