and Unsubsidized Federal Direct Loans were the first disbursement date after July 1, 2019 and before June 30, 2020
have a fixed interest rate of 4.53%. Please
note that these rates are determined by the U. S. Department of Education and are
subject to change in subsequent academic years. For additional information on how interest is calculated and what fees are
associated with your federal student loan, visit https://studentaid.ed.gov.
An origination fee is charged on
all Federal Direct Subsidized and Unsubsidized Loans. For loans first disbursed on or after
October 1, 2019 and before September 30, 2020 is 1.059%.
TO REQUEST A FEDERAL DIRECT LOAN:
1. Go to https://studentloans.gov
to complete the Entrance Counseling and Master Promissory Note.
a. At the Federal Student Aid home page, click on the Log In link.
b. Input your Username and Password, then click Log In.
c. Once you are signed in, click Complete Counseling
d. Click the Start Entrance Counseling button for Entrance Counseling. Once you finish entrance
counseling and click the Submit Counseling button, you will be at the Entrance Counseling Summary
e. Scroll down to the Next Steps section and click Complete a Master Promissory Note
lick on the link Subsidized/Unsubidized.
You will need reference information for two people with different U.S. addresses who have known you at least 3 years.
The first reference should be a parent or legal guardian. NOTE: If you have completed a Direct Loan Master
Promissory Note (MPN) within the last 10 years, you can confirm your MPN status by clicking on Completed
MPNs at the left hand side of the screen.
3. Log on to your SBCC Pipeline account.
a. Click on the Student drop-down menu near the top of the page, then select Financial Aid
b. At the Financial Aid page, click on Award, then Award for Aid Year.
c. At the Award for Aid Year page, click on the Award Overview tab. Click on the Direct Loan Request link.
The link includes the Direct Loan Request form and the Direct Loan Recommendations and
Additional Information page.
d. Review the Direct Loan Recommendations and Additional Information page for helpful tools to
complete the Direct Loan Request form.
e. The Direct Loan Request form is a fillable PDF which you will complete online and print.
to the Financial Aid Office with the completed Direct Loan Request form to meet with a Financial Aid Advisor
for loan intake advising.
a. You will need to present a picture ID to complete the loan intake process.
PECIAL INSTRUCTIONS FOR ONLINE STUDENTS:
Using your SBCC Pipeline email address, email your co
mpleted Student Loan Request form to email@example.com a
include a legible copy of an unexpired government issued ID. Please note that the Financial Aid Office may contact you
for additional phone counseling and/or video chat in order to process your Federal Direct Loan request. During our
peak processing time, it typically takes 5-7 business days for loan requests to be processed. Please note that incomplete
loan requests will not be processed.
Financial Aid Office: www.sbcc.edu/financialaid/
FEDERAL DIRECT LOAN
INFORMATION & INSTRUCTIONS