federal direct STUDENT LOAN INFORMATION

Southern ConnecticutState 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.  Also, loans that have been approved for one semester will also be transferred in two disbursements; one half at the start of the semester and one half at the mid-point of the semester.

Annual and Aggregate Stafford Loan limits

Annual and Aggregate Stafford Loan Limits (excel file)