Additional Financial Aid Resources

Additional Aid / Financial Aid Alternatives

Federal Direct Stafford Loans

Subsidized/Unsubsidized (for both dependent and independent students; for students who already have a Bachelor’s degree) Students must be signed in with their own Federal Student Aid PIN. Click on the green Sign In button.

Direct Parent PLUS Loans

For parents of dependent students. Parents must be signed in with their own Federal Student Aid PIN. Click on the green Sign In button.

Private Loans

In order to apply for a federal student loan, you must complete the Free Application for Federal Student Aid or FAFSA. Federal loans are government loans and offer borrowers protections and alternative repayment options that private loans may not, such as income-based repayment and forgiveness programs. Federal student loans also have flat interest rates set by Congress, while the interest rate on a private student loan depends on your or your co-signer’s credit. You must apply for a private student loan through a bank, credit union or online lender. To help you with the decision-making process, here is a website that explains the differences between federal and private loans:

Students choose to take out private loans when:

  • They have already borrowed the maximum subsidized and unsubsidized federal student loans.
  • They have good credit or a co-signer has good credit (most private student loans require a co-signer).
  • They are borrowing only what they need.

Here is a website that lists various private loan lenders:

Dabney S. Lancaster Community College does not endorse any one private loan lender.

Office of Postsecondary Education

This site is managed by the US Department of Education and includes the following information:

  • School Code List
  • Free Application for Federal Student Aid (FAFSA)
  • Renewal FAFSA
  • Student Guide
  • Guide to Defaulted Loans

Additional sites managed by the US Department of Education

Student Aid Home Page

Funding Your Education

Help in completing the FAFSA

Additional web sites

Financial Awareness Basics

American Opportunity and Lifetime Learning Tax Credits

Selective Service Administration

State Council of Higher Education for Virginia (SCHEV) — Blog on Financial Aid for Higher Education in Virginia. An online resource for students, parents, and education personnel who are seeking information about federal and state financial aid. Provides an informal forum for Virginians to ask questions and gather information about financial aid opportunities.