Federal student loans can help you pay for educational expenses when grants, scholarships, work-study, and other financial aid are not enough to cover your costs. Because loans are borrowed money, they must be repaid with interest.
At Ventura College, we encourage students and families to borrow only what they need and to explore grants, scholarships, work-study, and other financial aid options before borrowing.
Ventura College participates in the William D. Ford Federal Direct Loan Program, where the U.S. Department of Education is the lender. Federal Direct Loans available to eligible Ventura College students and families include Direct Subsidized Loans, Direct Unsubsidized Loans, and Parent PLUS Loans.
Private educational loans are also available through private lenders but are not part of the federal student loan program. Students are encouraged to review their federal financial aid and federal student loan options before considering a private educational loan.
Student Loan Options
Ventura College provides information and assistance for the following loan options:
- Federal Direct Subsidized Loans – for eligible undergraduate students with financial need
- Federal Direct Unsubsidized Loans – for eligible undergraduate students; financial need is not required
- Federal Direct Parent PLUS Loans – for eligible parents of dependent undergraduate students
- Private Educational Loans – nonfederal loans offered by private lenders
Federal Direct Subsidized and Unsubsidized Loans
Federal Direct Subsidized and Unsubsidized Loans are federal student loans available to eligible undergraduate students to help pay for educational expenses at Ventura College.
Federal Direct Subsidized Loan
A Federal Direct Subsidized Loan is based on financial need. The U.S. Department of Education generally pays the interest while you are enrolled at least half-time and during other eligible periods.
Federal Direct Unsubsidized Loan
A Federal Direct Unsubsidized Loan is not based on financial need. Interest begins accruing when the loan is disbursed, and you are responsible for the interest that accrues.
To be eligible for a Federal Direct Subsidized or Unsubsidized Loan at Ventura College, you must:
- Complete the Free Application for Federal Student Aid (FAFSA) for the appropriate academic year.
- Meet all applicable federal student aid eligibility requirements.
- Be admitted to and enrolled in an eligible degree or certificate program at Ventura College.
- Be enrolled in and maintain at least 6 eligible degree-applicable units (half-time) at the time of loan disbursement.
- Meet Ventura College's Satisfactory Academic Progress (SAP) requirements.
- Complete all required financial aid documents and resolve any outstanding eligibility requirements.
- Complete Entrance Counseling if you are a first-time Federal Direct Loan borrower.
- Complete a Master Promissory Note (MPN).
- Have remaining federal loan eligibility.
- Meet all applicable requirements related to attendance and repeated coursework.
Important: Being enrolled in 6 or more units does not guarantee that all enrolled units are eligible for federal financial aid or that you will qualify for the maximum loan amount. Ventura College will determine your loan eligibility based on your individual financial aid record and applicable federal requirements.
For additional information about federal student loan eligibility, visit Federal Student Aid – Subsidized and Unsubsidized Loans.
Beginning with the 2026–2027 award year, the amount you may be eligible to borrow in Federal Direct Subsidized and Unsubsidized Loans may be affected by your enrollment level.
Federal law requires annual Federal Direct Loan limits to be reduced for students enrolled less than full-time in applicable programs.
Enrollment and Loan Eligibility Beginning July 1, 2026
For semester-based programs at Ventura College, your loan eligibility is based on your enrollment in eligible coursework:
| Eligible Units | Percentage of Annual Loan Limit |
|---|---|
| 12 or more units | 50.00% per semester |
| 11 units | 45.83% per semester |
| 10 units | 41.67% per semester |
| 9 units | 37.50% per semester |
| 8 units | 33.33% per semester |
| 7 units | 29.17% per semester |
| 6 units | 25.00% per semester |
| Fewer than 6 units | Not eligible |
Important: Your enrollment level may affect the amount you are eligible to borrow. Changes to your enrollment may result in your loan eligibility being recalculated.
Receiving the maximum Federal Direct Loan amount is not guaranteed. Ventura College will determine your actual loan eligibility based on your enrollment, annual loan limit, Cost of Attendance, financial need when applicable, other financial aid and educational assistance, prior borrowing during the academic year, and remaining federal loan eligibility.
Limited Exception for Certain Students
Certain students may qualify for a limited exception to the new enrollment-based loan reductions under federal law.
Generally, the exception may apply when a student was enrolled in their current program of study and received a qualifying Federal Direct Loan for that program before July 1, 2026, and continues to meet applicable federal requirements.
Ventura College will determine whether a student qualifies for the limited exception based on federal requirements, the student's federal loan history, and enrollment in their current program of study.
Federal law limits the amount you may borrow in Federal Direct Subsidized and Unsubsidized Loans each academic year and over the course of your undergraduate education.
Your annual loan limit is based primarily on your grade level and dependency status. The amount you are actually eligible to receive may be less than the maximum annual limit based on your enrollment and other applicable eligibility requirements.
Annual Federal Direct Loan Limits
| Grade Level | Dependent Student | Independent Student |
|---|---|---|
| First Year | $5,500 (up to $3,500 subsidized) | $9,500 (up to $3,500 subsidized) |
| Second Year | $6,500 (up to $4,500 subsidized) | $10,500 (up to $4,500 subsidized) |
| Third and Fourth Year* | $7,500 (up to $5,500 subsidized) | $12,500 (up to $5,500 subsidized) |
Third- and fourth-year annual loan limits apply only to students enrolled in Ventura College's bachelor's degree program who have attained junior or senior academic standing.
