Financial Aid - Loans
Loans are usually low-interest and do not need to be paid back until a student is finished with school or ceases to be enrolled in six credits in their degree. Loans require a separate application in addition to the FAFSA.
Short-term loans consist of a limited number of loans made by Pensacola State College in which money is loaned for only a short period of time within a single semester. Learn More
To help you meet your educational expenses, Pensacola State College is pleased to provide the Tuition Installment Plan (TIP).
Federal Direct Loans (also known as Stafford Direct Loans) consist of loans acquired through the federal government for educational expenses to be repaid at a later date.
Stafford Loans(subsidized and unsubsidized)
- Federal government provides these loans.
- May be subsidized (no interest accrues on the loan while in school) or unsubsidized (interest accrues on the loan while in school).
- Must be enrolled at least half time (6 or more credit hours) to apply.
- Must enroll in only courses required to complete your declared Pensacola State College program of study on file with the Admissions Office.
- Repayment begins six months after leaving school or your enrollment drops to less than half-time.
Parent Loan for Undergraduate Students (PLUS)
- Loans parents take out for your educational expenses.
- Parents must not have any adverse credit history.