SCC Financial Aid students have the option of applying for a Private Loan if they have received the following notifications from the Financial Aid Office: Award Notice, Denied Final Notice, SAP Denied Notice or a No Need Notice. SCC does not advise or promote Private Loans or Lenders. It is the student's responsibility to research and determine what lender they will select. Some of the Lenders students have selected are:
• Sallie Mae
• Wells Fargo
PRIVATE LOAN REQUIREMENTS
SCC provides private student loan certification services for students meeting the following requirements:
1. All students must complete a FAFSA application with SCC at http://www.fafsa.ed.gov/ ; and
2. All students must have an SCC eligible educational goal and major; and
3. All student must be enrolled (in session) at least halftime in eligible units (Fall/Spring with 6 units; Summer with 3 units)
4. Students enrolled in less than 6 SCC units but enrolled within The Los Rios Community College District for a minimum of six eligible units combined, must submit a consortium request form for consideration to meet the six-unit requirement.
Please Note: In certain cases, a student who is eligible to receive direct student loan(s) may opt to have a private loan instead and will need to make an appointment to meet with a Financial Aid Staff. The Financial Aid Staff will discuss available options and the completion of an award adjustment form to decline federal/state financial aid.
PRIVATE LOAN PROCESSING DATE ORDER
Private loans are given the following processing date order of the later of:
A. Private loan application receipt date; OR
B. The latest date you have met all the private loan requirements.
CHECK YOUR PRIVATE LOAN STATUS
View your private loan dates under the "My City Aid" Message Tab and the processing date the office is working on under the SCC Financial Aid webpage "Financial Aid Update."