Grants and loans are two ways students can pay for their education. The primary difference is that grants usually do not require repayment but loans always require repayment. Find out more about your options below.
Loans, unlike grants or work-study, are borrowed money that must be repaid. These loans are a serious obligation. The school will electronically disburse your loan(s) each semester approximately three weeks after classes begin. No installment will be greater than half the amount of your loan. Your loan funds must first be used to pay for your tuition, fees, Southeast Tech laptop, and Southeast Tech housing. If loan funds remain, you will be issued a refund by the school's business office. You must be enrolled at least half-time (classes required towards your program) to be eligible to receive Direct Loans.
Federal Direct loans are either Subsidized or Unsubsidized.
As of July 1, 2018, the interest rate is fixed at 5.05% for Direct Subsidized Loans and 5.05% for Direct Unsubsidized Loans.
The Federal PLUS Loan is intended for parents of dependent undergraduate students to help pay for their student's cost of education. Approval is based on credit guidelines set by the federal government, not based on need or income, and requires no collateral. As of July 1, 2018, the interest rate is fixed at 7.60% for Direct Parent Plus Loans To apply online for the PLUS loan at Southeast Tech, please click here.
Before a student applies for an alternative loan, we recommend the student fill out the FAFSA form to determine their eligibility for federal financial aid. If you determine after receiving all federal financial aid that additional funding is needed, alternative loans are a great option. These are credit-based loans. Most alternative loan payments can be deferred while in school. Students may use any lender of their choice for alternative loans.
Read more information on alternative loans.
The following are the estimated 2018-2019 Tuition, Fees, and Living Expenses for a full-time student attending Fall and Spring semesters. Actual costs may vary. Remember, this is an estimate, but it should help you plan for the coming school year. Estimate $50 more per credit for online classes.
Most early awards are made on the assumption of full-time attendance for Fall and Spring semesters and
that Satisfactory Academic Progress is met. Actual award amounts will be adjusted to your enrollment
and eligibility status as appropriate. The award year begins with Fall semester and ends with Summer
semester. To receive financial aid for Summer ‘19, you must contact the Financial Aid Office to request an
adjustment of your awards.
To receive financial aid, classes must be required for your program(s).
Fall and Spring Student Enrollment Status
Full-time: 12 or more credit hours; Three-quarter-time: 9 to 11 credit hours; Half-time: 6 to 8 credit hours;
Less than half-time: 5 credit hours or less. You must be enrolled in at least 6 required credits to be eligible to
receive Direct Loans.
Summer Student Enrollment Status
Full-time: 9 credits or more; Three-quarter time: 7-8 credits; Half-time: 5-6 credits. You must be enrolled in at
least 5 required credits to be eligible to receive Direct Loans.
• Classes must be required for program(s) to receive financial aid.
• Any changes in enrollment status before or during the award year must be reported to the Financial Aid
Office. These changes could affect the amount of assistance you may receive.
• Awards are subject to change based on fund availability and/or adjustments made to the financial need of
• Southeast Tech reserves the right to adjust financial aid based on award changes or additional information
that is received by Southeast Tech. If an award is adjusted, there is no carry-over to another year of any
amount that was adjusted.
• You must be enrolled and attending classes each semester for which aid is received.
• The responsibility for paying for your education rests primarily with you and your family. Financial aid is
designed to provide assistance to those students who would not be able to attend Southeast Tech without
that help. The Financial Aid Office has carefully assessed your need for assistance, along with other
information pertinent to the decision-making process.
• If you do not plan to attend Southeast Tech, please contact the Financial Aid Office to cancel awards.