Student Loans

Loans are available to students enrolled in a minimum of 6 credits who need additional funds for college. Student loans must be paid back with interest.

Tips For Reducing the Cost of Student Loans
  • Use free money first; apply for scholarships
  • Borrow only what you need to pay for college
  • Create a budget to reduce spending
  • Make loan payments while attending school and during the grace period
  • Understand loan repayment options

Federal Direct Loans

Subsidized Loan

A low interest loan available to undergraduate students with financial need. The U.S. Department of Education pays the interest while you are enrolled in an eligible degree program at least half-time.

Unsubsidized Loan

  A loan available to undergraduate and graduate students. The student does not have to demonstrate need. You will be responsible for paying for the interest during all periods.


Loan Requirements       

>  TBCC awards only Subsidized loans up front. Students who need additional funding need to complete a 

       Loan Request/Revision Form to access an unsubsidized loan.

>  New students must complete a Master Promissory Note and Entrance Counseling.

>  Returning students must complete Loan Entrance Counseling each year.

Parents' Loan for Undergraduate Students (PLUS)

A PLUS Loan is available to parent borrowers who do not have an adverse credit history to help meet the student's education expenses. If a parent borrower is unable to secure a PLUS loan, the undergraduate dependent student may be eligible for additional unsubsidized loans to help pay for his or her education.

           Loan Interest Rates by Disbursement Dates
Loan Type First Disbursed
July 1, 2014-June 30,2015
Direct Subsidized Loans
Fixed at 4.66%
Direct Unsubsidized Loans
Fixed at 4.66%
Direct PLUS Loans (Parents)
Fixed at 7.21%

Exit Counseling

Helps you understand your rights and responsibilities as a student loan borrower. Exit Counseling is required before you withdraw, graduate, or drop below half-time attendance (even if you plan to transfer to another school). 

 >  Loan students must complete Exit Counseling when they withdraw, graduate, transfer, or drop below 6 credits. 

Loan Repayment

There are a variety of repayment plans available if you qualify. To find out more information on how much a you owe, who will be collecting your payments, and what payment plans are available log on to the National Student Loan Data System (NSLDS).

Private Student Loans

Tillamook Bay Community College does not participate in or certify alternative-private loans.  However,  pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and to satisfy the requirements of Section 128(e) of the Truth in Lending Act, a lender must obtain a Private Education Loan Applicant Self-Certification (.pdf) signed by the applicant before disbursing a private education loan.  Schools are required on request to provide this form and the required information only for students admitted or enrolled at TBCC. Students should understands that free or lower-cost Title IV federal, state, or school student financial aid may be available in place of a private education loan.

Financial Aid Information

Types of Financial Aid

Financial Literacy


FSA Loan_Basics
 Loan Basics (click on photo or here)

  FSA Exit_Brochure_2013
Exit Guide (click on photo or here)

Contact Financial Aid

This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: (503) 842-8222, ext. 1130, 1135

Toll free 1-888-306-8222 ext. 1130, 1135

Fax: (503) 842-8334

Open 8:30 AM - 4:30 PM, Monday – Friday

Feel free to drop by

Extended hours for registration during the first week of classes each term.

Extended Hours
Monday - Thursday, 7:30 AM - 6:30 PM

Closed Fridays through July and August
Tillamook Bay Community College
4301 Third Street
Tillamook, OR 97141