Private Education Loans
Helpful Hint - Borrow Little
Borrow only what is needed to cover your educational expenses. These funds must be repaid!
Helpful Hint - Private Lenders
Most private lenders require a good credit rating and may also require a co-signer. Be informed and explore your options!
A private education loan is a nonfederal loan that is made by a lender such as a bank, credit union, state agency, or a school, to a borrower expressly for postsecondary education expenses.
CCCC does not offer a preferred lender list for private loans. Students have the right and ability to select the education loan provider of their choice. To find other lenders, you should explore all available options. Please review the Federal aid at U.S. Department of Education for an explanation between Federal and Private Loans. Keep in mind that CCCC does not participate in the federal student loan program.
How to Apply
If you are interested in a private education loan to attend Central Carolina Community College, please review the following steps:
- Apply for a private education loan with the lender of your choice
- Have a valid FAFSA on file with CCCC's school code: 005449
- Submit all documents required to complete financial aid processing.
- Be enrolled for at least 6 credit hours
Certification
The Financial Aid Office will certify the loan once we receive a certification request from your lender of choice. Private loan limits cannot exceed your cost of attendance minus any financial aid received.
In accordance with Section 155 of the Higher Education Act of 1965 (HEA), as amended, and to satisfy the requirement of Section 128(e)(3) of the Truth in Lending Act, a lender must obtain a self-certification form signed by the applicant before disbursing a private education loan. The school is required on request to provide this form or the required information only for students admitted or enrolled at the school. Throughout this Applicant Self-Certification, "you" and "your" refer to the applicant who is applying for the loan. The applicant and the student may be the same person. Access the Private Education Loan Applicant Self-Certification
Disbursement of Funds
Private loans are disbursed according to CCCC's standard disbursement schedule. CCCC is not responsible for the timeliness of private loan funds. All customer service inquiries should be addressed to the chosen lender. Depending on the timeline of the private loan process, which can vary with each lender; CCCC cannot guarantee that private loan funds will be certified and applied to your student account before payment deadlines. You are expected to make the necessary arrangements for payment of tuition, fees, and other charges.