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Federal Loans

Federal Direct Loan Program

Independence Community College participates in the Federal Direct Loan Program. Student loans may be borrowed by qualified students enrolled in eligible certificate or degree programs. Student loans are expected to repaid by students regardless of whether the student is successful in completing the program and obtaining employment.

Additional Information about student loans is located at »

including, but not limited to:

  • student eligibility,
  • terms of student loans,
  • sample loan repayment schedule,
  • the necessity for repaying student loan,
  • and terms and conditions of the loans students receive under the Direct Loan program.

Direct Loans may be subsidized and/or unsubsidized, based on financial need.

Subsidized Loans:

  • Are need-based loans
  • Eligibility is based on cost of attendance, expected family contribution (EFC), awards, and other eligible financial assistance
  • Interest is paid by the government while in school, as long as students complete the program of study declared while first receiving the subsidized loan.
  • Payments are deferred until students: students leave school or drop below-half-time enrollment

Unsubsidized Loans:

  • Are non-need based loans
  • Eligibility is based on cost of attendance, awards, and any other eligible financial assistance
  • Students are responsible for paying the interest while in school.
  • Payments are deferred until students: students leave school or drop below-half-time enrollment

Exit Counseling:

  • The Department of Education requires students who have taken out student loans to complete exit counseling when they leave ICC.
  • Academic Transcripts will be placed on hold until the Office of Student Financial Aid receives notification that exit counseling has been completed. 
  • Exit Counseling is completed online at

Applying for Student Loans

Step 1: Complete Entrance Counseling to apply for your Federal Direct Student Loan. When you click on the link you will need your Federal PIN # (the number you used to sign your FAFSA).

Step 2: Complete a Master Promissory Note.

Step 3: Complete Student Loan Notice and Reference Form.

Step 4: See the Financial Aid Office to determine how much money you are eligible to borrow. At this time, you will also be required to provide three additional references. They must be different than the two you provided on your Master Promissory Note (Step 2 must be completed before your loan will be processed).

Step 5: It is required that you Complete the Exit Counseling for your Federal Direct Student Loan before you graduate, transfer to a different school, or withdraw from all classes.

Federal PLUS Loan Program

The college participates in the Federal PLUS Program. A parent of a dependent undergraduate student may borrow an amount up to the cost of attendance minus any other student financial aid received from participating lending institutions. 

Step 1: Complete a Master Promissory Note online at

Step 2: Complete Credit Application online at

Step 3:  Contact ICC Office of Financial Aid to complete loan notice.

Independence Community College participates in the Federal Direct Loan program only. ICC does not endorse, promote, or certify private student loans.

Statement of Satisfactory Academic Progress for Federal Financial Aid »

ICC Student

Contact Us

Financial Aid Office
Send an E-mail
Phone: 620-332-5460
Fax: 620-332-5660
Location: Administration Building, Room 110

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Laura Allison

Michelle Pereira
Financial Aid Specialist

Megan Royse
Financial Aid Specialist

Ashley Mydland
Financial Affairs Specialist