Important: These are maximum annual Federal Direct Loan limits. Your actual eligibility may be lower based on your enrollment, Cost of Attendance, financial need, other financial aid and educational assistance, prior borrowing during the academic year, and remaining federal loan eligibility.
See How Enrollment Affects Your Federal Direct Loan Amount for information about enrollment-based loan-limit reductions beginning with the 2026–2027 award year.
Transfer Students and Prior-Year Borrowing
If you attended another college or university during the same academic year and received Federal Direct Loans, the amount you already borrowed may reduce the amount you are eligible to receive at Ventura College.
Federal annual loan limits apply to the entire academic year, not separately to each college or university attended.
Ventura College will review your federal loan history when determining your remaining eligibility.
Aggregate Federal Direct Loan Limits
Federal law also limits the total amount you may borrow in Federal Direct Subsidized and Unsubsidized Loans over the course of your undergraduate education.
| Dependency Status | Aggregate Loan Limit | Maximum Subsidized Portion |
| Dependent Undergraduate | $31,000 | No more than $23,000 may be subsidized |
| Independent Undergraduate | $57,500 | No more than $23,000 may be subsidized |
Dependent undergraduate students whose parents are unable to obtain a Parent PLUS Loan may qualify for additional Federal Direct Unsubsidized Loan funds, subject to applicable federal requirements.
Federal Lifetime Loan Limit Beginning July 1, 2026
Beginning July 1, 2026, federal law establishes a $257,500 lifetime limit on the total amount an individual may borrow through applicable federal student loan programs.
The lifetime limit generally includes applicable Federal Direct Loans borrowed for undergraduate, graduate, and professional study. Parent PLUS Loans borrowed by a parent on behalf of a dependent student are not included in the student's $257,500 lifetime limit.
Ventura College will determine your remaining federal loan eligibility based on applicable federal requirements and your federal loan history.
If you borrow a Federal Direct Loan, you are responsible for repaying the loan plus any interest and applicable loan fees.
Understanding how interest and loan fees work can help you make informed borrowing decisions and estimate your future repayment costs.
Interest Rates
Federal Direct Subsidized and Unsubsidized Loans have fixed interest rates, which means the interest rate for each loan remains the same for the life of that loan.
Interest rates are established annually under federal law and apply to loans first disbursed between July 1 and June 30.
Because federal student loan interest rates may change each year, Ventura College does not publish specific rates on this webpage.
For current Federal Direct Loan interest rates, visit Federal Student Aid – Interest Rates and Fees.
When Does Interest Accrue?
Federal Direct Subsidized Loans
The U.S. Department of Education generally pays the interest while you are enrolled at least half-time and during other eligible periods.
Federal Direct Unsubsidized Loans
Interest begins accruing when the loan is disbursed. You are responsible for the interest that accrues on an Unsubsidized Loan.
Loan Fees
Federal Direct Subsidized and Unsubsidized Loans are subject to a federal loan origination fee, which is a percentage of the total loan amount.
The loan fee is deducted proportionately from each loan disbursement before the funds are released to you. As a result, the amount you receive will be slightly less than the amount you borrow.
Example:
- Loan Amount: $2,000
- Less applicable loan fee
- Amount Disbursed: Slightly less than $2,000
You are responsible for repaying the full amount borrowed, not just the amount you receive after the loan fee is deducted.
For current loan fee percentages, visit Federal Student Aid – Interest Rates and Fees.
Estimate Your Loan Repayment
Before borrowing, we encourage you to estimate your future monthly loan payments using the Federal Student Aid Loan Simulator.
The Loan Simulator can help you:
- Estimate monthly payments
- Compare available repayment options
- Estimate total interest paid
- Understand the potential long-term cost of borrowing
Helpful Resources
Before requesting a Federal Direct Loan, complete the following steps:
Step 1: Complete the FAFSA
Submit the Free Application for Federal Student Aid (FAFSA) for the appropriate academic year.
Ventura College's Federal School Code is 001334.
Step 2: Complete All Required Financial Aid Items
Log in to your my.vcccd.edu student portal and review your financial aid requirements.
Complete all outstanding items requested by the Ventura College Financial Aid Office before submitting your loan request.
Step 3: Meet Satisfactory Academic Progress (SAP)
You must meet Ventura College's Satisfactory Academic Progress (SAP) standards to be eligible for a Federal Direct Loan.
If you are not meeting SAP requirements, your loan cannot be processed unless you regain eligibility or have an approved SAP appeal, as applicable.
Step 4: Complete Entrance Counseling
If you are a first-time Federal Direct Loan borrower you must complete Entrance Counseling through StudentAid.gov.
Entrance Counseling explains your rights and responsibilities as a federal student loan borrower.
Step 5: Complete a Master Promissory Note (MPN)
First-time Federal Direct Loan borrowers must complete a Master Promissory Note (MPN) through StudentAid.gov.
