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Student Loans

Like any loan, a student loan, must be paid back.  PCC has joined forces with the Department of Education and SALT in an effort to help students prevent excessive indebtedness and reduce loan default rates.  By reducing student loan debt and default rates we can improve students’ lives and empower them for a strong financial future. 

To this end, we are offering you more tools, tips and information about your loan options.  The following provides details about your loan options as well as directions for borrowing wisely to fund your educational and professional goals.

Note that all loans borrowed through Pima will be submitted to NSLDS and accessible by authorized agencies, lenders and institutions (HEOA 489 amended HEA Sec. 485B).

Subsidized Stafford LoanUnsubsidized Stafford LoanParent PLUS LoanPrivate Student Loan
Need Based Yes No No No
Credit Based No No Yes Yes
Interest Rate

4.45% fixed
for 2017-2018

4.45% fixed
for 2017-2018

7.00% fixed
for 2017-2018

Determined by lender
Origination Fees

1.066%
for 2017-2018

1.066%
for 2017-2018

4.264%
for 2017-2018

Determined by lender
Repayment Flexible repayment options are available to all students; Some students may also be eligible for a 6 month grace period. Flexible repayment options are available to all students; Some students may also be eligible for a 6 month grace period. 60 days after loan is fully disbursed unless the parent applies for an in-school deferment Determined by lender
Lifetime Limits $23,000 $57,500 
(including Sub eligibility)
NA NA
Minimum Enrollment 6 credits hours 6 credits hours 6 credits hours Determined by lender
FA SAP Eligibility Must meet FA SAP eligibility Must meet FA SAP eligibility Must meet FA SAP eligibility NA


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  • Subsidized Stafford Loans

    With Subsidized Stafford Loans the government pays the interest while you are in school (if you are enrolled for 6 credits or more). Your eligibility is based on your financial need as determined by the Free Application for Federal Student Aid (FAFSA).

    New subsidized loan eligibility rules took effect for first-time borrowers as of July 1st, 2013. These rules require that subsidized loan eligibility be limited to 150% of the published length of a program. This means that your eligibility for – and benefits from – subsidized loans end when you borrow subsidized loans for 150% or more of the time needed to complete your program of study.  This also means that once you reach or exceed 150% of the weeks required for your program of study, ALL of your subsidized loan(s) will CHANGE to interest bearing loan(s) for the life of the loan or until fully repaid.

    Repayment begins after you graduate or stop attending six or more credit hours, some students are eligible for a grace period of six months of deferred payments.  If you are a first time borrower as of July 1st, 2013, your payments will be due as soon as your attendance drops below half-time. For more information on this rule visit: 150% Subsidized Usage Limitations

  • Unsubsidized Stafford Loans

    With Unsubsidized Stafford Loans you, the borrower, will have to pay all interest that accrues on the loan.  The interest begins accruing at the time of the first disbursement.  Your eligibility is not based on financial need but may be impacted by other factors determined by your FAFSA.  Repayment begins after you graduate or stop attending six or more credit hours, some students are eligible for an additional grace period of six months of deferred payment.  If you are not sure if you are eligible it is best to follow up with your servicer.

  • Private Student Loans for Higher Education

    Private Student Loans are not a Title IV (Federal financial aid) program.  Private Loans are credit-based loans offered to students by banks to cover the costs of attending college.  These loans are normally used by students who are not meeting the standards of academic progress or have an undeclared program of study.  They often have variable interest rates that exceed the fixed interest rate of Federal Direct Stafford Loans.

    Students who do not have a co-signer will likely need to be employed and are subject to credit approval for this type of loan.  Private loans do not always provide deferment periods and often have a shorter repayment term.  For additional information read the Private Student Loan Request Form.

  • Direct Parent PLUS Loans

    Direct Parent PLUS Loans are credit-based loans that are offered to the parent and/or legal stepparent of the student in order to cover the remaining costs of attending college. These loans have a fixed interest rate and repayment starts within 60 days of the final loan disbursement. For additional information read the Undergraduate PLUS Application.

Subsidized Stafford Loans

With Subsidized Stafford Loans the government pays the interest while you are in school (if you are enrolled for 6 credits or more). Your eligibility is based on your financial need as determined by the Free Application for Federal Student Aid (FAFSA).

New subsidized loan eligibility rules took effect for first-time borrowers as of July 1st, 2013. These rules require that subsidized loan eligibility be limited to 150% of the published length of a program. This means that your eligibility for – and benefits from – subsidized loans end when you borrow subsidized loans for 150% or more of the time needed to complete your program of study.  This also means that once you reach or exceed 150% of the weeks required for your program of study, ALL of your subsidized loan(s) will CHANGE to interest bearing loan(s) for the life of the loan or until fully repaid.

Repayment begins after you graduate or stop attending six or more credit hours, some students are eligible for a grace period of six months of deferred payments.  If you are a first time borrower as of July 1st, 2013, your payments will be due as soon as your attendance drops below half-time. For more information on this rule visit: 150% Subsidized Usage Limitations

Unsubsidized Stafford Loans

With Unsubsidized Stafford Loans you, the borrower, will have to pay all interest that accrues on the loan.  The interest begins accruing at the time of the first disbursement.  Your eligibility is not based on financial need but may be impacted by other factors determined by your FAFSA.  Repayment begins after you graduate or stop attending six or more credit hours, some students are eligible for an additional grace period of six months of deferred payment.  If you are not sure if you are eligible it is best to follow up with your servicer.

Private Student Loans for Higher Education

Private Student Loans are not a Title IV (Federal financial aid) program.  Private Loans are credit-based loans offered to students by banks to cover the costs of attending college.  These loans are normally used by students who are not meeting the standards of academic progress or have an undeclared program of study.  They often have variable interest rates that exceed the fixed interest rate of Federal Direct Stafford Loans.

Students who do not have a co-signer will likely need to be employed and are subject to credit approval for this type of loan.  Private loans do not always provide deferment periods and often have a shorter repayment term.  For additional information read the Private Student Loan Request Form.

Direct Parent PLUS Loans

Direct Parent PLUS Loans are credit-based loans that are offered to the parent and/or legal stepparent of the student in order to cover the remaining costs of attending college. These loans have a fixed interest rate and repayment starts within 60 days of the final loan disbursement. For additional information read the Undergraduate PLUS Application.