Student Services


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

Loans must be repaid!  Loans awards may be reduced, even after disbursed which can create a debt to SCF if eligibility requirements are not maintained and/or a student’s Cost of Attendance is exceeded.  If a student has received any financial aid, including but not limited to student loans, they must inform the financial aid office of such aid received as it may impact award eligibility at SCF.  Failure to do so may cause an award to be reduced unexpectedly when the over award is identified.

Loans at SCF include:

Truth in Lending Act Disclosure

Federal Direct Student Loans with a first disbursement date between July 1, 2018 and June 30, 2019, the following rates are fixed for the life of the loan.

Direct Subsidized Loans and Direct Unsubsidized Loans for Undergraduate Students 5.045%

Direct PLUS loans for Parents of Undergraduate Students and Direct PLUS Loans for Graduate / Professional Students 7.595%

Private Loans

SCF does not endorse any specific private loan lenders or have a preferred lenders list. We encourage students to research private lenders and advise students to understand all terms, rights, and responsibilities. Students should first explore scholarships and grant opportunities; as well as federal student aid through completing the FAFSA ( Federal loans will offer lower interest, are guaranteed by the Department of Education, and can provide flexible repayment terms. For additional information, please visit Federal Truth in Lending Act requires lenders to disclose key terms of lending arrangements and all costs in a uniform manner. SCF strongly encourages all students to review this information from your student loan lender prior to entering any agreements

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:

 2018-2019 Loan Forms

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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