West Virginia Northern Community College

Offices and Services

Federal Direct Student Loans

Federal Student Loans

WVNCC students can borrow Federal Student Loans through the Federal Direct Loan Program.


2018-2019 Federal Direct Loan Information


Loans Originated and Disbursed after July 1, 2018 for the 2018-2019 aid year:

For Direct Subsidized and Unsubsidized Loans the current interest rate is 5.05% (fixed).  The current loan origination fee (subject to change) is 1.066 percent. For example, the fee on a loan for $1,750 would be $1,750 X 1.066 = $18 so the disbursement would be $1732 ($1,750 - $18)


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 and students who are enrolled in less than half-time (6 credit hours) 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