Direct Student Loans

 

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Welcome to the financial aid loan application process! We believe the on-line loan application process is the best way to apply for your student loan.  If needed read instructions (pdf) for applying for loan.

 

Seminole State College Loan Requirements:

• If you are applying for a loan for the first time & did not complete Online Loan Entrance Counseling from the previous page, please complete it now.  Then continue with this application.

• Student must be enrolled in at least 6 college hours.
• Student can not be in default on any loans.
• Students with an existing GPA must have a cumulative 2.0 or higher. Transfer students must have on file an official transcript from all previously attended institutions before loans will be processed.
• Academic progress will be monitored: passing grades for loans are A, B, or C. A student failing a class or classes at the time SSC receives the loan funds will NOT be eligible for the loan funds until passing grades are verified in every class.
• A student MAY drop a class PRIOR  to SSC receipt of the loan funds with the understanding that the loan amount could change.
• If charges against the loan have been made, the amount charged must be paid prior to disbursement of the loan funds to the student.
• Students leaving school will be required to complete the Online Exit Counseling. Failure to do so will result in a hold being placed on your academic transcript.

 

Maximum Annual Loan Amount for Dependents Only

DEPENDENT UNDERGRADUATES	Subsidized	Additional UnSubsidized	Total (Subsidized and  Unsubsidized)
First Year Student(1 full academic year)	$3,500	$2,000	$5,500
Second Year Student( 1 full academic year)	$4,500	$2,000	$6,500
* For dependent students whose parents cannot borrow under the PLUS program, the amount a student can borrow under the unsubsidized program is the same as for an independent student.

 

 

Maximum Annual Loan Amount for Independents Only

INDEPENDENT UNDERGRADUATES *	Subsidized	Additional UnSubsidized	Total (Subsidized and  Unsubsidized)
First Year Student (1 full academic year)	$3,500	$6,000	$9,500
Second Year Student ( 1 full academic year)	$4,500	$6,000	$10,500
* For dependent students whose parents cannot borrow under the PLUS program, the amount a student can borrow under the unsubsidized program is the same as for an independent student.