The MPN is your legal agreement to repay the loan and any accrued interest and fees.
Step 6: Submit Your Ventura College Direct Loan Request
Log in to your MyVCCCD Portal.
- Under Financial Aid, select Online Financial Aid Account-VC.
- Log in to your Online Financial Aid Account.
- Select Manage Requests.
- Under the 2026–2027 column, click the orange + (plus sign) next to Federal Direct Loans.
Complete all required information and submit the Federal Direct Loan Request Form for review by the Ventura College Financial Aid Office.
As part of the request, you will be required to upload a copy of a valid (unexpired), government-issued photo ID, including both the front and back of the ID.
Important: Submitting a Federal Direct Loan Request Form does not guarantee loan approval or a specific loan amount. The Ventura College Financial Aid Office will review your request and determine your eligibility in accordance with federal requirements.
Step 7: Financial Aid Office Review
Submitting a loan request does not guarantee loan approval or a specific loan amount.
The Ventura College Financial Aid Office will review your request and determine your eligibility based on federal requirements and your individual financial aid record.
Your loan eligibility may be affected by factors including your:
- Enrollment in eligible degree-applicable coursework
- Grade level and dependency status
- Cost of Attendance
- Financial need
- Other financial aid or educational assistance
- Previous federal student loan borrowing
- Annual and aggregate loan limits
- Remaining federal loan eligibility
- Satisfactory Academic Progress status
You may be contacted if additional information or documentation is required before your loan can be processed.
Important Information for First-Time, First-Year Borrowers
If you are a first-year undergraduate student and a first-time federal student loan borrower, federal regulations require Ventura College to delay your first loan disbursement until 30 days after the first day of your program of study.
This federal requirement may affect when you receive your first loan disbursement.
Do I have to accept or borrow the full loan amount I am offered?
No. You are not required to borrow the maximum amount for which you are eligible. You may request a lower amount based on your educational expenses and individual needs.
Ventura College encourages students to borrow only what they need and to consider their ability to repay before accepting a student loan.
Do I need to be enrolled full-time to receive a Federal Direct Loan?
No. You must generally be enrolled in at least 6 eligible degree-applicable units (half-time) to receive a Federal Direct Loan.
Beginning with the 2026–2027 award year, federal loan limits are reduced for students enrolled less than full-time. As a result, the amount you are eligible to borrow may be lower if you are enrolled in fewer than 12 eligible units.
What happens to my loan if I drop a class?
Dropping or withdrawing from a class may affect your loan eligibility.
If your enrollment changes before your loan is disbursed, Ventura College may be required to recalculate your loan eligibility. If you drop below half-time enrollment, you may no longer be eligible to receive a Federal Direct Loan disbursement.
Enrollment changes may also affect your financial aid eligibility and Satisfactory Academic Progress (SAP).
Contact the Ventura College Financial Aid Office before making enrollment changes if you have questions about how they may affect your financial aid.
Can I receive a Federal Direct Loan for classes that are not required for my program?
Federal financial aid generally may be paid only for coursework that applies toward your eligible degree or certificate program.
Courses that do not apply toward your program of study may not count toward the enrollment used to determine your federal student loan eligibility.
Can I receive my entire annual loan amount in one semester?
Generally, no. Beginning with the 2026–2027 award year, federal law limits the amount of an annual Federal Direct Loan that may be received for a single semester.
Certain exceptions may apply under federal regulations. Ventura College will determine your loan eligibility based on your enrollment, loan period, program, federal loan history, and applicable federal requirements.
I already borrowed a student loan at another college this academic year. Can I still borrow at Ventura College?
Possibly. Federal annual loan limits apply to the total amount you borrow during the academic year, even if you attend more than one college.
Ventura College will review your federal loan history and determine whether you have any remaining annual loan eligibility.
Why is my approved loan amount less than the amount I requested?
The amount you request is not necessarily the amount you are eligible to receive.
Your loan eligibility may be affected by your grade level, dependency status, enrollment, Cost of Attendance, financial need, other financial aid or educational assistance, previous borrowing, and remaining annual and aggregate federal loan eligibility.
Ventura College will determine the amount you are eligible to receive in accordance with federal requirements.
When will I receive my loan funds?
Federal Direct Loan funds are disbursed according to Ventura College's financial aid disbursement schedule after all applicable eligibility requirements have been met.
Your disbursement may be affected by your enrollment, completion of required loan documents, attendance, eligibility changes, or other federal requirements.
First-year undergraduate students who are also first-time federal student loan borrowers are subject to a federally required 30-day delay before their first loan disbursement.
What happens if I am a first-time student loan borrower?
First-time Federal Direct Loan borrowers must complete Entrance Counseling and a Master Promissory Note (MPN) before receiving loan funds.
If you are also a first-year undergraduate student, your first loan disbursement is subject to the federal 30-day delayed disbursement requirement.
Can I cancel or reduce my Federal Direct Loan after it has been approved?
Yes. You may request to cancel or reduce all or a portion of your Federal Direct Loan.
See the Need to Cancel or Reduce Your Loan? section of this webpage for instructions and applicable deadlines.
What happens if I graduate, leave Ventura College, or drop below half-time enrollment?
