Sauk Valley Community College

an institution of higher education that provides quality learning opportunities to meet the diverse needs of its students and community

Direct Loan Request Form

  • Step 1:
    Loan
    Policy
  • Step 2:
    Select a
    Lender
  • Step 3:
    SVCC Stafford Application
  • Step 4:
    Loan
    Counseling
  • Step 5:
    Master Promissory Note


Introduction

Federal Direct Loan

The Direct Loan is a long-term, low-interest loan created to help you pay for your education. The loan is federally insured and guaranteed by a guarantee agency. Eligibility for the Direct Loan is based on financial need. Your eligibility is determined by reviewing the data submitted on your Free Application for Federal Student Aid (FAFSA) and on supporting documents, if required. In addition to financial need, you must be enrolled or accepted for enrollment in a degree or professional program. You must be enrolled at least half-time (6 hours or more) and be a U. S. citizen or eligible non-citizen (permanent resident).

Unsubsidized Direct Loan

The Unsubsidized Direct Loan program is available to all students regardless of income. Students will pay the interest during the in-school and deferment periods. A lender may capitalize as often as quarterly, however, some lenders will capitalize the accrued interest (add it to principal) only once, when repayment begins.

Borrowing a student loan is an important decision. Please feel free to contact our office at (815) 288-5511, ext. 339 if you have any questions about the student loans available to you. We look forward to assisting you in financing your education at Sauk Valley Community College.

Student Name
Loan Period
Amount Requested
  • Is this your First Direct Loan at SVCC?
Confirmations

You may access your SVCC e-mail account by following the instructions at www.svcc.edu/students/studentemail/index.html

By clicking the following Submit Button, you hereby authorize Sauk Valley Community College (SVCC) to forward the Direct Loan request to the lender indicated above. Clicking the submit button implies that you understand that you must complete a Master Promissory Note if you are a first time borrower with the selected lender.