Student Direct Loan Process
Loan Information and Application Process
Federal Direct Loan Application
In order to receive a Direct Student Loan, you must have already completed the Free Application for Federal Student Aid (FAFSA). If you have not completed a FAFSA already, go to http://www.fafsa.ed.gov and begin. If you have already completed the FAFSA, you may proceed to the Federal Direct Loan Application Process link found at the bottom of this page.
How Much Can I Borrow?
Maximum Loan Limits for Academic Year
|
1st Year (1-29 Hrs) |
Subsidized | Unsubsidized | Total |
| Dependent Student | $3,500 | $2,000 | $5,500 |
| Independent Student | $3,500 | $6,000 | $9,500 |
| 2nd Year (30+ Hrs) | Subsidized | Unsubsidized | Total |
| Dependent Student | $4,500 | $2,000 | $6,500 |
| Independent Student | $4,500 | $6.000 | $10,500 |
First Time Students Receiving Loans
In accordance to Federal Student Aid regulations, if you are a first time student at OTC, your student loan disbursement will be delayed for a minimum of 30 days after the semester begins. Therefore, your student loan disbursement will not be included with the initial or first group of disbursements for the semester.
Federal Stafford Student Loan
For fall or spring semester, at least 6 hours is required for student loan. For summer, at least 3 hours is required for student loan. Not meeting this criteria could result in a loss of your Federal Direct Student Loan.
Alternative and Federal Parent Plus Loans
Ozarks Technical Community College does not participate in any of the Alternative or Federal Plus Loan Programs. The Federal Direct Loan Program is the only student loan program the college participates in for students.
Note: If you do apply for an alternative loan, you must apply for one that does not require school certification.




