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Loan Information

HawaiiCC now featuring:

At Hawai'i Communit College, we understand that student loans can be intimidating. That’s why we have partnered with Inceptia, a division of the National Student Loan Program, to provide you with free assistance on your student loan obligations to ensure you feel comfortable and can be successful in your loan repayment.

Inceptia may be calling to help you with next steps in your repayment journey. Their friendly counselors are there to help you every step of the way. While you are in your grace period, they might reach out to you to answer questions you may have on your repayment options. If you become delinquent on your loans, they may also contact you to help find a solution that works within your means.

The Inceptia counselors are there to help you with every step by staying in touch with you via phone calls, letters, and/or emails. They will not be collecting money from you. Inceptia’s nonprofit purpose is to help you find answers to your questions and solutions to your issues. We encourage you to visit Inceptia’s Student Loan Knowledge HQ website at


To be eligible for Direct Loans, first complete the 2020-2021 Free Application for Federal Student Aid (FAFSA) at and submit all required documents requested by the Financial Aid Office.


  • 2020-2021 Fall & Spring Loan: Wednesday, November 18, 2020
  • Fall 2020 ONLY Loan: Wednesday, November 18, 2020
  • Spring 2021 ONLY Loan: Wednesday, April 14, 2021


Information for...Student Borrowers

A Student Borrower must:

  1. Complete a loan entrance counseling session at  Print and attach confirmation to your Student Loan Application.
  2. Electronically sign a Direct Loan Master Promissory Note with your FSA User ID at  Print and attach confirmation (1st page only) to your loan request form.
  3. ​Submit this direct loan request form (with attached confirmations) to the HawaiiCC Financial Aid Office.

Note: Any borrower who has 0-29.99 credits earned at Hawaii Community College and/or who has never received a Federal Student loan will have a 30-day delay in the disbursement of funds.   Unless you indicate that you will be going less than full-time, all loans will be certified at full-time status (12+ credits). If you are enrolled less than full-time, there may be a delay in disbursement. To receive Federal Student loans you must be enrolled in at least 6 credits to be certified. Notify the Financial Aid Office of any desire to cancel your loans. You have 30 days prior to loans beign funded to cancel your loan request and 3 days from the date your loans are funded to have your loan funding sent back.   *NOTE: IF ANY PART OF YOUR LOAN REQUEST FORM IS INCOMPLETE OR INCORRECT, IT WILL NOT BE PROCESSED.


Information for...Parent Borrowers

PLUS Loan Borrower must:

  1. Request a PLUS loan at
    • Sign in with your FSA User ID.
  2. Submit a Parent PLUS Loan Application to the Hawaii Community College Financial Aid Office.

After you have completed all requirements:

  1. Hawaii Community College Financial Aid Office will certify the loan and electronically forward the information to the US Department of Education.
  2. Funds will be electronically disbursed to Hawaii Community College (if you have not signed up for E-Refund, the Business Office will cut a refund check).
  3. Hawaii Community College recommends all students to sign up for E-Refund. (E-Refund information can be found at

Parent eligibility and other requirements for Parent PLUS:

  • You must be the student's biological or adoptive parent or the student's stepparent, if the biological or adoptive parent has remarried at the time of application. Your child must be a dependent student who is enrolled at least half-time (6 credits) at HawCC.
  • Credit check & endorser alternative:
    When you apply for a Direct Parent PLUS Loan, the Department will check your credit history. To be eligible for a PLUS Loan, you must not have an adverse credit history. If you are found to have an adverse credit history, you may still borrow a PLUS Loan if you get an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the Direct PLUS Loan if you do not repay the loan. The endorser may not be the student on whose behalf a parent obtains a Direct PLUS Loan.
  • Additional requirements:
    Parents and their dependent child must be U.S. citizens or eligible noncitizens, must not be in default on any federal education loans or owe an overpayment on a federal education grant, and must meet other general eligibility requirements for the Federal Student Aid programs.


