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Federal Direct Loan Information

Federal Direct Subsidized and Unsubsidized Loans are federal student loans for eligible students to help cover the cost of higher education. Direct Loans are funded by the U.S. Department of Education. Students must be enrolled half-time (6 credit hours) to be eligible.

Loan funds must be repaid with interest.

Types of Loans

Direct Subsidized Loans

Direct Subsidized Loans are available to students with financial need. Under this program, the government pays the interest while the student is enrolled at least half-time. The interest rate is fixed. The maximum amount students can borrow is based upon grade level, course of study and financial need. For interest rate information, click here .

Direct Unsubsidized Loans

Direct Unsubsidized Loans are not based on financial need. Under this program, students are responsible for repayment of the interest accrued from the date the funds are disbursed. Principal payments are deferred until six months after a student graduates, transfers, leave school, or drops below half-time status. However, students are responsible for repayment of the interest accrued from the date the funds are disbursed. The fixed interest rate depends on when the loan is disbursed. The maximum amount students can borrow is based upon grade level and course of study. For interest rate information, click here .

Direct PLUS Loans for Parents of Undergraduate Students

Direct PLUS Loans for Parents of Undergraduate Students are available to parents or legal guardians of dependent undergraduate students. Parents or legal guardians may borrow up to the cost of attendance minus any financial aid each academic year. The fixed interest rate depends on when the loan is disbursed. The repayment period begins 60 days after the loan is disbursed, unless a deferment has been requested and granted. The interest begins to accrue upon initial disbursement. For interest rate information, click here

Click here for more information about the Federal Loans

Loan Limits

Annual Loan Limits

Borrowers are restricted to the following loan limits per academic year. (Combined totals for subsidized and unsubsidized loans cannot exceed the following amounts.) **

Dependent Student:

$5,500 for freshman status
(Less than 30 earned credit hours)
$6,500 for sophomore status
(30+ earned credit hours)

Independent Student:

$9,500 for freshman status
(Less than 30 earned credit hours)
$10,500 for sophomore status
(30+ earned credit hours)

** It is not required, nor recommended, to borrow the maximum loan amounts. Please borrow only what you need for your education.

To begin the online student loan process, please click the link below:

Applying for Federal Direct Loans

Questions? Call toll-free 1-888-336-3907, email eiccinfo@eicc.edu or contact the college nearest you and ask to speak to an advisor.

Clinton Community College, 563-244-7000
Muscatine Community College, 563-288-6000
Scott Community College, 563-441-4000

t is the policy of Eastern Iowa Community College District not to discriminate in its programs, activities, or employment on the basis of race, color, national origin, sex, disability, age, sexual orientation, gender identity, creed, religion, and actual or potential family, parental or marital status, as required by the Iowa Code §§216.6 and 216.9, Titles VI and VII of the Civil Rights Act of 1964 (42 U.S.C. §§ 2000d and 2000e), the Equal Pay Act of 1973 (29 U.S.C. § 206, et seq.), Title IX (Educational Amendments, 20 U.S.C. §§ 1681-1688), Section 504 (Rehabilitation Act of 1973, 29 U.S.C. § 794), and Title II of the Americans with Disabilities Act (42 U.S.C. § 12101, et seq.).

If you have questions or complaints related to compliance with this policy, please contact EICC’s Equal Employment Opportunity Officer/Equity Coordinator, Eastern Iowa Community College District, 101 West Third Street, Davenport, Iowa 52801, 563-336-5222, equity@eicc.edu or the Director of the Office for Civil Rights U.S. Department of Education, John C. Kluczynski Federal Building, 230 S. Dearborn Street, 37th Floor, Chicago, IL 60604-7204, Telephone: (312) 730-1560 Facsimile: (312) 730- 1576, TDD (800) 877-8339 Email: OCR.Chicago@ed.gov.