Truth in Lending
Currently the following maximum limits are:
Second year - $6500 (no more than $4500 may be subsidized)
Second year - $10,500 (no more than $4500 may be subsidized)
Currently the following maximum aggregate limits are:
Dependent students who have borrowed an aggregate of $23,000 or more, or Independent students who have borrowed an aggregate of $40,000 or more, will have their Financial Aid file evaluated on a case-by-case basis prior to any additional Direct loan awarding. The AC Financial Aid Office does reserve the right to use professional judgment on a case-by-case basis when denying the awarding of additional Direct loan funds to borrowers with excessive Direct loan aggregate balances. Students who are denied may submit a student loan appeal to the Financial Aid Office.
The Department of Education charges a 1.051% origination fee for all subsidized and unsubsidized Direct loans. Students who wish to apply for a Direct loan at AC must submit a loan request form or summer loan request form to the Financial Aid Office. To qualify for Direct loan funds, students must complete the FAFSA process, be attending at least 6 degree required hours, be meeting the terms of the Satisfactory Academic Progress policy and not currently have a guaranteed student loan in default.
Amarillo College works with Panhandle Plains to assist students in the repayment of their student loans. Information or calls received from Panhandle Plains are for assistance in the prevention of default and/or the repayment of your student loans. For further information regarding Panhandle Plains, please contact the Financial Aid Office at 806-371-5000 or firstname.lastname@example.org.
Grace Period/Loan Repayment
Federal Student Loan Consolidation Programs
Defaulting on your Student Loans
Student Loan Code of Conduct