Federal Family Educational Loan Program (FFELP)
Undergraduates may borrow up to $3,500 per year as freshmen and $4,500 for sophomore year (must have completed at least 32 credits at SCCC) Note: Additional unsubsidized loan funds are available upon review by the campus Financial Aid Office.
SCCC has a suggested lender list which are based on the borrower benefits offered to students
Banks make loans available to students on either subsidized or unsubsidized basis (students are not limited to the to the lender list)
Subsidized loans are based on financial need (there is no interest while in school)
Unsubsidized loans are available to all students (interest is charged when the loan is received)
Students repay loans monthly starting six months after completion of their studies
For more information visit FinAid
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Federal Parent Loan (PLUS)
Parents of a dependent student enrolled at least half-time can borrow the cost of the student’s education less any financial aid awarded
Interest accrues when the loan is received
Repayment begins within 60 days of the loan disbursement
Parents and student must file the Free Application for Federal Student Aid (FAFSA) to determine what other types of federal aid may be available
After student has received the results of the FAFSA, student must file the PLUS Loan Data Sheet which is available in the Campus Financial Aid Office
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