Student Loans

Student Loan Default Prevention Program

FDTC has a Loan Default Prevention Plan.  This means that the College may refuse to certify a loan.  Each loan application is reviewed individually to determine the student's eligibility.  Examples of conditions where a loan application may not be certified include, but are not limited to:  total student loan indebtedness, failure to meet satisfactory academic progress, enrollment status, and previous defaulted student loan(s). However, if the student's loan is denied the student may submit an appeal with appropriate documentation to the Director of Financial Aid.

All certificate and diploma programs that are less than two years will be limited to grade level one school certifications.  The maximum grade level for all Diploma programs that are at least 2 -years and Associate Degree programs are limited to grade level 2 statuses.   

A denial from the Director of Financial Aid for any reason may be appealed to FDTC's Appeals Committee.  The decision of this committee is final and may not be appealed.

Federal Stafford Loans

Unsubsidized/Subsidized

Federal Stafford Loan Information

Facts:

Requirements:

Self-help aid (must be repaid) Repayment begins six months after the student graduates or ceases to be enrolled on at least a half-time basis. Rate of interest is fixed at 5.498% for both subsidized and unsubsidized loans for the 2023/2024 school year. Offers subsidized** or unsubsidized*** loans.  (One can receive both loans for the same enrollment period. The total subsidized loan cannot exceed a yearly amount of $3,500 for first year students and $4,500 for second year students. The total unsubsidized loan cannot exceed a yearly amount of $2,000 for dependent students and $6,000 for independent students.) Federal Stafford Loan Exit Counseling must be completed after the student graduates or withdraws from the college. All loans will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.

A student must... Be a U.S. citizen, or eligible non-citizen. Be enrolled at least 6 credit hours in an eligible program.  (If you are enrolled at least 6 credit hours per semester, you will receive the total amount of your loan awarded each semester.) Make Satisfactory Academic Progress. NOT be in default on other student loans. Complete: Free Application for Federal Student Aid (FAFSA) Federal Direct Loan Request.  If you are not able to submit the loan request electronically, you can print and submit the paper form Loan Request. Federal Direct Loan Entrance Counseling (before the application is completed by the College) Master Promissory Note must be completed through Federal Direct Lending. Notify the Financial Aid Center in writing to adjust or cancel your loan award.

Federal Parent Loans (PLUS)

PLUS Loan InformationFacts:Requirements:

• Loan program (must be repaid) for parents of dependent students.
• Repayment begins within 60 days of the disbursement and the minimum monthly payment is $50 to $60 for each loan.
• Offers up to $4,000 annually
• Rate of interest is variable and by law, will never exceed 9 percent.  Interest rate is 8.048% for the 2023/2024 school year.
• NOT based on financial need.
• Application are available at Federal Direct Lending.
• See Student Loan Default Prevention Program below.
• All loans will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.

A student must...

• Be enrolled at least 6 credit hours in an eligible program.  (If you are enrolled at least 6 credit hours per semester, you will receive the total amount of your loan awarded each semester.)
• Complete Free Application for Federal Student Aid (FAFSA)

A parent must...

• Possess good credit rating.
• Complete a PLUS Loan Application located at forms.fdtc.edu

 

Inceptia

At Florence-Darlington Technical College, we understand that student loans can be intimidating. That’s why we have partnered with Inceptia, a division of the National Student Loan Program, to provide you with free assistance on your student loan obligations to ensure you feel comfortable and can be successful in your loan repayment.

Inceptia may be calling to help you with the next steps in your repayment journey. Their friendly counselors are there to help you every step of the way. While you are in your grace period, they might reach out to you to answer questions you may have on your repayment options. If you become delinquent on your loans, they may also contact you to help find a solution that works within your means.

The Inceptia counselors are there to help you with every step by staying in touch with you via phone calls, letters, and/or emails. They will not be collecting money from you. Inceptia’s nonprofit purpose is to help you find answers to your questions and solutions to your issues. 

Visit Student Loan Knowledge HQ

Still have questions? Contact Us!

Office Location

FDTC Main Campus
Building 5000
3rd Floor, Room 5302

Contact

Phone: 843.661.8085
Fax: 843.661.8122
Email: financialaid@fdtc.edu