Before taking out student loans, please consider:
For most community college students, borrowing student loans is strongly discouraged. West Los Angeles College is dedicated to supporting student success. We understand that students often need to borrow funds to help with school related expenses; however, many students enter into debt without a clear picture of how their loan debt will affect them in the future. Remember, student loans must be repaid with interest. Before you borrow, consider your ability to repay your loans.
Types of loans:
Federal Direct Loans are low interest loans to students and parents to help pay for the cost of a student’s education after high school.
Subsidized loans - You won't be charged any interest until you graduate or drop below six units because the federal government subsidizes the interest during the time you are enrolled.
Unsubsidized loans - charge interest from the time the money is first disbursed until it is paid in full. –NOT RECOMMENDED.
Attention First Time Loan Borrowers
Effective July 1, 2013, subsidized Stafford loans will be limited to 150% of a student’s program. This means that if a student is pursuing a two-year program at a community college, students will be limited to three (3) years of subsidized Stafford loan.