Student Loans

Student Loans

Student Loans are federal educational loans that must be paid back after you are no longer attending at least half-time. There are two types of Federal student loans: subsidized and unsubsidized. Eligibility is based on the FAFSA results.

It is important to consider the consequences of your borrowing decision. Learn how to be a responsible borrower by visiting the Federal Student Aid website

General Requirements

  1. You must be enrolled in a minimum of six (6) fundable credit hours at Glendale Community College (GCC) and the level of enrollment may determine the total amount offered for the academic year.
  2. If you are a first-time borrower at GCC, you are required to complete an online Entrance Counseling Session and Master Promissory Note (MPN) before your federal student loan can be disbursed.
  3. First-year, first-time borrowers are subject to a 30-day delayed disbursement.
  4. Continuing/returning students cannot exceed aggregate limits determined by the Department of Education.
  5. Unaccepted loans may be canceled after two weeks of inactivity.

General Information

To be eligible to receive subsidized loans you must have calculated your financial need. Repayment of the interest on a subsidized Stafford loan is deferred while you are enrolled in an academic program. 

Interest payments on unsubsidized loans begin as soon as the money is disbursed. Unsubsidized loan maximums are determined by your dependency status, cost of attendance, remaining need and grade level. You must always apply for a subsidized loan first.

Keep in mind: GCC packages an initial financial aid offer with Direct Loan base amounts. At GCC, you can be considered for either freshmen or sophomore level based on the number of credits you've completed above 100 level. Base amounts for unsubsidized loans are identical to the subsidized loan base amounts.

Level Requirements Base Amount per Academic Year
Freshman/First Year 30 or fewer credits earned at the 100 level or transfer hours $3500
Sophomore/Second Year more than 30 credits earned at the 100 level at GCC or transfer credits $4500

Visit the Student Loan Borrower Information page to request any additional loans you may be eligible for above the base amount. Follow the instructions to review your aggregate loan borrowing and current estimated monthly loan obligation prior to making your request, then submit the Request for Additional Loan Funds eForm.

This form must be received no later than 15 business days before your latest class’s end date. If you are not eligible, the request will not be processed.

Avoid Going Into Default

Student Loan Repayment begins when you stop attending college at least half-time. Many federal student loans have grace periods and a variety of repayment options. Visit for more information about student loan repayment options, loan repayment calculators, cancellation, deferment, loan forgiveness options and consolidations.

Maricopa Community College’s Student Loan Support Services is also available to help; you can call (480) 784-0600 or email them at for assistance.

GCC’s Cohort Default Rate (CDR)

What is a CDR? For schools having 30 or more borrowers entering repayment in a fiscal year, the school’s cohort default rate is the percentage of a school’s borrowers who enter repayment on certain William D. Ford Federal Direct Loans (Direct Loans) and Federal Family Education Loans (FFELs) during that fiscal year and go into default (or meet the other specified condition) before the end of the second fiscal year following the fiscal year that the borrower entered repayment.

CDR is calculated by taking the total number of borrowers who entered repayment in the current cohort fiscal year and the two preceding cohort fiscal years, then dividing that number into the number of borrowers who entered repayment in the current cohort fiscal year or either of the two preceding cohort fiscal years and who defaulted or met the other specified condition in the cohort default period for the cohort fiscal year in which they entered repayment.

Year 2016 2017 2018
Default Rate 16.2% 14.9% 12.1%