Federal Direct Subsidized and Unsubsidized Loans - a federal student loan, made through the William D Ford Federal Direct Loan Program, for which eligible students borrow directly from the U.S. Department of Education at participating schools. Direct Subsidized and Direct Unsubsidized are types of Direct Loans.

Federal Direct Loans


30 DAY DELAY FOR FIRST TIME BORROWERS: First time borrowers do not receive the first disbursement of their student loan until at least 30 days into the first term of their loan period.  Because of our payment/disbursement schedule, this is sometimes a week later than the actual 30 day point of the term.  

TWO DISBURSEMENTS RULE: Student loans accepted for only one term during the academic year are distributed in two disbursements with the second disbursement at the mid-point in the term.  


This loan is based on financial need, and the federal government pays the interest which accrues while the borrower is in school, grace or deferment status. Please be sure to read about the limit on the amount of subsidized loans


This is a loan where the borrower is fully responsible for the paying off the interest regardless of loan status.  Interest accumulates from the date of disbursement.


Parents of dependent students may apply for additional loans to assist with educational costs. Parents must complete a PLUS Loan Application and must also complete Entrance Counseling and a Master Promissory Note. The Parent PLUS Loan will not be automatically offered as part of your student's initial award package.


Entrance counseling is required by the federal government for all first time loan borrowers at TVCC.  The counseling is completed online at and TVCC will be notified electronically.  Once this has been completed it should be a satisfied requirement for subsequent academic years. v will help borrowers to understand:

  1. Their rights and responsibilities as a borrower.
  2. The terms of their loan.
  3. Repayment obligations and consequences of non-payment.



The Loan Agreement for a Subsidized/Unsubsidized Loan (MPN) is also required by the federal government when a student chooses to borrow money. This is the official document that a borrower must sign as a promise to repay their loans.  This is completed online at and TVCC is notified electronically.  


When a student graduates from TVCC or is no longer enrolled at least half time (6 credits), exit counseling must be completed. This is a federal requirement.  Exit Counseling is completed online and  will explain the borrower's loan obligations and various pay back options that student borrower has. A student will be reminded via their student email that they have to complete Exit Counseling. It is the student's responsibility to ensure this is completed.