Federal Stafford Loans
1. Complete
the SSC Online Loan
Application. After completing the form it must
be printed and returned to the SSC Financial Aid Office or your
application will not be processed.
IF YOU ARE A FIRST TIME BORROWER PLEASE COMPLETE STEPS 2 & 3 BELOW
2. First time SSC loan borrowers must go to the following link in order to complete your Entrance Counseling.
3. Complete your Master Prom Note Online.
Before leaving school you must go to the following link in order to complete your Exit Counseling.
The Federal Stafford Loan has both a subsidized and an unsubsidized component. A subsidized Federal Stafford Loan will be provided only to students with need, as defined by the US Department of Education. An unsubsidized Federal Stafford Loan will be provided to all students not to exceed the Cost of Attendance when combined with all other student Financial Assistance resources.
Federal Stafford Loans will not be processed for students attending less than Half Time.
Federal Stafford Loans will begin to be disbursed 30 days after the semester begins and enrollment/academic status has been verified. In addition, Stafford Loans will not be disbursed prior to each student receiving an entrance interview and test in the Fall and an exit interview and test in the Spring administered by the Financial Assistance Office.
Students who are in default on a guaranteed student loan and/or who owe a refund on a federal grant will not be eligible for a Federal Stafford Loan. A written release from the U.S. Department of Education or the appropriate loan guarantee agency must be provided before a student in default and/or owing a refund on a federal grant will be considered for any Financial Assistance. This includes the institutional scholarship program.
Beginning in the 1997-98 award year, students who default on a federal loan and subsequently rehabilitate that loan will not be eligible for a new loan until they have completed a minimum of twelve (12) credit hours maintaining satisfactory academic progress.