Read carefully as the Private Loan process has recently changed. New changes include:
- FAFSA is now REQUIRED.
- Electronic Fund Transfer is new (from the lender to CTC).
- Student signatures on checks are no longer required.
- Private Loan funds can be used for BOOKSTORE purchases.
The Chattahoochee Financial Aid Office requires that students first apply for financial aid by filing the Free Application for Federal Student Aid (FAFSA) to be considered for any state or federal financial aid eligibility before considering private loan options.
Chattahoochee Technical College does not participate in the Federal Stafford Student Loan program or the Federal Parent PLUS Loan program. Loans should be used as a last resort to pay for education. Students needing loans to finance their education must consider private loan options.
Private student loans are different from federal student loans in that they are not guaranteed by the federal government, require a credit check, and often require a co-signer. Terms and conditions vary significantly by lender. Carefully consider your needs, and then select a loan product that best meets your individual situation.
The following alphabetical list of private loan products is provided for you to explore, because they offer a variety of loan options with competitive interest rates. You, however, are free to borrow from any lender you choose, even if they are not listed here. Chattahoochee Technical College does not endorse or support any specific lender or student loan program/product.
Your lender will notify us of your credit-approved application. After determining your actual eligibility, we will certify your loan. The process can take up to five (5) to six (6) weeks from the time you apply until receipt of funds.
If you choose a loan option that is not listed, please contact the lender directly to determine the application process.
Once the loan proceeds are electronically received by CTC, they will be disbursed to your CTC student account and your outstanding charges, if any, will automatically be deducted before the balance is sent out. Any remaining credit balances will be applied to your CTC One Card.
No loan funds will be disbursed before the start of classes, and refunds will be sent out according to the refund schedule issued by the Bursar’s office each term.
Bookstore credits are available. If your private loan disbursement and/or other sources of financial aid exceeds your tuition and fee balance, you will have a credit in the CTC bookstore.
If you charge books at the bookstore and later cancel your private student loan or drop your complete schedule prior to the first day of classes, you will be responsible for payment of the total book purchase to CTC immediately.
BORROW SMART. Technically, you can borrow student loans up to your cost of attendance, which includes not only tuition and fees, but also other expenses, such as housing, food, and transportation. But you are never required to borrow the maximum. If you only need funds for tuition and fees, borrow only that amount. Private loans must be repaid. So students should borrow smart, and borrow only what you need!