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Loan Amount Limits

Base Loan Limits

Student borrowing and indebtedness are very serious considerations and we want to do all we can to help students make informed choices that will allow them to fund their education. ECC promotes responsible borrowing. We encourage students to only borrow what they need.

Annual borrowing limits are determined by the number of degree credit hours successfully completed.

First Year (0-23 degree credit hours successfully completed) - up to $5500/academic year (Up to $3500 can be subsidized depending upon demonstrated financial need.)

Second Year (24 or more degree credit hours successfully completed) - up to $6500/academic year (Up to $4500 can be subsidized depending upon demonstrated financial need.)

If you are an independent student or a dependent student whose parents are unable to qualify for a PLUS loan, you can borrow up to an additional $4000 unsubsidized loan annually.

Note: The amounts given above are the maximum yearly amounts you can borrow in both subsidized and unsubsidized loans. You cannot borrow more than your cost of attendance minus any other financial aid for which you are eligible. This means that you may receive less than the annual maximum amounts.


  • For loans disbursed on or after July 1, 2011
  • Undergraduate Subsidized Loans: 3.4% fixed
  • Unsubsidized Loans: 6.8% fixed


The US Department of Education will pay your student loan funds through Erie Community College.

Loans will be disbursed in two equal disbursements, once during the fall semester and once during the spring semester. Single semester loans will be disbursed in two equal disbursements during the semester. The first disbursement for first year, first time borrowers will arrive 30 days after the start of the term. The second disbursement occurs after the mid-point of the enrollment period.

Your loan money must first be applied to your school account to pay for tuition and fees, and other school charges. If loan money remains, the Bursar’s Office at ECC will mail your refund to the address on file with the Registrar's Office.


Repayment on the principle of the loan begins 6 months after you drop below 6 credit hours. Payment will be made to the US Department of Education or its designated servicer.

There are many repayment plans through the Direct Loan program, including the income contingent plan. Under this program loan payments will not exceed 15% of your income. For more information on repayment of your student loans, visit the Repayment section of the Federal Student Aid Web site.

Please note: If you have had previous Federal Stafford Loans through a private lender or lenders (i.e. Citizens Bank, Sallie Mae, M &T Bank etc.), AND you have Federal Direct Stafford Loans, you will be repaying two or more different loan servicers. If you want to check the current holders of your Federal Stafford Loans go to the National Student Loan Database System. After you graduate or stop attending college you may be able to consolidate your loans into a single Federal Consolidation Loan.

Payment Calculator

Use these calculators to estimate your future loan payments.

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