Loan Processing Procedure 

Every student that indicates on his/her Free Application for Federal Student Aid (FAFSA) application form that he/she is interested in a student loan is sent a form letter explaining the loan processing procedure as it is set up for student attending SVCC. The information shown below includes the information page mailed to students and a detailed explanation of each part of the loan process.

There are two ways to process a Stafford Loan (student) or a PLUS Loan (parent) at SVCC.  The first and preferred method (via the internet) will decrease the amount of time and paper work involved in completing the loan process at SVCC.  This is completed using the SVCC web site (http://www.svcc.edu).  The steps to complete this process from start to finish are shown in the block diagram shown here (pdf).

 The areas listed below give detailed information about each step of the loan process and/or additional information concerning a paritcular area of loan processing:

Introduction
Types of Loans
Preferred Lender List Selection Criteria
Loan Disbursement Dates
The SVCC Stafford or PLUS Loan Application
Loan Counseling Requirements
Master Promissory Note Requirements
Loan Approval Form
Receipt of loan checks
Alternate Loan process
Sample Loan Repayment Charts
Loan Deferment Information