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2021-2022 Additional Unsubsidized Loan Request

2021-2022 Additional Unsubsidized Loan Request

Complete this form only if you are an independent student or a dependent student whose parent has been denied a parent loan who requires additional unsubsidized loan funds to pay for college expenses. The maximum dollar amount that you can request on this form is $4000.

Special Considerations for Students

Students should consider carefully how much they need to borrow. They should consider the burden of repaying loans and what it will impose on them and their families after leaving school. Students who are planning to transfer to a four-year college are advised not to borrow additional loans at the community college level if grants, scholarships, or other payment arrangements are available.

If you do borrow student loans, please consider following these suggestions:

  • Live like a college student now so that you will not have to live like a college student later. Keep luxuries to a minimum.
  • Always be aware of how much you have borrowed in student loans and what the estimated monthly payments will be.
  • Check the National Student Loan Data System to make sure the loan amounts reported match your records and to obtain servicer contact information.
  • Contact your loan holder to discuss possible options if you are having trouble making your loan payments.
  • Set up auto-payments for your student loans.
  • Request a different repayment plan if needed.
  • Notify your loan holder of any changes to your address, phone number, name, or enrollment status.

Unsubsidized Direct Student Loans require that you, the student, pay the interest that accrues while you are attending school. If you choose to defer the interest until after graduation, the interest will be capitalized, resulting in a larger principal balance and more interest paid.

All student financial aid applicants, who complete the FAFSA and are eligible, will be awarded student loan funds.

  • Freshman students (0-29 credit hours completed) who are registered in an eligible program will be awarded $5500 ($3500 subsidized/$2000 unsubsidized or any combination of sub and unsub amounts based on need).
  • Sophomore students (at least 30 credit hours completed) who are registered in an eligible program will be awarded $6500 ($4500 subsidized/$2000 unsubsidized or any combination of sub and unsub amounts based on need).

All loans are packaged for two semesters unless you are graduating in one semester. If you are graduating in one semester, you may request a one-semester loan on your award notification or email us at If you are planning to attend for Fall, Spring & Summer terms, you may request that your loan amounts be packaged for all three terms. Keep in mind you must be enrolled half time or greater in classes that are required for your academic program of study in order to qualify for a loan disbursement each semester.

Fall/Spring loans are disbursed in two disbursements. Half the certified loan amount is disbursed during the fall semester and the second half is disbursed during the spring semester.

Loan Application Process

  • To apply for student loan funds, please complete the FAFSA and submit all the documentation requested by the Student Financial Aid Office.
  • To receive loan money you must sign the HCC Award Notification, printed from WebAdvisor, and return it to the Student Financial Aid Office. The award notification will be available on WebAdvisor once your loan has been processed.
  • If you have not had a previous Direct Student Loan you must complete the entrance counseling and the MPN at You will need your FSA ID to complete this process.

You cannot request additional loan funds before your eligibility for all other aid has been processed and accepted.

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This amount is available at

Aggregate Loan Limits: Maximum limit while working on all undergraduate degrees:

  • Dependent students are limited to $31,000 (no more than $23,000 of which can be subsidized)
  • Independent students are limited to $57,500 (no more than $23,000 can be subsidized.)

Below is a sample loan repayment chart for the Standard Repayment Plan.

Loan amount
Monthly payment
Total repaid (principal + interest)
$5,500 $63 $7,595
$12,000 $138 $16,571
$19,500 $224 $26,929
$27,000 $311 $37,286
$31,000 $357 $42,810

For more information about repayment, please go to

Personal Information
By submitting this form I certify

That I have read the following statements and fully understand them:

  • I understand that I must complete the Exit Interview Session at when I leave HCC whether by graduating, transferring or withdrawing.
  • To receive loan funds I must be enrolled and attending at least half time (six credits or more) at the time of the loan funds are disbursed to my account.
  • I understand that I am to use any loan funds for educational expenses only.
  • Due to FERPA regulations, The Student Financial Aid Office will usually contact you with correspondence through your student email provided to you by Hagerstown Community College. The student email listed below will need to be checked regularly for information regarding Student Loans. It is the student’s responsibility to contact the Student Financial Aid Office for clarification on any email received.