West Virginia Northern Community College

Offices and Services

Federal Direct Loan Info


Effective July 1, 2013

As a result of legislation enacted in July 2012, eligibility for the Direct Loan interest subsidy will be limited for new borrowers on or after July 1, 2013.  The law restricts the period of time for which a borrower may receive subsidized loans, in the aggregate, to 150 percent of the published length of the student's current educational program.  Once the student reaches that limit, he or she may borrow only unsubsidized loans, and interest begins to accure on the student's outstanding subsidized loan.

2016-2017 Federal Direct Loan Information


For Direct Subsidized Loans the rate is 4.29 (fixed) and for Direct Unsubsidized Loans the rate is 4.29 (fixed).  The current loan origination fee (subject to change) is 1.068 percent. For example, the fee on a loan for $1,750 would be $1,750 X 1.068 = $19 so the disbursement would be $1731 ($1,750 - $19)





First time Direct Loan borrowers at WVNCC are now required to attend In-Person Entrance Counseling Workshops. The Financial Aid Staff will be leading the workshops and will available to answer your loan questions on everything from applying for your loan to your repayment options after school. 

The following are the dates and times available at each campus:



Friday, January 29, 2016 – 10:00AM-11:00AM – Room 201 B&O.  Register me!

Friday, January 29, 2016 – 2:00PM-3:00PM – Room 201 B&O.  Register me!



Wednesday, January 27, 2016 – 11:30AM-12:30PM – Room 115.  Register me!

Wednesday, January 27, 2016 – 3:00PM-4:00PM – Room 115.  Register me!


New Martinsville:

Thursday, February 4, 2016 – 9:00AM-10:00AM – Room 110.  Register me!

Thursday, February 4, 2016 – 10:00AM-11:00AM – Room 110.  Register me!


 Student Loan Repayment

AFTER GRADUATION - Students who have multiple loans through multiple loan servicers, such as American Education Services (AES) or Great Lakes Higher Education, and the  Direct Loan Program will have to make separate payments when you enter repayment unless you consolidate your loans.  You can consolidate all your Stafford Loans together with Federal Direct Consolidation Loans.  For more information on consolidation go to www.StudentLoans.gov  To monitor all your Student Loans (from any institution or program), access your loan history with the National Student Loan Database System at www.nslds.ed.gov.  

*Graduates must also complete Exit Counseling online at www.studentloans.gov.  The Federal Direct Loan Exit Brochure is available by clicking here for additional information about loan repayment.


Awards and Accreditations