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Financial Aid

Loans

SCF encourages you to review all information about loans before deciding to borrow and to borrow only what you need.

Loans at SCF include:

  • Federal Direct Stafford Loans
  • Direct PLUS Loans
  • Private loans

Current federal loan interest rates

How to apply

The first step in applying for any financial aid at SCF, including grants, loans, scholarships and student employment, is to complete the FAFSA (Free Application for Federal Student Aid).

Subsidized loans will be offered to each student with need.

To accept your Subsidized Loan please log on to your SCF Connect account and accept or decline the subsidized loan.

To request the Unsubsidized portion of your loans please complete the Loan Application form and return it to the Financial Aid Office.

Loan Applications:

Loan Request Form

Plus Loan Request Form

Private Loan Request Form

Information for First-time Stafford Borrowers

If you are a first-time borrower at SCF, you will be required to:

  1. Complete Online Direct Loan Entrance Counseling, which explains your rights and responsibilities as a loan borrower and is required for all first time borrowers at SCF.
  2. Complete your Direct Loan Master Promissory Note (MPN) using your federal PIN. Note: You will only need to complete a Master Promissory Note once while you attend SCF. However, if you change schools or are not enrolled for a full academic year (fall,spring, and summer), you will need to sign a new promissory note.
  3. Students have the right to cancel all or a portion of their student loan(s). If you wish to do so, you must contact our office in writing within 14 days of this notification (A copy of your request must be sent to both the Cashier's Office and the Office of Financial Aid Services).

These steps must be completed before you can receive your first loan disbursement.

First-time, first-year Stafford borrowers will not receive their first loan disbursement until 30 calendar days after the first day of classes, according to federal regulations.

For Students taking late starting classes - disbursements of your student loans will occur once you begin attending at half time status which is 6 credit hours.

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