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Types of Loans

Cape Cod Community College participates in the Federal Direct Stafford loan program. The College manages the process from issuing these funds directly for the US Department of Education to the student. Neither the school or student receives financial incentives for choosing to borrow Direct Loans.

To qualify for a Federal Direct Loan you must complete the following:

  1. Entrance Counseling for Undergraduates:
  2. Master Promissory Note for Undergraduates:
  3. Loan Amount Request Form

Federal Direct Loans

For information on how to apply, see: Federal Direct Loans


  • This is a need-based loan.
  • Interest on the loan is paid by the federal government while you are in school, during your grace period, and during authorized periods of deferment.
  • You must be enrolled at least half-time (6 credits per semester) to qualify, and be meeting satisfactory academic progress requirements.
  • Repayment begins six months after you are no longer enrolled at least half-time.


  • This is not a need-based loan.
  • You are responsible for paying the interest on your loan from the date of disbursement.
  • The interest rate will be fixed at 4.53 percent for the year 2019–2020.
  • You must be enrolled at least 6 credits (half-time) to qualify, and be meeting satisfactory academic progress requirements.
  • Repayment begins six months after you are no longer enrolled at least half-time.

Parent Plus Loans

To qualify for a Federal Parent Plus Direct Loan go to:

  1. Select: Parent Borrowers
  2. Complete PLUS Counseling
  3. Continue with Complete PLUS Loan Master Promissory Note (MPN)
  4. Complete the Loan Amount Request Form in the student's name and mark it a PLUS Loan.

Additional information:

  • All Parent Plus Loans are credit based; not based on financial need; cannot have adverse credit history. The interest rate for a parent loan for 2019–2020 is 7.08%.
  • Requires the student be enrolled in at least 6 credits (half-time) at all times to qualify, and be meeting satisfactory academic progress requirements.
  • Loan is in parents name.
  • Repayment begins immediately.
  • All personal loan information can be found on

Alternative Student Loans

  • Private education loans may be available if Federal Stafford loans are not sufficient or you do not quality for the Federal Direct Student Loan. They are generally at a higher interest rate and repayment usually begins at the time of disbursement. Private loans are based on credit worthiness and often require a co-signer.
  • It is the student's responsibility to research private loan opportunities. The Financial Aid office does not provide a preferred lender list nor receives any incentives from private lenders. The Financial Aid Office staff will answer questions and advise students, when possible.
  • Please notify the Financial Aid Office if you qualify for a Alternative Student Loan.

CCCC Education Loan Borrowing History

Academic YearAnnual EnrollmentFederal Stafford Loans (students)Federal PLUS (parent)Private Loans
2019–2020 4512 356
2018–2019 4501 359
2017–2018 4756 347
2016–2017 4934 396
2015–2016 5201 413

Federal Student Loan Cohort Default Rate

Calculated includes total borrowers entering repayment each fiscal year.
Of those borrowers, the number who default within 3 years.

Fiscal YearBorrowersDefaultsCCCC Default RateNational Average-2 Year CollegesNational Average-All Colleges
2017 290 45 15.5% 15.2% 9.7%
2016 299 45 15.0% 15.9% 10.1%
2015 317 47 14.8% 16.7% 10.8%
2014 391 57 14.5% 18.3% 11.5%
2013 334 48 14.3% 18.5% 11.3%

Contact the Financial Aid Office

Office of Financial Aid
Location Nickerson Administration Building, Ground Floor
Hours Monday–Friday 8:30–4:30

​​​​​​​Zoom drop-ins with Financial Aid
Meeting ID: 983 1467 4608
Password: FinAid
Phone 774.330.4393
Fax 508.375.4026