Student Loans at York Tech
York Technical College offers subsidized and unsubsidized loans. The college does
not participate in the Parent Plus program as the basic student loans are usually
sufficient in combination with all other aid types.
The Federal Student Aid Direct Loan program provides low-interest, long-term loans
directly to students. The lender is the U.S. Department of Education (ED) rather than
a bank. Student loans are applied to all college charges first and any remaining amount
may be refunded to a student. Financial Aid can never guarantee the exact date for when a student will receive
a refund for use on personal outside expenses like rent, utilities, transportation,
etc.
Repayment of student loans usually begins six months after the student: graduates, fully withdraws from classes, drops below six credit hours during the semester (less than half time), or ceases attending an institution.
Types of Loans
Available to students who demonstrate financial need based on the College’s Cost of Attendance minus the student’s Student Aid Index as determined by FAFSA. Student loan interest does not build while attending college and during the loan’s six-month grace period.
Awarded to all students who are otherwise eligible for federal student aid through the FAFSA. Unlike Subsidized Loans, you do not have to demonstrate financial need be eligible for it. The loan accrues interest as soon as it is disbursed and for the lifetime of the loan (until it is paid off).
Private loans are not federal loans but are considered part of a student's financial aid award. These funds are credit based from a banking institution or other non-educational organization. York Technical College will certify private loan amounts up to the cost of attendance minus all other aid.
All private loans are certified through ELMOne. York Tech does not have a preferred lender list as the decision to borrow a private loan is a personal choice based on credit, repayment options, and other outside factors.
Student Loan Qualifications
To receive a student loan, the student must meet the following criteria:
- Have a completed FAFSA on file
- Be enrolled in at least 6 credit hours of program required coursework
- Be in good standing with financial aid at York Technical College
- Not be in default on an existing federal student loan
- Have a completed Entrance Counseling and Master Promissory Note on file at the federal student aid website.
Beginning in Fall 2026, as a result of federal regulations, students that take less than 12 credit hours of coursework per semester, or 24 credit hours total for an academic year, may see their loans adjusted in accordance with their enrollment.
Student loan amounts are subject to change based on course drops, withdrawals, or other eligibility requirements. This may increase or decrease a loan from the original amount awarded.
Request a Student Loan
Federal Student loans will not be automatically included in your initial awards package. Students who choose to borrow federal loans will need to submit a loan request to ensure that student loans awards are as accurate as possible.
- Review your financial aid awards, confirm all available aid has been awarded, and consider your financial needs before requesting a loan.
- Complete the Student Loan Request Form.
- Allow 24 hours for confirmation of receipt of your request.
- The Financial Aid Office will email you when your loan request has been processed and regarding any next steps.
- If eligible, accept loan award(s) in Navigate.
Maximum Loan Debt
There are annual and lifetime limits to student borrowing. These are set by the Department of Education (ED). Annual loan limits are reviewed at the time of awarding.
Students can view their current loan debt on the federal student aid website. Log in with the information used to complete the FAFSA and on the Dashboard, the student can view current loan debt and servicer information.
Contact Us
Need help? We're just a phone call or email away.
Financial Aid Office
Student Services Building (J)
Mon - Fri: 8:00 am - 5:00 pm
*An appointment is not required but is encouraged
Student Services Building (J)
Mon - Fri: 8:00 am - 5:00 pm
*An appointment is not required but is encouraged
Phone: (803) 327-8008
Fax: (803) 981-7278
Email: finaid@yorktech.edu