If you graduate, leave school, or drop below half-time enrollment, you are generally required to complete Exit Counseling.
For most Federal Direct Subsidized and Unsubsidized Loans, repayment generally begins after the applicable six-month grace period.
Exit Counseling provides important information about your loan balance, repayment responsibilities, and available repayment options.
Where can I see how much I have borrowed in federal student loans?
Log in to your StudentAid.gov account to view your federal student loan history, including your loan balances and loan servicer information.
For additional information, visit Federal Student Aid – Subsidized and Unsubsidized Loans.
If you decide that you no longer need all or part of your Federal Direct Loan, you may request to cancel or reduce your loan.
Before Your Loan Is Disbursed
You may cancel all or part of your Federal Direct Loan at any time before the loan is disbursed by notifying the Ventura College Financial Aid Office.
After Your Loan Is Disbursed
If your loan has already been disbursed, you may still be able to reduce or cancel your loan using one of the options below.
Option 1: Submit a Financial Aid Revision Form
Ventura College establishes deadlines each term for students requesting to reduce or cancel a Federal Direct Loan after disbursement.
Complete the Financial Aid Revision Form
Option 2: Return Your Loan Funds Within 120 Days
Federal regulations allow borrowers to return all or part of a Federal Direct Loan within 120 days of the disbursement date.
If the funds are returned within this timeframe, no interest or loan fees will be charged on the amount returned.
For assistance with returning loan funds after disbursement, contact your federal loan servicer.
To locate your federal loan servicer, visit:
Additional Information
To learn more about your rights and responsibilities as a federal student loan borrower, visit:
Understanding Federal Student Loans
If you have questions or need assistance, please contact the Ventura College Financial Aid Office.
Welcome Veterans and Military-Connected Students
Thank you for your service!
Ventura College is honored to serve veterans, active-duty service members, National Guard members, Reservists, and eligible dependents. We are committed to helping you understand the financial aid and education benefits that may be available to you.
In addition to VA Education Benefits, veterans and eligible students are encouraged to apply for federal and state financial aid. Certain veterans education benefits are not considered when determining eligibility for federal student aid, so you may also qualify for grants, work-study, scholarships, and Federal Direct Loans.
To apply for federal student aid, complete the Free Application for Federal Student Aid (FAFSA).
Financial Aid Assistance
Ventura College provides financial aid assistance to veterans and military-connected students through the Financial Aid Office and Veterans Resource Center.
If you have questions about financial aid eligibility, VA education benefits, or available resources, please contact our Veterans Liaison.
Veterans Liaison
Micsin Martinez
Financial Aid Specialist / Veterans Liaison
Phone: (805) 289-6161
Email: micsin_martinez1@vcccd.edu
California College Fee Waiver for Veteran Dependents
If you are the spouse, child, or registered domestic partner of a qualifying veteran, you may be eligible for the California College Fee Waiver for Veteran Dependents.
Eligibility may include dependents of veterans who:
- Served during a qualifying period of military service
- Have a service-connected disability
- Died while on active duty
- Died as the result of a service-connected disability
Dependents of California National Guard members who were killed or permanently disabled while serving the State of California may also qualify for similar benefits.
Complete the California College Fee Waiver Application for Veteran Dependents for additional eligibility and application information.
GI Bill® Education Benefits
The Ventura College Veterans Resource Center can assist students using VA education benefits, including:
- Post-9/11 GI Bill® (Chapter 33)
- Montgomery GI Bill® (Chapter 30)
- Montgomery GI Bill® Selected Reserve (Chapter 1606)
- Veteran Readiness and Employment (Chapter 31)
- Survivors' and Dependents' Educational Assistance (Chapter 35)
- Other VA Education Benefit Programs
For additional information about VA education benefits, visit VA Education Benefits
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA).
Financial Aid Programs Available to Veterans
Veterans and eligible dependents are encouraged to apply for all available financial aid programs. Depending on eligibility, students may qualify for:
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- California College Promise Grant (CCPG)
- Cal Grant
- Student Success Completion Grant (SSCG)
- Ventura College Foundation Scholarships
- Federal Work-Study
- Federal Direct Loans
Receiving VA education benefits does not automatically disqualify you from receiving other forms of financial aid. Eligibility for each financial aid program is determined according to the requirements of that program.
Military Service and Federal Student Loan Deferment
If you have federal student loans and are called to active duty, you may qualify for a military service deferment or other repayment relief, depending on your circumstances and loan type.
Contact your federal loan servicer to discuss available repayment options.
For additional information, visit Federal Student Aid – Deferment and Forbearance and the U.S. Department of Veterans Affairs.
Note: Interest may continue to accrue on some federal student loans during periods of deferment or forbearance, depending on the loan type.
Helpful Resources
Free Application for Federal Student Aid (FAFSA)
California Department of Veterans Affairs (CalVet)
U.S. Department of Education College Scorecard
Federal Direct Parent PLUS Loans
The Federal Direct Parent PLUS Loan is a federal loan available to eligible parents of dependent undergraduate students to help pay educational expenses not covered by other financial aid.
The parent is the borrower and is responsible for repaying the loan, including applicable interest and loan fees.
