Consider borrowing money at a student rate to help you pay for college and college-related expenses. Be sure to do your research to find out the different interest rates, true costs, and duration of loans available to you.
Federal Direct Student Loans are a long-term financial obligation. Getting a loan means you are responsible for repaying the money you borrow, including interest costs and fees. Use the Repayment Plan Estimator to determine payment amounts for each repayment plan based on your loan balance and anticipated income. This tool can be used by all our students regardless of loan servicer.
Sierra College partnered with ECMC Solutions to provide student loan counseling and support to borrowers as they navigate federal student loan repayment.
To learn more, contact ECMC Solutions by calling 1 (877) 331-3262 or visit the ECMC Solutions website to schedule a one-on-one ECMC counseling appointment, connect through email, or web chat with a student loan counselor. The team at ECMC also offers a free webinar series to support borrowers as they navigate repayment.
Before you request a loan, find out the actual costs, interest rates and how long it will take to repay the loan. Go to The Federal Student Aid website for answers to these questions and more.
Only use your student loan to pay for your education expenses at the school that is giving you the loan. Education expenses include:
Indirect education expenses include:
You do not need credit checks and co-signers for Federal Direct Student Loans. However, you cannot: