The Direct Loan Program provides financial aid through borrowing funds from the U.S. Department of Education. Any Student Loans will be submitted to the National Student Loan Data Systems (NSLDS). Repayment begins six months after the borrower leaves college or drops below half-time status. There is no separate application for student loans; the FAFSA application is all that is required to apply.
Code of Conduct
Federal Direct Student Loan Cohort Default Rate
Northeast Alabama Community College: 3.8% (as of September 20, 2022)
NACC Default Rates
2) Unsubsidized Loans – interest bearing.
**In order to be eligible for a student loan, a student must be enrolled in a minimum of 6 credit hours in the student’s degree program and be meeting the standards of academic progress.**
**Per federal regulations, a first-time college student is subject to a 30-day waiting period before loans are allowed to be disbursed.**
**Students can access their loan information at www.studentaid.gov.**
Applying for a Student Loan
Who should complete exit counseling?
Students who have received subsidized, unsubsidized, or PLUS loans under the Direct Loan Program, must complete exit counseling each time the student drops below half-time enrollment, graduates, or leaves school.
Where do you complete exit counseling?
To complete exit counseling, go to www.studentaid.gov and select "Manage Loans" and "Complete Exit Counseling". Click here to watch a quick tutorial on how to complete Exit Counseling.
Alumni & Giving
NACC has been dedicated to serving the community through excellence in education since 1965. As a community college, we are a firm foundation for our students.