Parents considering a Parent PLUS Loan are encouraged to review the eligibility requirements, borrowing limits, costs, repayment information, and application process below.
For additional information, visit Federal Student Aid – Parent PLUS Loans.
To be eligible for a Federal Direct Parent PLUS Loan, both the parent borrower and the student must meet applicable federal eligibility requirements.
Parent Eligibility
The parent borrower must:
- Be the student's biological or adoptive parent, or an eligible stepparent.
- Meet applicable citizenship or eligible noncitizen requirements.
- Meet federal credit requirements. A parent with an adverse credit history may still qualify by obtaining an eligible endorser or documenting extenuating circumstances to the satisfaction of the U.S. Department of Education.
- Meet other applicable federal student aid eligibility requirements, including requirements related to federal student loan defaults and federal grant overpayments.
Note: Grandparents, legal guardians, foster parents, and other relatives are not eligible to borrow a Parent PLUS Loan unless they have legally adopted the student.
Student Eligibility
The student must:
- Be classified as a dependent undergraduate student for federal student aid purposes.
- Be admitted to and enrolled in an eligible degree or certificate program at Ventura College.
- Be enrolled at least half-time in eligible coursework that applies toward the student's program of study.
- Meet applicable federal student aid eligibility requirements.
- Meet Ventura College's Satisfactory Academic Progress (SAP) requirements.
Students enrolled in Ventura College's bachelor's degree program are undergraduate students and may qualify for a Parent PLUS Loan if both the student and parent borrower meet all applicable federal eligibility requirements.
Important: Meeting the general eligibility requirements does not guarantee approval of a Parent PLUS Loan or a specific loan amount. Ventura College will determine the student's and parent borrower's eligibility in accordance with applicable federal requirements.
For additional eligibility information, visit Federal Student Aid – Parent PLUS Loans.
The amount a parent may borrow through the Federal Direct Parent PLUS Loan Program depends on federal loan limits, the student's enrollment, Cost of Attendance, other financial assistance, and remaining Parent PLUS Loan eligibility.
Receiving the maximum Parent PLUS Loan amount is not guaranteed. Ventura College will determine the amount a parent is eligible to borrow based on the student's individual financial aid record and applicable federal requirements.
Parent PLUS Loan Limits Beginning July 1, 2026
Beginning with the 2026–2027 award year, new federal Parent PLUS Loan limits apply to parent borrowers who are not eligible for a federal limited exception.
- The annual Parent PLUS Loan limit is $20,000 per dependent student.
- The aggregate Parent PLUS Loan limit is $65,000 per dependent student.
- These limits apply to the combined Parent PLUS Loans borrowed by all parents on behalf of the same dependent student.
The $65,000 aggregate limit includes Parent PLUS Loans previously borrowed on behalf of the dependent student, including loans borrowed at other institutions.
Once the $65,000 aggregate limit is reached, additional Parent PLUS Loans generally cannot be borrowed on behalf of that student, even if previous Parent PLUS Loans have been repaid, forgiven, canceled, or otherwise discharged.
Enrollment May Affect the Loan Amount
Beginning July 1, 2026, federal law requires annual loan limits to be reduced for students enrolled less than full-time in applicable term-based programs.
A student must be enrolled at least half-time in eligible coursework that applies toward the student's program of study to qualify for a Parent PLUS Loan.
Enrollment below full-time may reduce the amount a parent is eligible to borrow. Ventura College will determine the applicable loan limit based on the student's enrollment and federal requirements.
Limited Exception for Certain Borrowers
Certain students and parent borrowers may qualify for a limited exception to the new federal Parent PLUS Loan limits.
Generally, the exception may apply when the student was enrolled in their current program of study and received a qualifying Federal Direct Loan, or a parent borrowed a qualifying Parent PLUS Loan on the student's behalf, for that program before July 1, 2026, and the student continues to meet applicable federal requirements.
For eligible students and parent borrowers who qualify for the limited exception, the new Parent PLUS annual and aggregate loan limits do not apply during the exception period. During this period, an eligible parent may continue to borrow up to the student's Cost of Attendance minus other financial assistance, subject to applicable federal requirements.
Ventura College will determine whether a student and parent borrower qualify for the limited exception based on federal requirements and the student's federal loan history.
Cost of Attendance and Other Financial Assistance
A Parent PLUS Loan may not exceed the student's Cost of Attendance (COA) minus other financial assistance.
For parent borrowers subject to the new loan limits, the amount that may be borrowed is generally the lesser of the student's remaining eligibility after other financial assistance is subtracted from the Cost of Attendance or the applicable Parent PLUS Loan limit.
The amount a parent is actually eligible to borrow may therefore be less than the federal maximum.
Ventura College will determine the maximum Parent PLUS Loan amount based on factors including:
- The student's Cost of Attendance
- Other financial aid and educational assistance received
- The student's enrollment
- Parent PLUS Loans already borrowed on behalf of the student
- Applicable annual and aggregate loan limits
- Remaining Parent PLUS Loan eligibility
- Any applicable federal limited exception
Important: Parents are encouraged to borrow only what is needed to help meet the student's educational expenses. A parent may request less than the maximum amount for which they are eligible.
