Loans | ECTC


ECTC participates in the Federal Direct Loan Program. Direct Lending is when eligible students and parents borrow directly from the federal government. Direct Loans include Direct Subsidized, Unsubsidized Loans, and Direct PLUS Loans. Borrowers repay these loans directly to the U.S. Department of Education or a servicer appointed by the U. S. Department of Education.

To be eligible for student loans a student must maintain enrollment in at least 6 credit hours.

Steps to Borrow a Student Loan

To borrow a student loan, you must:

  • File your FAFSA;
  • Meet all of ECTC’s Admission and Financial Aid requirements;
  • Maintain Satisfactory Academic Progress and;
  • Enroll (and remain enrolled) in 6 credit hours or more for the term for which you are borrowing the student loan.

Steps to Process a Student Loan:

  1. If you are a first-time borrower as a ECTC student, you will need to login to with your FSAID and password (your FAFSA login credentials) and complete an Entrance Counseling and a Master Promissory Note (MPN). You will find these under the COMPLETE AID PROCESS menu.
  2. Loans are not automatically included in your financial aid package.  A link to request a student loan is available through your Self-Service under the Financial Aid Tile, called “FA Loan Request”.

Click on the hyperlink Loan Request. 

Note: You may cancel your request at any time before submitting the final step.

Verify student information:

  • Home Address
  • Phone Number
  • Email Address - *If changes need to be made, click the “change” hyperlink under the field you need to update
  • Check box to confirm information is correct and click “Continue”
  • Read Loan Request Acknowledgment Statements  
  • Check box to confirm, and click "Continue"
  • Confirm you are or are not interested in a loan by clicking Yes or No and “Submit.”
  • Enter the amount of student loan you would like to request for the academic year in the Requesting Loan Amount box.  
  • Click Submit

Subsidized Loans

Direct Subsidized Loans are based on financial need as well as annual and aggregate loan limits. Interest on this loan does not accrue during eligible periods of enrollment and stated grace periods. Interest accrual and repayment begins six months after graduation or when a student is no longer enrolled at least half time (6 semester hours).

Unsubsidized Loans

Direct Stafford Unsubsidized Loans are based on annual and aggregate loan limits and is not based on financial need. Unlike the subsidized loan, the borrow must pay all interest that accrues regardless of enrollment status or loan deferments. Interest can be paid monthly or quarterly or be capitalized (added to the principal balance). Principal repayment begins six months after graduation or when the student is no longer enrolled at least half time (6 semester hours).


You will be required to sign a Master Promissory Note (MPN) prior to your loan funds disbursing to your account. You may ESign your MPN at student loans.

*The Terms and Conditions and the Rights and Responsibilities of Federal Student Loans are listed on the Master Promissory Note (MPN), which is signed by the borrower who is accepting the loan. If you would like to review this information before borrowing a loan, view a sample MPN for Federal Stafford or Federal PLUS loans. This MPN also provides a sample loan repayment schedule and the necessity for repaying any loans you borrow. (Please note: If you want to borrow a student loan, and need to sign your MPN, please go to


Federal Direct Loan student borrowers are required to complete mandatory entrance and exit counseling. The purpose of the counseling is to provide the student with information regarding their rights and responsibilities; the commitment that comes with the acceptance of a student loan; and to help the student understand how to manage their student loans. It is important for all borrowers to realize that student loans are not grants or scholarships; they require repayment.

You will need to have an FSA ID to access the entrance and exit counseling web sites. If you used an FSA ID to apply for federal financial aid, you will use that FSA ID to complete entrance and exit counseling.

Entrance Counseling

Entrance counseling is required for all first-time Federal Direct Stafford loan borrowers. Entrance counseling takes approximately 20-30 minutes to complete. After signing in on the student loans website to complete entrance counseling, be sure to click the Entrance Counseling link, not the Financial Awareness Counseling link.

The Office of Student Financial Aid receives results of entrance counseling. Federal Direct Stafford loans will not disburse until entrance counseling has been completed.

Exit Counseling

All student borrowers who leave the Elizabethtown Community and Technical College either by graduating, withdrawing, or failing to return for a subsequent semester are required by Federal Law to complete exit counseling on the web at Student borrowers must complete exit counseling. Exit counseling takes approximately 30-40 minutes to complete.

Maximum Annual Loan Limits

Subsidized And Unsubsidized Direct Loans
Undergraduate Student
Undergraduate Student
(0-29 semester hours)
No more than $3,500 of this amount
may be in subsidized loans
No more than $3,500 of this amount
may be in subsidized loans
(30-59 semester hours)
No more than $4,500 of this amount
may be in subsidized loans
No more than $4,500 of this amount
may be in subsidized loans

*Loan amounts may be reduced due to other aid awarded. Aid may not exceed Cost of Attendance.

Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers on or after July 1, 2013 (PDF).