This information is provided as a guide and is subject to change without notice to comply with federal, state, and institutional policies.
Georgia Perimeter College participates in the William D. Ford Direct Loan program.
Federal Stafford Loans
The Federal Stafford Loan is a loan that must be repaid upon completion of school or interruption of studies. The student who qualifies may borrow up to $3,500 for the academic year as a freshman and $4,500 as a sophomore. All borrowers are required to complete an entrance interview with the Financial Aid office. Students can complete an Entrance Interview onlineat the Direct Loan website. If a freshman is a first-time borrower for a student loan, federal regulations require that the first loan disbursement be delayed until 30 days after the start of classes. Students are required to be actively enrolled for at least six credit hours each semester to maintain loan eligibility.
Federal PLUS Loans
Federal PLUS loans are loans that a parent may use to assist a student in financing an education. Parents may borrow up to the cost of attendance, minus other aid per award year, if the student is enrolled at least half time. The loan goes into repayment 60 days after the check is disbursed to the parent. Students are required to be actively enrolled for six credit hours each semester to maintain eligibility.
Federal Unsubsidized Loans
Independent students who still need loan assistance after Federal Stafford Loan eligibility is determined may apply for the Unsubsidized Federal Stafford Loan. A maximum of $4,000 can be awarded each year. Students are required to enroll for at least six credit hours each semester to maintain eligibility. Dependent students may apply for the unsubsidized loans if the parent is unable to obtain a Plus loan.
Emergency Student Loans
Georgia Perimeter College provides interest-free loans to students on an emergency basis. Loans are granted to cover a portion of the cost of the student's registration fees and books once registration is satisfied for one semester and must be repaid by the specified deadline regardless of other pending financial aid. First semester students and transient students are not eligible for these funds. Students must be enrolled in 6 or more semester credit hours and have a 2.00 GPA to receive an emergency loan. The loan funds are 50 percent of the fees up to $500. A $5.00 service fee will be added to each loan. The funds are awarded by the Office of Financial Aid during on campus registration and advisement assistance and cannot be reserved in advance.