SCC participates in the William D. Ford Direct Loan (DL) Program. You must complete a FAFSA, a Direct Student Loan Request and a Direct Loan Master Promissory Note (MPN). All students borrowing for the first time at SCC are required to complete entrance loan counseling. Upon graduation or ceasing to be enrolled at least half-time, you must complete exit loan counseling as part of the process. View Student Loan Code of Conduct (PDF).
Required for all Direct Loan applicants. You need your FAFSA PIN available to use on the StudentLoans.gov website.
Download MPN instructions (PDF)
Loan requests processed at SCC are carefully considered to assure low default rates among loan borrowers. While we understand that loans are sometimes necessary, we encourage you to exhaust every possible means of assistance before requesting a loan, to borrow the absolute minimum amount you need and to have a reasonable expectation of how much you will earn after graduation. The average indebtedness of SCC students is $8,750. Using the standard repayment plan, this indebtedness would require a monthly payment of $101 for 10 years.
A Subsidized Direct Loan is awarded on the basis of financial need. No interest payments are required before repayment begins or during an authorized period of deferment. The federal government “subsidizes” the loan during these periods by paying the interest for the student.
An Unsubsidized Direct Loan is not awarded on the basis of financial need. The student will be charged interest from the time the loan is disbursed until it is paid in full. If interest is allowed to accumulate, it will be capitalized which means the interest will be added to the principal amount. Then interest will be charged based on this higher amount.
Capitalization will increase the amount that must be repaid. If the student chooses to pay the interest as it accumulates, loan payments will be less.
Phone: (864) 592-4810
Toll Free: (888) 591-3810
Fax: (864) 592-4945
Mon - Tue | 8:00am - 6:00pmWed - Thu | 8:00am - 5:00pmFriday | 8:00am - 1:30pm
Contact: Financial Aid Staff Listing