For additional information about Parent PLUS Loans, including eligibility and borrowing requirements, visit Federal Student Aid – Parent PLUS Loans.
For information about the Parent PLUS Loan changes beginning July 1, 2026, including the new annual and aggregate loan limits and limited exception, visit Federal Student Aid – PLUS Loan Credit Counseling and Updates.
Federal Direct Parent PLUS Loans have a fixed interest rate established annually by federal law. The interest rate is based on the date of the loan's first disbursement and remains fixed for the life of the loan.
Parent PLUS Loans are also subject to a federal loan origination fee, which is deducted proportionately from each loan disbursement. As a result, the amount received will be slightly less than the amount borrowed.
For current interest rates and loan fees, visit Federal Student Aid – Interest Rates and Fees.
Repayment
Parent PLUS Loans do not have a grace period. Repayment generally begins after the loan has been fully disbursed.
A parent borrower may request a deferment:
- While the student is enrolled at least half-time; and
- For an additional six months after the student graduates, leaves school, or drops below half-time enrollment.
Interest continues to accrue during periods of deferment.
The parent borrower is responsible for repaying the Parent PLUS Loan.
For additional information about Parent PLUS Loan eligibility, repayment, and borrower responsibilities, visit Federal Student Aid – Parent PLUS Loans.
Parents who wish to borrow a Federal Direct Parent PLUS Loan must complete the following steps:
Step 1: Complete the Direct PLUS Loan Application
Complete the Direct PLUS Loan Application through Federal Student Aid. The application includes a federal credit check for the parent borrower.
Step 2: Complete the Parent PLUS Master Promissory Note (MPN)
Complete and electronically sign the Parent PLUS Master Promissory Note (MPN) through Federal Student Aid.
Step 3: Submit the Ventura College Parent PLUS Loan Request Form
After completing the federal Direct PLUS Loan Application and Parent PLUS Master Promissory Note, submit the Ventura College Parent PLUS Loan Request Form to the Ventura College Financial Aid Office for processing.
Important Information
- The student must remain enrolled at least half-time in eligible coursework that applies toward the student's program of study.
- Enrollment and eligibility are verified before each loan disbursement.
- Changes in enrollment, financial aid, or other eligibility factors may reduce or cancel future loan disbursements.
- Submission of a Parent PLUS Loan request does not guarantee approval or a specific loan amount.
If the Parent PLUS Loan Is Denied
If a parent is unable to obtain a Parent PLUS Loan because of the federal credit review, the dependent student may be eligible for additional Federal Direct Unsubsidized Loan funds.
The Ventura College Financial Aid Office will review the student's eligibility after receiving notification of the credit decision. Additional documentation may be requested, if necessary.
If you have questions about the Parent PLUS Loan application process, please contact the Ventura College Financial Aid Office.
Can a parent borrow the full $20,000 annual Parent PLUS Loan limit?
Not necessarily. $20,000 is the maximum annual Parent PLUS Loan limit for parent borrowers subject to the new federal loan limits beginning July 1, 2026.
The actual amount a parent may borrow may be less based on the student's Cost of Attendance, other financial assistance, enrollment, Parent PLUS Loans already borrowed on behalf of the student, remaining aggregate eligibility, and other applicable federal requirements.
Can more than one parent borrow a Parent PLUS Loan for the same student?
Yes. More than one eligible parent may borrow a Parent PLUS Loan on behalf of the same dependent student. However, the federal annual and aggregate limits apply to the combined Parent PLUS Loans borrowed by all parents on behalf of that student.
For parent borrowers subject to the new limits, the combined annual amount generally may not exceed $20,000 per dependent student, and the combined aggregate amount may not exceed $65,000 per dependent student.
What happens if the student is enrolled less than full-time?
Beginning July 1, 2026, the applicable annual Parent PLUS Loan limit may be reduced when the student is enrolled less than full-time.
The student must remain enrolled at least half-time in eligible coursework that applies toward the student's program of study to qualify for a Parent PLUS Loan.
Ventura College will determine the amount the parent is eligible to borrow based on the student's enrollment and applicable federal requirements.
Can a parent borrow a Parent PLUS Loan for a student in Ventura College's bachelor's degree program?
Yes. Students enrolled in Ventura College's bachelor's degree program are undergraduate students. An eligible parent may borrow a Parent PLUS Loan on behalf of a dependent student in the bachelor's degree program if both the parent and student meet all applicable federal eligibility requirements.
What happens if the parent is denied a Parent PLUS Loan?
If a parent is unable to obtain a Parent PLUS Loan because of the federal credit review, the dependent student may be eligible for additional Federal Direct Unsubsidized Loan funds.
The Ventura College Financial Aid Office will review the student's eligibility after receiving notification of the credit decision.
Who is responsible for repaying a Parent PLUS Loan?
The parent borrower is legally responsible for repaying the Parent PLUS Loan. The loan is borrowed by the parent on behalf of the student and does not become the student's federal loan obligation.
When does repayment begin?
Parent PLUS Loans do not have a grace period. Repayment generally begins after the loan has been fully disbursed.
A parent borrower may request a deferment while the student is enrolled at least half-time and for an additional six months after the student graduates, leaves school, or drops below half-time enrollment. Interest continues to accrue during periods of deferment.
