Student Loans

Student Loans

Learn the Terms Before You Sign

A federal student loan is money loaned to students by the U.S. Department of Education (ED). As loans have to be repaid, it is important to only borrow what you need and to learn as much as you can about the terms of the loan, including interest rates.

Great information about the different types of student loans is available from the College Board.

Calculate Your Student Loan Payments

Federal Loans at Kirkwood

Because the student has demonstrated sufficient financial need, the government pays the interest while the student is enrolled at least half-time.

There is a limit to this interest rate subsidy, you must complete their program within 150 percent of the length of the program or you may lose their subsidy. For instance, if you're in a two-year program, you must complete the program within or at three years, or lose the interest subsidy.

The fixed interest rate will depend on when the loan was disbursed.

These loans are similar to Subsidized Stafford Loans, but apply when the student does not qualify for the interest subsidy due to not demonstrating sufficient financial need. The fixed interest rate depends on when the loan was disbursed.

This loan is made to parents of dependent students for their educational expenses. Repayment begins 60 days after the final disbursement; however parents can request a deferment while the student is enrolled at least half time. Apply for a PLUS Loan. As a parent, you will have to log in with your FSA ID and then you can complete the PLUS Loan application.

In addition to an interest rate, the loans have origination fees. These are deducted before disbursal and is why your amount that is sent to you is slightly less than the amount on your award letter. Get current interest rate and loan fee information.

Stafford Loan amounts are determined by the number of earned credits at the time of awarding.

  • Students who have earned fewer than 30 credits are considered grade level 1, and are awarded a base loan of $3,500, which may be subsidized or unsubsidized depending on need.
  • Students who have earned 30 or more credits are eligible for $4,500.

In addition, dependent students are awarded $2,000 in Unsubsidized Stafford loan, and independent atudents are awarded $6,000. These amounts are subject to previous borrowing limitations and the individual student’s eligibility and financial need.

If additional credits are earned after the award has been made, and additional loan funds are requested, the OneStop Office will evaluate any additional eligibility at the student’s request.

In accordance with federal law, please note that first-time borrowers must be enrolled for 30 days from the start of the term, in addition to completing the Master Promissory Note and Entrance Counseling session, before they are eligible to receive the loan funds.

Also, the funds will be divided into two disbursements; the first disbursement will be issued after 30 days from the start of the term and will be credited towards tuition first with the remaining funds going to the student. The remaining payment will be issued halfway through the loan period.

For example, if the loan period is for fall only, it will be issued halfway through that term. If the loan period is for fall and spring, the remaining payment will be issued at the beginning of the spring term.

Any tuition debt will be paid first with the remaining funds going to the student. If a student has completed all steps necessary to activate their loan, they can use any remaining balance at the bookstore.

Loan Counseling

If you need help managing the loans you already have, the advisors at Kirkwood's OneStop Office can give you an overview of your federal student loans and repayment options based on current levels of borrowing.

We will provide personalized borrowing history, guidance on future borrowing, current loan servicer contact information, and steps toward repayment.

Cedar Rapids Sessions Iowa City Sessions

Deferments & Verification

Kirkwood participates with the National Student Clearinghouse for deferment of student loans. Verification for currently enrolled students is provided to the Clearinghouse three times each term.

A list of participating lenders is available on the National Student Clearinghouse web site. Students may view the electronic notifications and deferment forms that have been sent to lenders, servicers and guarantors on the Clearinghouse web site.

The Clearinghouse web site may be accessed through EagleNet.

If enrollment needs to be verified at any other time, mail completed deferment forms directly to the National Student Clearinghouse at:

National Student Clearinghouse
13454 Sunrise Valley Drive, Suite 300
Herndon, VA 20171

The Clearinghouse will complete the certification section and forward the deferment form to the lender.

Deferments for lenders who are not members of the National Student Clearinghouse should be brought to the OneStop office. The deferments will be processed and mailed to the appropriate address. 

Commercial User Inquiries
If you have a question or need assistance regarding a degree or enrollment verification, please contact the National Student Clearinghouse at:
Phone - 703-742-4200
Fax - 703-742-4239 
Degree Verification Email -
Enrollment Verification -

Verification of Enrollment for Students
Student self-service enrollment verifications are available on the National Student Clearinghouse website, which can be accessed through the secure EagleNet for Students site. From EagleNet, you can print a certificate of enrollment that can be forwarded to a health insurer, housing provider, credit issuer, or other student services provider.

Mckenzie Feld

“I chose to attend Kirkwood because of its affordability, the scholarship opportunities, and the friendly environment of people who work with the students each day.”

Mckenzie Feld,
Robins, Iowa


For more information about student loans, contact the OneStop Office:

Monday - Friday, 8 a.m.-5 p.m.
Phone: 319-398-7600 or 1-877-386-9101
Fax: 319-398-4928
E-mail: Financial Aid -
E-mail: Enrollment -

FAFSA School Code: 004076

Location: 2nd Floor Kirkwood Hall

Mailing Address:

Kirkwood Community College
OneStop Office
6301 Kirkwood Blvd. SW
Cedar Rapids, Iowa 52404