Would it be more beneficial for me to accept a student loan, if I am eligible?

Category: Online Payments
  • GCC strongly urges our students to give careful thought, consideration, and budget planning before paying your bill with a credit card. Especially, if you plan to only make your minimum monthly payment toward your credit card bill. It is always wise to only use credit cards when you know you will be able to pay the balance in full before accruing high interest charges and/or late penalties.
  • Avoid long-term, high-interest debt whenever possible. If you’ve been offered student educational loans such as Direct Loans awarded through our Financial Aid Office, we urge you to weigh options and compare interest rates before paying your tuition and fee charges with a credit card. Student loan interest rates are typically much lower than credit card interest rates. Check with our Financial Aid Office to obtain the latest student loan interest rates and repayment periods.
  • Keep in mind, if you are eligible for student loans, in order to defer payment of your tuition and fee payment while your loan is in process, you must be officially offered the loans by our Financial Aid Office; you must accept them on or prior to the due date of your bill; and, you must be awarded enough loan funds to cover your entire account balance. Otherwise, you must pay in full the amount not covered by student loans by the due date, regardless of the payment method you choose.