Types of Student Loans

Federal Direct Loan and Tuition Installment Plan

Read the information below to discover which types of loans may be right for you.
*Loans require a separate application in addition to the FAFSA.

Federal Direct Loans


To view the College’s default cohort rate that is provided by the U.S. Department of Education please visit: https://fsapartners.ed.gov/knowledge-center/topics/default-management. You may view how PSC’s default cohort rate compares to other institutions and the national average. The percentage of loan borrowers can be found at the U.S. Department of Education College Scorecard web page at: http://collegescorecard.ed.gov/school/?136473-Pensacola-State-College

Federal Direct Loans consist of loans acquired through the federal government for educational expenses to be repaid at a later date. Loans are usually low-interest and do not need to be paid back until a student is finished with school or ceases to be enrolled in six credits in their degree.

Stafford Loans (subsidized and unsubsidized)

  • Federal government provides these loans.
  • May be subsidized (no interest accrues on the loan while in school) or unsubsidized (interest accrues on the loan while in school).
  • Must be enrolled in at least 6 credit hours in your current program of study to apply.
  • Must enroll in only courses required to complete your declared Pensacola State College program of study on file with the Admissions Office.
  • Repayment begins six months after leaving school or your enrollment drops to less than half-time.

Parent Loan for Undergraduate Students (PLUS)

  • Loans taken out by parents for your educational expenses, which are credit-based.

PSC Guide to Federal Direct Loans

PEO Educational Loan Fund (ELF) Flyer

Loans FAQs

How do I collect my loan?

Federal Direct Subsidized/Unsubsidized Loan funds due to the students will be disbursed based on terms and session of enrollment for each semester.

How do I find out how much I owe on my federal student loan?

Please go to https://studentaid.gov/ for information about federal student loans.