Types of Financial Aid


Town & Country Book Loan
Aiken County students that do not have enough financial aid resources to cover their cost of books and supplies can apply for a Town & Country Loan. The maximum loan amount is $300. This is a loan and must be repaid within the semester. Town & Country Loan Applications are available in the Financial Aid Office located in room 303.
Federal Direct Stafford Loan
The Federal Direct Stafford Loan Program is designed to assist students with their cost of education. Unlike a grant, a loan must be paid back. Aiken Technical College offers a vast number of free aid programs and we encourage students to seek all free aid resources before considering loans.
To qualify for a Direct Loan students must meet the following requirements:
  • Meet Title IV Satisfactory Academic Progress (SAP),
  • Enroll in at least 6 credit hours,
  • Enroll in an eligible program,
  • Not be in default or in an overpayment status of Title IV aid.
New ATC student borrowers must complete the following items to apply for a Direct Stafford Loan.
  1. Free Application for Federal Student Aid at www.fafsa.gov
  2. Direct Loan Request Application
  3. Electronic Master Promissory Note (MPN) at www.StudentLoans.gov
  4. Entrance Loan Counseling at www.StudentLoans.gov
Returning ATC student borrowers must complete the following items to apply for a Direct Stafford Loan:
  1. Free Application for Federal Student Aid at www.fafsa.gov
  2. Direct Loan Request Application
The MPN is a promise to the lender that you understand you are receiving a loan and that you promise to repay the funds. All loan awards are based on the assumption that you will take and maintain at least six or more credit hours. If you drop below or enroll in less than six credit hours, you will not be eligible to receive the loan funds.
The Entrance Counseling session is a tutorial which explains a student’s rights and responsibilities as a borrower.
Instructions for Completing the ATC Federal Direct Loan Application Process
  1. Complete the Free Application for Federal Student Aid (FAFSA). Be sure to list ATC’s school code: 010056 on the application.
  2. Submit all requested documentation to the Financial Aid Office (FAO)
  3. Once your file is complete, you will receive an award letter or a letter informing you of your options.
  4. If you wish to apply for a loan, complete this Direct Loan Request
  5. You must complete a Master Promissory Note (MPN) at www.StudentLoans.gov. The MPN is a legally binding agreement to repay your loan to the Department of Education. To sign your MPN, you will need your FAFSA PIN. Go to “Manage My Direct Loan” and sign in with your PIN. Select “Complete MPN” under “Master Promissory Note” section. Click on “Subsidized/Unsubsidized”, and follow instructions. If you don’t know your PIN or don’t have one, visit the PIN site at www.pin.ed.gov.
  6. If you are a first time student borrower at ATC, you must complete the online student loan counseling at www.StudentLoans.gov. Follow the same procedures in #5 to sign in. Select “Complete Entrance Counseling” under “Counseling” section, and follow instructions.
  7. If you are required to meet with the loan counselor by appointment, an additional requirement will be listed on “Missing Correspondence” as Loan Entrance Interview. Check “Web Advisor” at www.ATC.edu. For this additional requirement, contact the FAO to schedule an appointment at (803) 508-7263.
  8. Note: You must complete step # 6 prior to scheduling your Interview appointment.
  9. You will receive another award letter from the financial aid office notifying you of your loan award. You must sign and return the award letter to the financial aid office before the funds will be posted to your student account for tuition payment purposes.
  10. The loan request will be submitted to the appropriate federal agency.
  11. After final approval, you will receive disbursement information from the Department of Education.
Check with the Business Office to see when funds will be available to you. This process can take up to two weeks after the approval of the loan so you are encouraged to apply for a student loan early.
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