Student Loans

Richland participates in the Federal Direct Loan Program, which includes the Direct Subsidized Loan, the Direct Unsubsidized Loan, and Direct PLUS Loans. These are low-interest loans to students made by the Department of Education. In order to receive a Federal Student Loan, students must apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA) and completing their financial aid paperwork prior to submitting the loan request form. Students must be enrolled in 6 or more credit hours and not be on financial aid suspension to receive a Federal Student Loan. Loan Entrance Counseling and Master Promissory Note are required for all applicants. Eligibility for a Direct Subsidized loan is calculated prior to calculating the Direct Unsubsidized and/or Direct PLUS eligibility. For more information, contact the Financial Aid Office via e-mail at financialaid@richland.edu or by calling 217.875.7211, Ext. 6271.