For both the subsidized and unsubsidized Federal Stafford loans, you must first submit a Free Application for Federal Student Aid (FAFSA).

Complete your FAFSA

After the financial aid process has been completed, you must submit the following to complete your loan file:

Federal Direct Student Loan Program (Direct Stafford Loan)

  • Stafford loans let students borrow money for college at a low interest rate. Repayment begins six months after you cease to be enrolled in six or more credit hours of school.
  • You may borrow up to $3,500 in a subsidized loan, if eligible.
  • A student who has successfully completed the first year of a program of study of undergraduate education (with a minimum of 30 credit hours), but who has not yet successfully completed the remainder of the program, may borrow up to $4,500 for the second year of study.
  • Additionally, dependent students may borrow up to $2,000 in an unsubsidized loan, and independent students may borrow up to $6,000 in an unsubsidized loan.
Academic LevelDependent StudentIndependent Student
(0-29 Credit Hours Completed)
$3,500 Subsidized
+ $2,000 Unsubsidized
= $5,500 Combined
$3,500 Subsidized
+ $6,000 Unsubsidized
= $9,500 Combined
(30-+ Credit Hours Completed)
$4,500 Subsidized
+ $2,000 Unsubsidized
= $6,500 Combined
$4,500 Subsidized
+ $6,000 Unsubsidized
= $10,500 Combined

Subsidized Stafford Loan (5.05% Fixed Interest Rate):

A subsidized loan is awarded on the basis of financial need. You will not be charged any interest while attending school with at least half-time enrollment. The federal government "subsidizes," or pays, the interest during that period on behalf of the student.

Unsubsidized Stafford Loan (5.05% Fixed Interest Rate):

An unsubsidized loan is not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accrue (accumulate) while you are in school or during other periods of nonpayment, it will be capitalized – that is, the interest will be added to the principal amount of your loan, and additional interest will be based on that higher amount.

Parent PLUS Loan (7.6% Fixed Interest Rate):

A PLUS loans is a federal loan that parents of dependent undergraduate students can use to help pay education expenses. The borrower must not have an adverse credit history. The maximum loan amount is the student’s cost of attendance (determined by the school) minus any other financial aid received. If a parent borrower is unable to secure a PLUS loan, the undergraduate dependent student may be eligible for additional unsubsidized loans to help pay for his or her education.

Student Loan Code of Conduct

The Triton College Financial Aid Office has developed a Student Loan Code of Conduct to ensure the Student Loan Program at the college is administered in an honest, ethical and legal manner; and to comply with the requirements of the Higher Education Opportunity Act (HEOA) of 2008, signed into law on Aug. 14, 2008. All Triton College employees who are directly or indirectly involved with the administration of student loans, and officers and agents of the institution, adhere to the following principles:

  1. Prohibition of Revenue-Sharing - Triton College will not enter into revenue sharing agreements or arrangements between the college and a lender or vendor that is based on loans being made, insured or guaranteed to students attending Triton College or to families of Triton students. Triton College will not accept gifts from any outside entity in exchange for loan referrals. A gift is defined as any gratuity, favor, discount, entertainment, hospitality, loan or other item having monetary value of more than a nominal amount.
  2. Prohibition on Contracting Arrangements - Triton College Financial Aid Office employees (or employees or agents who otherwise have responsibilities with respect to education loans) will not accept from any lender, guarantor or servicer any fee, payment or other financial benefit as compensation for any type of consulting arrangement or other contract to provide services to or on behalf of a lender, guarantor or servicer related to educational loans.
  3. Prohibition on Offers of Funds for Private Loans - Triton College will not request or accept from any lender, guarantor or servicer any offer of funds to be used for private educational loans, including a pool of funds to students in exchange for the college providing concessions or promises to the lender, guarantor or servicer for a specific number of loans made, insured, or guaranteed, a specified loan volume, or a preferred lender arrangement. Prohibited financial benefits include but are not limited to revenue sharing, fees, payments, printing costs, cash, gifts, stocks, expenses paid trips, entertainment, lodging, meals or travel costs.
  4. Gift Restrictions - Triton College Financial Aid employees are prohibited from soliciting or accepting any gift from a lender, guarantor or servicer of educational loans. Gifts include but are not limited to any cash, gratuity, favor, discount, entertainment, hospitality, loan, stocks, printing costs, expense paid trips or reimbursement for lodging, meals or travel to conferences or training seminars. Training materials are not considered gifts.
  5. Preferred Lender Lists - Triton College currently does not utilize a preferred lender list for student educational loans. No lender is given preferred status or is given any advantage in securing potential borrowers. Students and parents are free to select the lending institution of their choice. Triton College will not restrict students from selecting a particular lender, delay certification, or refuse to certify educational loans for students based on the lender or guarantor.
  6. Advisory Board Compensation Rules - Triton College Financial Aid employees who serve on an advisory board, commission, or group established by a lender, guarantor or servicer shall not receive any remuneration for such service nor any reimbursement of expenses from same service.
  7. Staff Assistance -The Triton College Financial Aid Office shall not request or accept any staffing assistance from any lender, guarantor or servicer.

New Loan Service

The Triton College Financial Aid office has teamed up with Solutions at ECMC to answer your student loan repayment questions and help you resume your education. Solutions is a service of the non-profit organization ECMC dedicated to helping students manage educational loans.

Their resources are available to you free of charge.

To contact a Solutions Student Loan Repayment Advisor, call them at 1-877-331-3262 or 
visit for more information.

Loan FAQs

How do I access my loan information?

Do I have to start repaying my loans right after I graduate?

I'm having trouble making payments, what do I do?

How much time will I have to repay my loan, and how much will I have to pay each month?

Can I get help repaying my loan?

Can my loan ever be canceled or discharged?

What is loan consolidation?

How do I consolidate my loans?

Is there a downside to consolidation?

What happens if I default on my loan?

What is loan default?

How do I avoid loan default?

Who do I contact about loans at Triton College?


Responsible Borrowing

Repayment: What to Expect

Cynthia Perez
Student Loan Specialist
(708) 456-0300, Ext. 3045