Can a parent request less than the maximum loan amount?
Yes. Parents are encouraged to borrow only what is needed to help meet the student's educational expenses. A parent may request an amount that is less than the maximum amount for which they are eligible.
Where can I find additional information about Parent PLUS Loans?
For additional information about Parent PLUS Loan eligibility, borrowing, interest rates, repayment, and borrower responsibilities, visit Federal Student Aid – Parent PLUS Loans.
Private Educational Loans
Private educational loans are offered by banks, credit unions, and other private lending institutions to help students pay for educational expenses.
Unlike federal student loans, private educational loans are not funded or guaranteed by the U.S. Department of Education. Interest rates, fees, repayment options, eligibility requirements, credit requirements, and borrower benefits vary by lender.
Before considering a private educational loan, Ventura College strongly encourages students to:
- Complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal and state financial aid.
- Review and consider available grants, scholarships, work-study, and Federal Direct Loans before borrowing through a private lender.
- Carefully compare lenders, interest rates, fees, repayment terms, borrower protections, and other loan conditions.
Private educational loans, when combined with other financial aid and educational resources, cannot exceed the student's Cost of Attendance (COA) as determined by Ventura College.
Federal student loans generally provide borrower protections and repayment options that may not be available with private educational loans. Students are encouraged to understand and compare federal student loan options before borrowing from a private lender.
For additional information about federal student aid, visit Federal Student Aid.
California Assembly Bill 721 (AB 721) requires Ventura College to provide information to students considering private educational loans about the differences between federal student loans and private educational loans.
Federal student loans generally offer borrower benefits and protections that private educational loans are not required to provide. Before applying for a private educational loan, students are encouraged to carefully consider federal student loan options, which may include:
- Fixed interest rates
- Income-driven repayment options for eligible borrowers
- Deferment and forbearance options
- Potential loan forgiveness programs for eligible borrowers
- Eligibility that generally does not depend on the borrower's credit history for Federal Direct Subsidized and Unsubsidized Loans
Students are strongly encouraged to complete the Free Application for Federal Student Aid (FAFSA) and review all available federal and state financial aid options before applying for a private educational loan.
For additional information about federal student loans, repayment options, and borrower protections, visit Federal Student Aid.
Federal and private educational loans have important differences. Students should carefully compare loan terms, costs, repayment options, and borrower protections before borrowing.
| Feature | Federal Direct Student Loans | Private Educational Loans |
|---|---|---|
| Lender | U.S. Department of Education | Bank, credit union, or other private lender |
| Interest Rate | Fixed for the life of the loan | May be fixed or variable, depending on the lender |
| Credit Check | Not required for Federal Direct Subsidized and Unsubsidized Loans | Generally based on creditworthiness and lender requirements |
| Cosigner | Not required for Federal Direct Subsidized and Unsubsidized Loans | May be required, depending on the borrower and lender |
| Repayment Options | Federal repayment plans are available based on the loan type and borrower eligibility | Repayment options vary by lender |
| Income-Based Repayment Options | Certain federal loans may qualify for repayment options based on income | Not generally available unless offered by the lender |
| Deferment and Forbearance | Available under certain federal eligibility requirements | Availability and terms vary by lender |
| Loan Forgiveness or Discharge | Certain federal loans may qualify under applicable federal programs | Generally not available, although some lenders or programs may offer limited benefits |
| Borrower Protections | Established by federal law and regulations | Determined by the lender, loan agreement, and applicable law |
| FAFSA Required | Yes, for Federal Direct Subsidized and Unsubsidized Loans | Generally no; lender requirements vary |
Important: Private educational loan terms vary significantly by lender. Before borrowing, carefully review the interest rate, whether the rate is fixed or variable, fees, repayment terms, cosigner requirements, borrower protections, and the total amount you may be required to repay.
Students are encouraged to review their federal student aid eligibility before considering a private educational loan.
For additional information about federal student loans, visit Federal Student Aid.
Follow these steps to apply for a private educational loan at Ventura College.
Step 1: Complete the FAFSA
Complete the Free Application for Federal Student Aid (FAFSA) for the applicable academic year before applying for a private educational loan.
Ventura College requires a completed FAFSA before the Financial Aid Office will certify a private educational loan. Completing the FAFSA also allows Ventura College to determine your eligibility for available federal and state financial aid before private loan funds are certified.
Ventura College Federal School Code: 001334
Step 2: Apply With a Private Lender
Apply for a private educational loan through the lender of your choice.
Private educational loans are generally credit-based. Depending on the lender's requirements and your credit history, a creditworthy cosigner may be required.
Carefully review the lender's interest rate, fees, repayment terms, cosigner requirements, borrower protections, and other loan conditions before borrowing.
Step 3: Meet Ventura College Certification Requirements
Eligibility requirements for private educational loans vary by lender. Depending on the lender and loan program, requirements may include:
- Enrollment in a minimum number of units
- Enrollment in an eligible degree or certificate program
- Satisfactory Academic Progress
- Creditworthiness or an eligible cosigner
- Citizenship or residency requirements
- Other lender-specific eligibility requirements
Students should carefully review and meet all eligibility requirements established by their selected lender.
