Student Loans

Direct Loan Disbursements

Loan Disbursements

Please keep the following in mind when applying for loans:

Two Semester Loans: Will have one disbursement in each semester.

One Semester Loans: Will have two disbursement in the one semester.

If you apply for a two semester loan and then submit an additional loan request for one semester, this is considered a one semester loan. Each loan must have two equal disbursements. If you have loan questions, please email finaid@montcalm.edu.

Direct Loan Interest Rates

Interest Rates on Federal Student Loans

For loans first disbursed 7/1/2024 through 7/1/2025- 6.53%

Direct Loan Limits

Yearly Direct Loan Limits

Please keep in mind that these are yearly loan limits not semester loan limits.

Dependent Students

First Year:$5,500

Subsidized: Max of $3,500

Unsubsidized: $2,000

Second Year: $6,500

Subsidized: Max of $4,500

Unsubsidized: $2,000

Independent Students

First Year: $9,500

Subsidized Max of $3,500

Unsubsidized: $6,000

Second Year: $10,500

Subsidized Max of $4,500

Unsubsidized: $6,000