Financial Literacy

College is a time of newfound freedom for many students. That can spell trouble if that freedom applies to personal finances, too. Students need to understand basic money management skills such as living within a budget and handling credit and debt. A solid financial foundation can lead to a lifetime of financial success.

Getting Ready for Student Loan Repayment

April 21
12 noon - 1 p.m.

For students preparing to graduate, don't plan to return to school, or will drop below half-time enrollment, we encourage you to invite them to this student-focused session. We will cover the basics of student loan repayment, share exit counseling concepts and leave time for questions that will be answered by an expert. Register here.

150% Time Limitation on Loan Subsidy

This legislation limits the timeframe for which you are eligible to receive the subsidy on Federal Direct student loans and it impacts students considered to be new borrowers after July 1, 2013. New borrowers include:

  • Those who have never borrowed a Federal Direct student loan prior to July 1, 2013
  • Those who have previously borrowed, but have a zero balance due as of July 1, 2013

This legislation limits Federal Direct Subsidized loans to 150% of the length of a student's academic program. For example, new student borrowers in a two-year program can only receive subsidized loans for three years. The length of time is measured in academic years. Students who reach this limit may be eligible for Federal Direct Unsubsidized loans if they are otherwise eligible to receive them.

Furthermore, students who reach the 150% point and have not yet completed their program will lose the subsidy on all outstanding subsidized loans. The loans do not enter repayment at this point; however, the borrower becomes responsible for paying the interest rather than the government. This limit is based on the amount of time a student is enrolled in a program and not the amount the student borrows (with some exceptions). Less than full-time enrollment status will impact the length of time a borrower is eligible for the interest subsidy. The legislation was passed in hopes of encouraging students to complete programs of study more quickly and allowances are granted when a student completes a degree/certificate within the 150% timeframe.

It is important to note that this is separate from Satisfactory Academic Progress, aggregate loan limits, and the Pell grant lifetime eligibility used limits. Approval of Satisfactory Academic Progress appeals will not extend the length of time in which you will qualify for the subsidy on student loans. This is very new and complicated legislation. The Department of Education is still trying to find out the logistics of how some of this will all work and they continue to offer information to us as it is available. If you would like more information we encourage you to come to the HCC Financial Aid Office during our regular business hours to meet with the counselor-on-call. They can assist you in reviewing your borrowing history and explaining how this legislation will impact you.

Read additional information from the U.S. Department of Education.

budgeting tips

Visit for tips about how to create and stick to a budget. 


Why 529?  
The problem is clear: Student loan debt in America is reaching levels that the U.S. Department of Education deems a crisis. 

Why 529? 
To increase access to higher education and help alleviate the burden of student loan debt on our society.

Why 529?
529 college savings plans are tax-advantaged savings plans that help families save for higher education so they can be less reliant on student loans.

Check out this resource to learn more about the 529 movement and how 529 college savings plans can work for you and your family.

great advice for grads

HCC's partner Inceptia is pleased to announce that the 2021 edition of 'Great Advice for Grads' is now available. This free e-guide, part of a collaborative effort with personal finance site NerdWallet, is designed to provide graduating college students with the financial and career advice they need to make informed choices to move forward. In this, their eighth edition, they curated the best content regarding pandemic-related challenges and how to adapt in the face of uncertainty.

Please use the links below to access. This free resource is available for students, families, staff or anyone else who may benefit:

Net Price Calculator

These calculators will help you get an estimate of the amount of grant aid you might expect to receive if you attend HCC full-time and meet all federal and state financial aid eligibility requirements.


Contact us

Questions? Contact the Financial Aid office:

Frost 201