Direct Loans at NCC

Applying for Loans at NCC

At Norwalk Community College, Federal Direct Student Loans are not automatically packaged to students accounts. You must complete the in-house loan application, available at the Financial Aid Office. At NCC we are committed to keeping our students’ loan debt to a minimum. If you are interested in discussing your loan options please contact Financial Aid.

Please note that 2020- 2021 Loans will be processed in August. 

What is the Eligibility Criteria for Federal Loans?

  • Have a finalized FAFSA on file and meet all other Federal Aid Eligibility requirements
  • Be matriculated in an eligible degree or certificate program
  • Be registered for a minimum of 6 credits
  • Complete Loan Entrance Counseling and sign a Master Promissory Note. Complete these steps online at  You will need your FSA ID to complete the process.

What Loans are Available?

Federal Direct Subsidized Loans

Subsidized loans are available to those who demonstrate financial need. Those who qualify for subsidized loans are not responsible for paying the interest on their loans while they are in school. The principal is also deferred until a student’s six-month grace period expires.

The interest on a Direct Subsidized loan is paid for by the federal government while a student is enrolled at least half time (6 credits or more) and during the authorized periods of deferment.

Federal Direct Unsubsidized Loans

Unsubsidized loans are non-need based and are available to students who meet all the basic requirements. Unsubsidized loans DO ACCRUE INTEREST while the student is in school. The student has the option to pay that interest while in school. If the student chooses not to pay the interest while in school, the accrued interest becomes capitalized (added to the principal). It is recommended that students pay interest while they are in school. In the long run this will reduce the amount you will be required to pay.

What are the Current Interest Rates?

Interest rates for all Federal Loans are fixed. For current interest rates, please refer to

Disclaimer – Descriptions of financial aid programs are subject to change, due to possible changes in federal, state, and College policies, and/or due to changes in funding levels. The Financial Aid Services Office will make every reasonable effort to keep applicants and students aware of any such changes.