Pulaski Technical College: two year community college in central Arkansas

Loan Reminders and Limits

First year, first time borrowers do not have funds disbursed to PTC until 30 days after classes begin.

Every Loan must be delivered in two equal disbursements. The second disbursement must be delivered after the midpoint of the loan period. Borrowers typically receive one disbursement to coincide with fall and one to coincide with spring. Student’s enrolled for one semester only will receive one disbursement to coincide with the beginning of the semester and one disbursement following the midpoint of the semester.

Students must be enrolled in at least six (6) credit hours to be eligible for a student loan. Classes that you have successfully completed (a grade of D or better) will not be considered in determining your enrollment status for federal financial aid which includes student loans.

Loan limits for an academic year:

Dependent freshman (1-29 hours) - maximum $3500 plus additional $2000 unsubsidized
Dependent sophomore (30+ hours) – maximum $4500 plus additional $2000 unsubsidized
Independent freshman (1-29 hours) - maximum $3500 plus additional $6000 unsubsidized
Independent sophomore (30+ hours) – maximum $4500 plus additional $6000 unsubsidized

Lifetime loan limits:

Undergraduate dependent students $31,500
Undergraduate Independent students $57,500
Graduate Students $138,500

Dependent students may qualify for a Parent loan. Credit checks will be required on the parent borrowing the loan. Please visit the Direct Loan for Parents section of this Web site for more detailed information.

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