What You Should Know 起点传媒 Using a Private Student Loan at Sandhills
Financial Aid
SCC certifies private student loans for fall, spring, and/or summer semesters, one academic year at a time.
Before 起点传媒 will begin the certification process on a private loan,
students are required to:
Have a completed Free Application for Federal Student Aid, or FAFSA, on file with the SCC Financial Aid Office for the current school year
Be enrolled in classes in a degree seeking program during the loan period
Have a 2.0 cumulative GPA if previously enrolled at SCC
Have official transcripts (high school and college) on file with SCC Admissions
SCC Financial Aid will activate a student鈥檚 loan funds no earlier than eight business days after the lender has scheduled the disbursement to allow for expiration of the borrower鈥檚 Right-to-Cancel period.Therefore, students are cautioned to allow enough time for a loan to be processed
so it will be in place to cover tuition charges by the payment due date prior to each
semester.
Once the lender disburses the loan proceeds to the school, the funds are applied first
to any existing balance due and then a refund check will be issued to the student
for any remaining amount. Refund checks will not be processed until 10% of the semester
has elapsed and instructors have turned in rosters verifying student attendance generally
resulting in refund checks being mailed at the earliest during the 6th week of the semester.
A student鈥檚 academic progress will be checked at the end of each semester to confirm
a 2.0 cumulative GPA before activating loan funds for the next semester.
Pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and
to satisfy the requirements of Section 128(e)(3) of the Truth in Lending Act, a lender
must obtain a self-certification signed by the applicant before disbursing a private
education loan. The school is required on request to provide this form or the required
information only for students admitted or enrolled at the school. Throughout the Applicant
Self-Certification, 鈥測ou鈥� and 鈥測our鈥� refer to the applicant who is applying for the
loan. The applicant and the student may be the same person. This form may be obtained
from the Financial Aid Office here: Private Education Loan Applicant Self-Certification Form
