

Aloha. As part of your financial aid package from Windward Community College (WCC), you are eligible for a low-interest rate Federal Direct Loan. This loan is funded by the federal government, requires no repayment while you are enrolled in school at least half-time (six credits) and is an investment towards your college education.
Please review your financial aid offer on MyUH Services to see what type of loan(s) listed below are being offered to you.
The Federal Direct Subsidized Loan (SUB Stafford Loan) has a 0% interest rate while the student is enrolled in school on at least a half-time basis. A fixed interest rate will be assigned to the loan at the point the student ceases to be enrolled at least half-time. The fixed interest rate assigned to loans made in the school year 2019-2020 disbursed on or after July 1, 2019 and before July 1, 2020 is 4.53%. The first monthly payment begins 6 months from the point the student ceases to be enrolled at least half-time. A monthly payment on a $3,500 loan is $50 per month.
The Federal Direct Unsubsidized Loan (UNSUB Stafford Loan) has a fixed interest rate and is assigned to the loan at the point of disbursement. The fixed interest rate assigned to loans made in the school year 2019-2020 disbursed on or after July 1, 2019 and before July 1, 2020 is 6.08%. Monthly repayment begins 6 months after the student ceases to be enrolled at least half-time. A monthly payment on a $3,500 loan is $50 per month.
*Please note that students borrowing a Direct Loan for the first time from WCC and have less than 30 credits completed towards their degree at WCC may have a 30-day delay on their first scheduled loan disbursement.
If you are interested in accepting the loan(s) offered to you, please continue with the next section on the back side of this page, APPLYING FOR A FEDERAL DIRECT LOAN AT WCC.
You may decline your loan(s) by logging on to MyUH Services or contacting the WCC Financial Aid Office at wccfao@hawaii.edu or at 808-235-7449. If your loan needs change during the school year, please let our office know right away.
Finally, if you need more information before making a sound decision on the loan(s), please visit https://studentaid.gov or schedule an appointment with the WCC Financial Aid Office. We want to ensure you completely understand the loan program and how it may help as an investment in your future. Best wishes to a prosperous school year!
If you need assistance with any step noted in the process above or would like to schedule an appointment, please call the WCC Financial Aid Office at 808-235-7449 or email us at wccfao@hawaii.edu. Mahalo.