Additional Information

General Direct Loan Information:

  • You must be enrolled for at least half time status (6 credits) to be eligible for a student loan.
  • If you are a first-time, first-year borrower at HawaiiCC, there will be a 30-day delay in the disbursement of your loan funds.
  • If your loan period is for a single semester (Fall 2019 only OR Spring 2020 only), your loan funds will be disbursed in two equal installments during the single semester, one at the beginning and one at the midpoint.  If you drop below half time status before the midpoint disbursement, undisbursed funds will be cancelled. 
  • There is a 1.059% loan origination fee on all subsidized and unsubsidized loans disbursed on or after October 1, 2019.  The loan fee will be proportionately deducted for each loan disbursement.
  • You may decline your loan funds and/or cancel future disbursements by submitting a written statement to the Financial Aid Office 30 days prior to disbursement.
  • When you leave school (graduate/transfer/officially withdraw) or enroll for less than half time status you will be required to complete Exit Counseling at  
  • If, after leaving school, you decide to return and attend at half-time status or above, you may be eligible for an In-School Deferment.  This deferment allows you to temporarily stop payments on your Direct Loans.  Click here for further information.
  • Federal student loans are considered to be financial aid and are subject to our Satisfactory Academic Progress (SAP) Policy.
  • Your loan information will be submitted to the National Student Loan Data System (NSLDS) and accessible by authorized agencies, lenders, and institutions

Federal Direct Subsidized Loan – (4.53% interest rate for loans disbursed between July 1, 2019 and July 1, 2020)

  • Awarded to students who demonstrate financial need as determined by your Free Application for Federal Student Aid (FAFSA) and the Financial Aid Office.  Interest is paid by the Federal government while you are enrolled at least half-time status and during any approved deferment periods. 
  • NEW: Effective for first-time borrowers on or after July 1, 2013 there is a time limit on the maximum period of time you can receive Federal Direct Subsidized loans.  In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program.  This is called your “maximum eligibility period”.  If you continuously enroll and do not complete your program (or you transfer to a program of equal or less length), you can lose the interest subsidy on your Federal Direct Subsidized Loan(s) for the remaining life of the loan(s).  Please visit for more information. 

Federal Direct Unsubsidized Loan – (4.53% interest rate for loans disbursed between July 1, 2019 and July 1, 2020)

  • Typically awarded to students who do not demonstrate financial need.  You are responsible for the interest that accrues on the loan, which starts after the loan is disbursed.  Although principal payments can be postponed, interest will be capitalized, meaning the lender will add the accrued interest to the principal balance you owe. 

Federal Direct Parent PLUS Loan – (7.08% interest rate for loans disbursed between July 1, 2019 and July 1, 2020)

  • The maximum loan amount is the student’s cost of attendance (determined by the school) minus any other financial aid received.
  • Interest is charged on Direct PLUS Loans during all periods, beginning on the date of your loan's first disbursement. For further information click here.
  • There is a 4.236% loan origination fee on all Direct Parent PLUS Loans disbursed on or after October 1, 2019. The fee will be proportionately deducted from each loan disbursement. 

How Much Can I Borrow?

The maximum amount a student may borrow each academic year depends on the following:

  1. Grade level in college as determined by credits earned
    • Freshmen = 0-29.99 earned credits
    • Sophomore = 30+ earned credits
  2. Length of academic program
  3. Cost of attendance
  4. Dependency status (dependent or independent)

Annual loan limits are as follows:

loan type limits and grace periods

When you leave school (graduate/transfer/officially withdraw) or enroll at less than half-time status, your 6-month grace period begins.  During your grace period you are not required to make payments on your Direct loans.  At the end of your grace period you will be placed on the Standard Repayment Plan, but you can always work with your servicer to change it to a repayment plan that works best for your.  To see repayment plan options, click here. 

Default Prevention Plan
Hawaii Community College Financial Aid Officehas developed a plan for default prevention and debt management. To view it, click Hawaii Community College Default Prevention Plan.

Don’t Borrow Blindly
It’s important to understand all the terms of your loans and their repayment responsibilities before you borrow. Student loans are nearly impossible to discharge in bankruptcy, so the student loan choices you make today could impact you for the rest of your life. For more information click Student Loan Repayment Interest Rate Tables