Step 4: Submit the Ventura College Private Loan Request Form
Complete and submit the Ventura College Private Loan Request Form to the Financial Aid Office.
The Financial Aid Office will review your request and determine the amount Ventura College is able to certify based on your Cost of Attendance, other financial aid and educational resources, enrollment, lender requirements, and other applicable requirements.
Step 5: Complete the Private Education Loan Applicant Self-Certification Form
Federal law requires a borrower to complete a Private Education Loan Applicant Self-Certification Form before a private educational loan can be finalized.
Your lender will generally provide the self-certification form as part of the private educational loan application process. Follow your lender's instructions for completing and submitting the form.
Important
Private educational loans, when combined with other financial aid and educational resources, cannot exceed your Cost of Attendance (COA) as determined by Ventura College.
The amount requested from a private lender may be reduced if the requested amount exceeds your remaining eligibility.
Approval by a private lender does not guarantee that Ventura College can certify the full amount requested.
Do I Have to Complete the FAFSA Before Applying for a Private Educational Loan?
Yes. Ventura College requires students requesting certification of a private educational loan to complete the Free Application for Federal Student Aid (FAFSA) for the applicable academic year.
Completing the FAFSA allows Ventura College to determine your eligibility for available federal and state financial aid, including grants, work-study, and Federal Direct Loans, before certifying a private educational loan.
Ventura College Federal School Code: 001334
How Much Can I Borrow Through a Private Educational Loan?
The amount you may borrow depends on the lender's requirements and your remaining eligibility within Ventura College's Cost of Attendance (COA).
Private educational loans, when combined with other financial aid and educational resources, cannot exceed your Cost of Attendance. Ventura College may certify an amount that is less than the amount requested or approved by your lender.
Do I Need to Be Enrolled at Least Half-Time?
Not necessarily. Enrollment requirements vary by lender and loan program. Some private lenders may require half-time enrollment, while others may allow different enrollment levels.
Review your lender's enrollment requirements before applying.
Do I Need to Meet Satisfactory Academic Progress (SAP)?
Academic requirements vary by lender and loan program. Some lenders may require students to meet Satisfactory Academic Progress or other academic standards.
Review the eligibility requirements established by your selected lender.
Do Private Educational Loans Require a Credit Check?
Private educational loans are generally credit-based. The lender determines eligibility based on its credit and underwriting requirements.
Students who do not meet a lender's credit requirements may need a creditworthy cosigner.
Can I Choose My Own Private Lender?
Yes. You may select the private educational lender of your choice. Ventura College does not require students to borrow from a particular private lender.
Before selecting a lender, carefully compare interest rates, fees, repayment terms, cosigner requirements, borrower protections, and other loan conditions.
Does Approval by a Private Lender Guarantee That Ventura College Will Certify My Loan?
No. Approval by a private lender does not guarantee that Ventura College can certify the full amount requested.
The Financial Aid Office must review the loan request and determine the amount that can be certified based on your Cost of Attendance, other financial aid and educational resources, lender requirements, and other applicable requirements.
What Is the Private Education Loan Applicant Self-Certification Form?
Federal law requires private education loan applicants to complete a Private Education Loan Applicant Self-Certification Form before the loan can be finalized.
The form includes information about your Cost of Attendance, estimated financial assistance, and the difference between those amounts. Your lender will generally provide the form and instructions for completing it.
When Will My Private Educational Loan Be Disbursed?
Disbursement timing varies depending on the lender, completion of required loan documents, Ventura College's certification process, and applicable waiting periods.
Private educational loan funds cannot be disbursed until all applicable lender and certification requirements have been completed.
Who Should I Contact if I Have Questions About My Private Educational Loan?
Contact your private lender for questions about interest rates, credit decisions, cosigner requirements, repayment terms, or lender-specific eligibility requirements.
Contact the Ventura College Financial Aid Office for questions about Ventura College's loan certification process, Cost of Attendance, or your financial aid record.
Cohort Default Rates
Ventura College is committed to promoting responsible borrowing, financial literacy, and successful student loan repayment. One measure used to evaluate federal student loan repayment outcomes is the Cohort Default Rate (CDR).
Ventura College Official Cohort Default Rates
| Cohort Fiscal Year | Official CDR |
|---|---|
| 2022 | 0.0% |
| 2021 | 0.0% |
| 2020 | 0.0% |
| 2019 | 4.2% |
What Is a Cohort Default Rate?
The U.S. Department of Education calculates an institution's Cohort Default Rate based on the percentage of federal student loan borrowers who enter repayment during a federal fiscal year (October 1 through September 30) and default within the applicable federal monitoring period.
The Cohort Default Rate is one indicator of student loan repayment outcomes and may be used to help institutions identify opportunities to provide borrowers with additional repayment information and resources.
Borrower Repayment Information and Resources
If Ventura College's official Cohort Default Rate exceeds the national average, Ventura College will notify identified federal student loan borrowers, including Service Members and veterans, through their official Ventura College email and provide information about available federal student loan repayment options and resources.
For additional information about managing and repaying federal student loans, visit Federal Student Aid – Prepare for Student Loan Payments.