The William T. Ford Direct Loan Program offers students low interest loans funded by the Department of
Education to assist students with paying their educational expenses. Through the Federal Direct Loan
program, NWCCD offers subsidized and unsubsidzied loan types as well as the Parent Plus Loan for
dependent students. Unlike grants, scholarships and work-study, Federa Direct Loans must be repaid.
When borrowing student loans, a student must understand the loan is a legal obligation and they are
responsible for paying the loan with interest, even if the student does not complete their degree

Benefits of Federal Direct Loans:

  • low interest rates, compared to other private loans
  • don’t need a credit check or cosigner
  • have a six month grace period, from the time you graduate or fall below half time, before
    repaymnet begins
  • if a student deomonstrates finanical need

Federal Direct Loan Types:


  • Financial Aid Office will determines your subsidzied eligiblity based on the results of the
    your FAFSA and your financial need.
  • The government pays for the interest of the loan while you re attending school and enrolled
    at least half-time
  • Repayment begins six months after you cease to maintain half time enrollment
  • If you are a first time borrower on or after July 1st, 2013, there is a limit on the maximum
    period of time that you can receive Federal Direct Subsidized Loans. If this limit applies to
    you, you may not receive Federal Direct Subsidized Loans for more than 150% of the
    published length of your program. For example, if you are enrolled in a two-year associates
    degree program, the maximum period for which you can receive Federal Direct Subsidized
    Loans is three years (150% of two years = three years).


  • Interest starts accruing right away and it is the resonsibility of the student to make interest
    payments, even when attending school and during your grace period.
  • The student must understand if they do not make interest payments, the interest will
    accumulate and be added to the principle of the loan amount.

Parent Plus:

  • Are available to parents of dependent undergraduate students to help pay for additional
    educational cost not covered by other financial aid. To apply, parents must log onto with a parent FSA ID and click on ‘Apply for a Plus Loan’.

To learn more about the Federal Direct Loan program, requirements, and maximum loan limits, you can

How to apply for a Federal Direct Loan:

To qualify for a Federal Direct Loan, you, the student, must first complete the FAFSA and include
Sheridan College (003930). You must be in an eligible degree or certificate program and enrolled in a
minumum of six credits per semester. After NWCCD recieves your FAFSA, you will be packaged
subsidized and unsubsidized loans according to your Estimated Family Contirubtion and remaining
unmet need.

You will be able to accept your student loan package on your MyNWCCD student account, on your
Finanical Aid Self-Service page. Please keep in mind, your loan amounts will be equally packaged to your
account for fall, sping and summer semesters. If you quailfy for subsidzed loans, you must accept the
maximum amount before accepting any unsubsidized loan amounts. NWCCD

Federal Direct Loan Requirements:

Entrance Counseling: All first time borrowers MUST complete Federal Direct Loan Entrance
Counseling online and include Sheridan College (003930). This online information session
expalins the details of the loans as well as loan rights and responsibilites and must be completed
before a loan will be disbursed on a student’s account. Click here to complete your Entrance
Counseling requriement. If Entrance Counseling has already been completed for another
school, the student must log back on and add Sheridan College as a school. Once a student
completes the requirment, NWCCD will receive an automatic notification within 24 to 48 hours.

Mastor Promissory Note: All first time borrowers MUST complete their Master Promissory Note
(MPN) prior to their loan disbursement. The MPN is a legal documention which the student is
promissing to repay the total borrowed loan amounts, including any interest fees. Click here to
complete your MPN requirement. Once a student completes the requirment, NWCCD will
receive an automatic notification within 24 to 48 hours.

It is very important to know and understand all resources that are available to you to help you pay for college. If you have not yet completed your Free Application for Federal Student Aid (FAFSA), NWCCD highly encourages you to do so, to determine your Federal financial aid eligibility. The Department of Education provides many benefits to students through Federal Student Aid programs. To learn more about Federal Aid benefits, please refer to the Student Financial Aid Assistant Programs & Eligibility, Grants and Federal Direct Loan links on our Financial Aid home page.

If you require more financial assistance than what appears on your award letter, and you have not met your Cost of Attendance (COA), you may apply for additional student loans from private student loan programs. The Office of Financial Aid at NWCCD does not have preferred lender arrangement agreements with any private education loan lenders, and will not recommend, and will not refer students to, any specific private student loan programs. You may obtain more information and compare the loans offered by these lenders by visiting the FASTChoice website.

Wyoming Investment in Nursing (WYIN)

The Wyoming Investment in Nursing Program is available to Wyoming residents (or students who graduated from a Wyoming high school) who have been accepted into our Nursing Program and plan to practice as a nurse or nurse educator in Wyoming after graduation. This loan may be repaid by the State of Wyoming if you agree to work full-time as a nurse within the state of Wyoming for a certain amount of time.

For the 2015-2016 academic year, a FAFSA for that year is required to be on file by June 1st. Funds are limited.

Students can apply for loans to assist them in paying for education related expenses. Unlike grants or scholarships, loans must be repaid.

Interest Free Loans

Several foundations in our community offer our students interest free loans to use towards their educational costs. These loans are issued by the foundation (foundations are independent institutions, not directly affiliated with NWCCD) and applicants must contact the local foundation regarding submission of application.

Alvin T. Clark Family Memorial Fund

Financial assistance is available to graduates of Buffalo High School in Buffalo, WY who are seeking higher education in the fields of forestry, nursing, and medicine (not pre-med).  Please contact Wendy Martin at the phone number below for further information and an application.

141 S. Main St.
PO Box 400
Buffalo, Wyoming 82834
PH: 307-684-2211
FAX: 307-684-5265

The B.F. and Rose H. Perkins Foundation

45 East Loucks, Suite 110
PO Box 1064
Sheridan, Wyoming 82801
PH: 307-674-8871
FAX: 307-674-8803

The Dodd and Dorothy L. Bryan Foundation

PO Box 6287
First Plaza-2 North Main
4th Floor-Suite 401
Sheridan, Wyoming 82801
PH: 307-672-3535

Whitney Benefits Inc.

PO BOX 5085
145 N. Connor Street
Sheridan, Wyoming 82801
PH: 307-674-7303
Fax: 307-674-4335