Types of Student Loans at Ventura College 

  • Federal Direct Subsidized and Unsubsidized Loans

  • Federal Direct PLUS Loans (Parent Loans for Undergraduate Students)

  • Private Loans 

Students who receive federal student loans, will be required to repay that loan with interest. It is important to understand how interest is calculated and what fees are associated with your loan.  To better understand how the interest and fees are calculated, please visit Federal Student Aid.

Federal Direct Subsidized and Unsubsidized Loans

Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, trade, career, or technical school.  The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans (also referred to as Stafford Loans or Direct Stafford Loans).

Federal Direct Parent Loan for Undergraduate Students (PLUS) Loans

PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay educational expenses. The U.S. Department of Education makes Direct PLUS Loans to eligible borrowers through schools participating in the Direct Loan Program.  Ventura College participates in the William D. Ford Direct Loan Program.  The lender for this program is the U.S. Department of Education.

Here is a quick overview of Direct PLUS Loans:

  • The U.S. Department of Education is the lender.
  • The borrower must not have an adverse credit history.
  • The maximum loan amount is the student's cost of attendance (determined by the school) minus any other financial aid received.

Private Loans

Private loans are funded by banks, credit unions or other private lending institutions. Private loans serve as a private funding resource, but typically do not include many of the benefits that federal students loans do such as deferment provisions, fixed interest rates, and income-based repayment plans. All students who are considering private loans should first submit a FAFSA and learn about their eligibility for federal loans before applying for a private loan. Keep in mind that private loans, along with other aid and educational resources, can never exceed the Cost of Attendance.