ATC Federal Direct Loans

Federal Direct Loans

Federal Direct Stafford Loans (Subsidized and Unsubsidized)

Atlanta Technical College participates in the William D. Ford Direct Loan Program (Direct Loans). *Federal loans are borrowed funds that you must repay with interest. Federal student loans allow students and their parents to borrow money to help pay for college through loan programs supported by the federal government. They have low-interest rates and offer flexible repayment terms, benefits, and options.

Effective Fall 2016: *All Federal Direct Loans will be disbursed in (2) equal payments each semester for students who are registered in Term 1 and/or Term 2 courses. After the disbursement has occurred, Atlanta Technical College Fiscal Affairs Office has up to 14 business days to issue refunds.

Basic Eligibility Requirements:

  • Must be enrolled in a Title IV eligible program. Click HERE for a list of eligible programs.
  • Must be enrolled in at least 6 credit hours each semester.
  • Must accept Federal Direct Loan award(s) in BannerWeb. Click HERE for instructions on how to accept/decline loan awards.
  • Must log onto www.studentaid.gov to complete the Master Promissory Note and Entrance Counseling requirements.

Atlanta Technical College Cohort Default Rate

A cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meets other specified conditions prior to the end of the second following fiscal year.

Please see the Cohort Default Rate comparison below:

FY2017 National Cohort Default Rate: 9.7 Percent
FY2017 Atlanta Technical College Cohort Default Rate: 12.6 Percent

ATC Cohort Default Rate

Spring 2021 Disbursement Schedule

All first-year, first-time undergraduate borrowers are required to wait 30 days after the first day of your enrollment period (semester, trimester, etc.) for your first disbursement (Refunds will be issued 14 business days after the disbursement date).

  • Disbursement 1:
    January 20, 2021
  • Disbursement 2:
    February 1, 2021
  • First-year, First Time Borrowers:
    February 4, 2021
Direct Subsidized Loan

Direct Subsidized Loans are for undergraduate students only effective July 1, 2012, with financial need. Students are not charged interest while enrolled at least half-time and during grace periods and deferment periods. After graduation, leave school or drop below half-time enrollment, students have a period of time before beginning repayment. This “grace period” will be six months for both loans.

Direct Unsubsidized Loan
Loan Entrance Counseling
Exit Loan Counseling

As an undergraduate student, how much can I borrow each year?

Undergrad Loans

What are the Interest rates for Federal Student loans?

The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan.
The table below provides interest rates for Direct Loans first disbursed on or after July 1, 2020.

*Interest Rates for Direct Loans First Disbursed on or After July 1, 2020 and Origination Fees

ATC Federal Direct Loans

*Loan Origination Fees for Direct Subsidized Loans and Direct Unsubsidized Loans (Effective October 1, 2020). Loans first disbursed prior to Oct. 1, 2020 have different loan fees. Please contact the Department of Education for additional information – Call: 800.433.3243.

Federal Direct Loans

Need help with something else?

Atlanta Technical College
Net Price Calculator

Federal Grants
and Institutional Scholarships

Summer Pell Grant

Financial Aid Forms

Tuition and Fees

Veteran's Services

Refunds

FAFSA Help

Federal Direct Loans

Satisfactory Academic Progress

State Aid

Return To Title IV

Office of Financial Aid 
Hours of Operation:
Monday - Thursday 9am to 6pm
Friday - 8am to 12pm
Click here for FAQS

Contact Information 
Phone: 404.225.4400
Fax: 404.225.4721

Questions?
General Questions: financialaid@atlantatech.edu
Federal Work-Study Questions: workstudyFA@atlantatech.edu
Federal Direct Loans: loans@atlantatech.edu

As set forth in its student catalog, Atlanta Technical College does not discriminate on the basis of race, color, creed, national or ethnic origin, sex, religion, disability, age, political affiliation or belief, genetic information, veteran status, or citizenship status (except in those special circumstances permitted or mandated by law). For further information regarding these laws (Title VI and IX) contact Mattie Goss, Director of Student Services, Academic and Student Affairs Division, Atlanta Technical College, Academic Building, C1111B, 404.225.4446. Email: mgoss@atlantatech.edu. To request reasonable accommodations upon enrollment (Section 504/ADA), contact Mattie Goss, Director of Student Services, Atlanta Technical College, Academic, and Student Affairs Division, Academic Building, C1111B, 404.225.4446. Email: mgoss@atlantatech.edu.  Faculty and staff with questions about equity or reasonable accommodations should contact Human Resources, Cleveland Dennard Building, suite B-180A, Atlanta Technical College, 1560 Metropolitan Parkway, SW, Atlanta, GA 30310. 404.225.4446. Email: mgoss@atlantatech.edu.