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FINANCIAL AID LOANS

DO I QUALIFY FOR FEDERAL STAFFORD LOAN?

WHAT IS A FEDERAL STAFFORD LOAN?

A Federal Stafford Loan is a low interest, long term loan program.

WHAT IS THE INTEREST ON THIS LOAN?

The interest rate is 6.00% for loans disbursed between 7/1/08 to 6/30/09.

WHEN DO I REPAY THIS LOAN?

Repayment on this student loan begins six months after you leave college.

HOW MUCH CAN I BORROW?

Kaua'i CC is a two year college and can only certify 1st and 2nd year education levels, see the tables below by dependency for your annual loan limits.
Borrow conservatively, only what you will need to meet your educational expenses while you are enrolled at Kaua'i CC.
Always keep in mind that student loans must be repaid. Some lenders charge loan fees so your net amount may be different from your requested amount.

Dependent Undergraduate

Annual Loan Limit

College Level (credits earned toward degree)

Subsidized

Total (SUB/UNSUB)

FRESHMAN (1-24 credits)

$3,500

$5,500

SOPHOMORE (25+ credits)

$4,500

$6,500

Independent Undergraduate

Annual Loan Limit

College Level (credits earned toward degree)

Subsidized

Total (SUB/UNSUB)

FRESHMAN (1-24 credits)

$3,500

$9,500

SOPHOMORE (25+ credits)

$4,500

$10,500

HOW DO I APPLY?

Complete and return a Stafford Loan Request form to the Financial Aid Office. You must select a Lender. Lenders use Loan Servicers to help them manage their student loan portfolios. A Loan Servicer will mail you a MASTER PROMISSORY NOTE, if you do not already have a promissory note on-file. You must complete, sign, and return the promissory note to the Loan Servicer for processing.

WHEN WILL I GET MY MONEY?

The Loan Servicer will mail you a Notice of Guarantee and Disbursement letter with the dates that your loan will leave the bank. Electronic funds are deposited into the University's account and released no earlier than 10 days before the start of a term. The University receives deposits on a weekly basis and runs disbursement regularly to credit your student account. If your lender does not participate in electronic fund transfer and mails a paper check, the Financial Aid Office will contact you to pick up your check from the office. Please bring a valid picture identification for your check to be released. Loan checks are disbursed twice during your period of enrollment.

There may be a 30-day delay if you are considered a first-year college student and first-time borrower.

LOAN ENTRANCE INTERVIEW

If you are a first-time borrower at our college, you must complete a loan entrance interview. You can do this by either going on-line or requesting an appointment to meet with Financial Aid Staff.

Are you returning to school and need an In-School Deferment Form?

  • Stafford Loan Deferment Request Forms

  • Perkins Loan Deferment Request

  • State Higher Educational Loan Deferment Request same as Perkins Loan Deferment

    Do you need a loan forgiveness or cancellation form?

  • Stafford Cancellation & Forgiveness Forms


    Financial Aid Office

    One Stop Center, Room 104

    3-1901 Kaumuali`i Highway

    Lihu`e, HI  96766-9500

    E-mail:  kauccfao@hawaii.edu

    Phone:  (808) 245-8256

    Fax:      (808) 245-8297