William D. Ford Direct Loan Program
After careful institutional considerations, Vance-Granville Community College will not participate in the William D. Ford Federal Direct Loan Program beginning with the 2013 - 2014 academic year. We will continue to offer financial aid through Federal, State, and Institutional Aid programs. Please contact our office to learn about additional resources available to students such as VGCC scholarships and the Tuition Payment Plan.
Graduating or Leaving VGCC
All students who received a Federal Direct Loan at VGCC MUST complete the Exit Counseling when they drop below half-time enrollment, leave the college or graduate. Click on this link to complete the Exit Counseling online.
After signing in, you will click on “Complete Counseling” and then “Exit” for the counseling type. After successful completion of the Exit Counseling, VGCC will receive confirmation electronically.
- To determine what type of loan you have had, how much your loan balance or total debt is, or who your loan servicer is: Call 1-800-4-FED-AID or check the National Student Loan Data System at NSLDS Student Access.
- To resolve a problem with your loan, request payment relief, cancellation or discharge, contact your loan servicer.
- If you have further concerns or complaints, contact the Federal Student Aid Ombudsman at 1-877-557-2575 or at FSA Student Loan Ombudsman Group. You may also contact the FSA Student Loan Ombudsman Group via telephone at 877-557-2575, via fax at 202-275-0549 or via mail at 830 First Street, N. E., Mail Stop 5144, Washington, D.C. 20202-5144.
- When you graduate or leave VGCC, you may want to consider consolidating your student loans in order to have one single payment, rather than several payments for different loans or to different lenders. For more information on loan consolidation, click this link: Loan Consolidation.
Vance-Granville Community College's Financial Aid Office provides information for students, prospective students, and parents to help make informed choices about their financial aid options. Before applying for a private loan, we strongly encourage students to consider and apply for other forms of financial aid, including VGCC scholarships. The private student loan information provided is a guideline only to assist students. Our website can help assist with the financial aid process and should be used as a tool.
Many private lenders offer alternative loans; however, the choice of which lender to borrow from is a decision the student must make. Our office will certify an alternative loan from any lender the student chooses. Students should carefully read each lender’s information about loan limits, interest rates, fees and loan terms. Most lenders require a good credit rating and may also require a co-signer. VGCC does not endorse any lender and is not responsible for the timeliness of private loans.
Private lenders are required to obtain a self-certification signed by the applicant before disbursing a private education loan. The Financial Aid Office will provide, upon request, a Private Education Loan Applicant Self-Certification form to students admitted or enrolled at VGCC. Students may request the Self-Certification form in writing or through their VGCC email account. After the form is completed by the Financial Aid Office, it will be returned to the student. It is then the student’s responsibility to return the form to his/her chosen lender.
For more information regarding private student loans click on the link below:
This information is subject to change due to changes in federal or state regulations, college policy, financial aid office procedures, or budgeting by any agency supplying financial aid funding. If you discover discrepancies with regard to other sources of information (federal publications, college publications, etc.), please notify the Financial Aid Office at (252) 738-3280.