Additional Contact Form
4|Page
Loan Fact Sheet 2019-2020
(Failure to complete items 1 – 6 will result in Loan disbursement delays)
** Please read and INITIAL items 1 – 6.
______1.Attend a Smart Borrower Workshop (not required if attended before) and submit the
CONFIRMATION FORM: for dates and times the workshop is held go to:
http://www.solano.edu/financial_aid/dates.php
______2. COMPLETE THE LOAN ENTRANCE COUNSELING- https://studentloans.gov/myDirectLoan/index.action.
(this is required each time you apply for a loan)
For problems completing your Direct Stafford Loan Entrance contact Applicant Services:
***** 1-800-557-7394 *****
______3.SIGN THE MASTER PROMISSORY NOTE- https://studentloans.gov/myDirectLoan/index.action
(Sign with your FSA I.D. User Name and Password)
For problems signing your MPN contact Applicant Services:
***** 1-800-557-7394 *****
______4.SUBMIT A COMPLETE STUDENT EDUCATIONAL PLAN (SEP) (4 semesters)
CONTACT COUNSELING OFFICE AT 864-7101 or www.solano.edu and click on “Counseling” to make an
appointment for a Comprehensive SEP. This takes over an hour, so please mention “Comprehensive SEP”
when making your appointment. Please bring this form, and any prior transcripts with you so that your
counselor can verify that any current or prior coursework is applicable to your current program.
______5.NSLDS LOAN BORROWING HISTORY
Print and submit a copy of your loan borrowing history from NSLDS
https://nslds.ed.gov/nslds/nslds_SA/public/Home.do
______6.SUBMIT PHOTO I.D. REQUIRED
Present a valid Driver’s license or state issued photo ID when submitting a Direct Student Loan Request
Form. Your ID will be photocopied and attached to the loan request. It is unlawful for SCC to photocopy
Military issued ID’s. (source: United States Code Title 18, U.S. code, Part 1, Chapter 33, Section 701)
(http://uscode.house.gov)
ANNUAL FEDERAL DIRECT STUDENT LOAN LIMITS
ACADEMIC LEVEL DEPENDENT
Subsidized Unsubsidized
INDEPENDENT
Subsidized Unsubsidized
1
ST
Year (0 – 29.5 units)
$3,500 + $2,000 = $5,500 $3,500 + $6,000 = $9,500
2
nd
Year (30- or more units)
$4,500 + $2,000 = $6,500 $4,500 + $6,000 = $10,500
3
rd
Year & Beyond (61-90 units)
$5,500 + $7,500 = $13,000
$5,500 + $12,500 = $12,500
**Enrollment status is defined as the number of units a student is enrolled in during the course of
a semester.
1. Full Time = 12 units or more.
2. ¾ time = 9 to 11.50 units.
3. ½ time = 6 to 8.50 units.