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Direct Loans

Direct Loan Info

Loan Amounts: Grade level one students (freshman) may borrow a base amount of $3,500 (subsidized and/or unsubsidized); Grade level two students (sophomores) may borrow a base amount of $4,500 (subsidized and/or unsubsidized) per academic year. Loan amounts for one semester only are one-half (1/2) the maximum yearly loan amount not to exceed need or cost of attendance.

Interest Rate: As of July 2019, the interest rate for subsidized and unsubsidized loans for undergraduate students is fixed at 4.53% for loans disbursed from July 1, 2018 through June 30, 2019.

To apply for a subsidized or unsubsidized loan, you must first apply for federal financial aid via the FAFSA. All students applying for a loan must complete "Entrance Counseling" before the processing of the loan application and "Exit Counseling" before the receipt of the second check. Entrance Counseling is required only once at Grossmont College and Exit Counseling are required on a yearly basis.

Additional Loan Counseling: In addition to the required Direct Loan Entrance and Exit Counseling, Grossmont College strongly recommends that students complete additional loan counseling with their Financial Aid Advisor or on-line using Federal Student Aid’s Financial Awareness Counseling Tool (FACT), which can be accessed at:

The deadline to submit a Federal Direct Student Loan application is December 13, 2019 for the Fall 2019 semester (Fall only students), and May 29, 2019 for the Spring 2020 semester.

Origination Fee: As of October 1, 2018 the loan origination fee will decrease slightly from the current 1.066% to 1.062%.

Subsidized Loan Maximum Eligibility for borrowers on or after July 1, 2013, click here for more information.

Last Updated: 07/30/2019

Direct Loan Resources

ATTENTION: If you are no longer enrolled and received a Direct Loan, you are required to complete the Exit Counseling Exam. Please click here for more information.

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  • Cuyamaca
A Member of the Grossmont-Cuyamaca Community College District