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Student Loans

Student loans can be a valuable part of paying for your education. SLCC administers two federal loan programs and one college loan program. Private loans also may be available.

Loans are not available for attending the School of Applied Technology.

Federal Loans

FEDERAL DIRECT Loan (subsidized/unsubsidized)

  • Available to students who demonstrate financial need.
  • If you've completed less than 30 credit hours, the annual loan limit is $3,500.
  • If you've completed 30 hours or more, the annual loan limit is $4,500.
  • Repayment begins 6 months after you cease half-time enrollment (6 credit hours).
  • Minimum payment is $50 a month and may be higher depending on the total amount borrowed.
  • Maximum time frame allowed for repayment is 10 years but may be longer, depending on available repayment options.
  • The interest rate is variable and determined by the U.S. Congress.
  • Subsidized loans do not accrue interest while you're attending at least half time (6 credit hours).
  • Unsubsidized loans accrue interest during the loan period, and borrowers may pay the interest while in school, or have it capitalized, which means unpaid interest is added to your loan principal.
  • An additional unsubsidized amount may be available to students and may be requested by completing an Additional Unsubsidized Loan Application and meeting with a Financial Aid Advisor.
  • Borrowers must complete Loan Entrance Counseling and sign a Master Promissory Note (MPN) by logging in at
  • For more information, contact 801-957-4410 during business hours or

Parent Loan for Undergraduate Students (PLUS)

  • Available to parents of dependent students.
  • The award may not exceed Educational Expenses, after deducting other estimated financial aid, such as federal grants.
  • The interest rate is variable and cannot exceed 9 percent.
  • Repayment begins 60 days after disbursement.
  • For more information, contact 801-957-4410 during business hours or

College Loans

Tuition Payment Plan

Tuition Payment Plan lets you spread your tuition and fees over four monthly payments for fall and spring semesters, and three payments for the summer semester. There's a $30 application fee per semester.

Apply Online:

  • MySLCC
  • Tuition & Financial Aid
  • Payment Information
  • Enroll in a Tuition Payment Plan

If you're younger than 18, you must apply for Tuition Payment Plan using this Tuition Payment Plan form.

Tuition Payment Plan Facts

  • Your first installment must be paid at the time of application.
  • Monthly payments are made by the 10th of each month.
  • If you add classes after your Tuition Payment Plan is approved, tuition from the classes will be added to your Tuition Payment Plan, and your next monthly payment will increase accordingly.
  • If you drop a class during the tuition refund period, the amount of credit you receive, if any, will apply to your next Tuition Payment Plan payment.
  • If your payment is not received by the due date, you will be assessed a $15 late fee and a hold will be placed on your school records.
  • You'll be charged $20 for returned checks, as well as a $50 late-tuition fee. Fees and penalties are paid prior to the application of any payments to your Tuition Payment Plan outstanding balance.

Failure to pay your Tuition Payment Plan

  • Tuition Payment Plan is an approved loan for education, which is non-dischargeable in a bankruptcy court.
  • If you fail to fully pay your Tuition Payment Plan, SLCC pursues all financial obligations to the fullest extent of the law.
  • SLCC may place holds on your student account, which may include registration, transcripts, grades, and graduation.
  • SLCC may also pursue liens against Utah State Income Tax Returns, referrals to collection agencies, and litigation.
  • Interest will be charged at the rate of 1.5 percent per month (18 percent per year) on any amount over 30 days past due.
  • By signing the Tuition Payment Plan application, you agree to pay costs incurred in the collection process of this plan, which may include late charges, attorney's fees, charges or commissions of up to 50 percent that may be assessed by a collection agency.

For more information on Tuition Payment Plan, contact 801-957-4480 during business hours or

Private Student Loans

Private Lending

  • As a general rule, students should only consider obtaining a private education loan if they've maxed out the Federal Direct Loans.
  • The award may not exceed Educational Expenses, after deducting other estimated financial aid, such as federal grants.
  • Interest rates vary based on lenders and credit worthiness, and co-signers often are required.
  • You may apply for private loans at FASTChoice.

Repaying your Loans