STUDENT LOANS

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Southern Connecticut State University (SCSU) has changed its process of providing federal student loans. The University now participates exclusively in the William D. Ford Federal Direct Loan (FDL) program.  This program allows borrowers to obtain loan funds directly from the U.S. Department of Education.

In order to be considered for an FDL, you must complete the 2013-2014 Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov, provide any documents requested by our office and accept your loans on BannerWeb.  You will then have to complete a Direct Loan Master Promissory Note (MPN) with the federal government at www.studentloans.gov before any loan funds will disburse to the university or show as estimated aid on your bill.

All first time borrowers at SCSU will be required to complete an FDL entrance counseling at www.studentloans.gov before the loan funds will disburse to the university or show as estimated aid on your bill.

Loans approved will be disbursed into two disbursements for full year awards; half in the fall semester and half in the spring semester.  Loans that have been approved for one semester will  be disbursed in one disbursement.

Annual and Aggregate Stafford Loan limits

Annual and Aggregate Stafford Loan Limits (excel file)