Loans

 

Loans

SPC only participates in the

William D. Ford Direct Loan Program

Refer to the Online Catalog for detailed loan information

Application Process for Federal Loans

  • Complete the FAFSA, and provide any other requested documents in order to complete your Financial Aid file
  • Complete the William D. Ford Loan Request Form for Students (or for Parents for a PLUS loan) link below
  • Follow the instructions on the Loan Request Form to complete the Master Promissory Note and Loan Entrance Counseling (or PLUS loan application for parents)

SPC will certify the loan for the requested amount or the maximum eligibility, whichever is less.

Types of Loans for Students

Subsidized Loans:

  • Eligibility based on financial need as determined by the FAFSA
  • Must be enrolled in at least 6 credit hours
  • No interest charged while in school at least half-time

Unsubsidized Loans:

  • Not based on financial need
  • Must be enrolled in at least 6 credit hours
  • Interest charged from the time the loan is disbursed

Important Note: If you are a first-time college student, your loan will be on a 30-day hold. This means the loan cannot be applied to your student account in the Business Office until 30 days into the semester. If this applies to you and you need help paying tuition, contact the Financial Aid Office about an Emergency Loan.

Types of Loans for Parents

PLUS Loan (Parent Loan for Undergraduate Students)

  • Not based on financial need
  • Student must be enrolled in at least 6 credit hours
  • Interest charged from the time the loan is disbursed
  • Credit check required for the parent borrower  

Loan Forms and Links

Fall/Spring 2014-2015:

Loan Request Form for Students

PLUS Loan Request Form for Parents

Any Year:

Entrance Counseling

Master Promissory Note

When you leave SPC or drop below 6 hours:

Exit Counseling

 


 

 

 


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