Loan Reminders and Limits
Loans are delivered in two equal disbursements each semester. The first disbursement is delivered shortly after the 11th day of class. The second disbursement is delivered after the midpoint of the semester.
First year, first time borrowers do not have funds disbursed to PTC until 30 days after classes begin.
Dependent students may qualify for a Parent Plus Loan. Credit checks will be required for the parent borrowing the loan. Please visit the Direct Loan for Parents for more detailed information.
PTC encourages responsible loan borrowing. Students will automatically be awarded their maximum subsidized loan amount, or its equivalent in unsubsidized loan funds. As outlined in the Master Promissory Note (MPN) and Entrance Counseling, unsubsidized loans accrue interest while the student is enrolled.
Loan limits for an academic year:
Dependent freshman (1-29 earned hours) - maximum $3500
Independent freshman (1-29 earned hours) - maximum $3500
Note: Students enrolled in a program that is one year in length will be considered a freshman. Aid is only awarded to programs approved by the U.S. Department of Education for funding.
Lifetime aggregate loan limits:
Undergraduate dependent students $31,500
Request For Additional Unsubsidized Funds
Students may request additional unsubsidized loan funds. Before making a request, review your current monthly payment projection by clicking here and accessing the loan repayment calculator.
Students must complete the following steps to request unsubsidized loans:
Note: Loan amounts and eligibility may vary based on a student’s cost of attendance, estimated family contribution, and other aid awards.
Pulaski Technical College