SFCC

Federal Direct Loans

A loan is a type of financial aid that you repay. Apply for your Federal Direct Loan online. Start by selecting the student Loans or Parent Loans tab below and follow the directions. After you complete all the steps and become eligible you can check your loan status.

The last day to submit a loan application with and ending date of summer 2014 is Friday, August 8, 2014.

Exit Counseling

If you have used a Federal Direct Loan to help finance your education at Spokane Falls Community College, the Federal financial aid regulations require us to provide you with exit counseling information about your loan.

Exit Counseling is located on the Student Loans.gov website. Once you enter the site, click on “Exit Counseling” under the Tools and Resources section.

You will need to use the PIN #you received when you applied for financial aid to complete the exit counseling process. If you have misplaced it, you can request a duplicate on this site.

The Exit Counseling site will provide you with the following information:
  1. Total Direct Loans you have borrowed and our payment schedule
  2. Payment options – estimated monthly payments and payment days
  3. Transferring to another school
  4. Information about other student loans you borrowed
  5. Loan consolidation, deferment and cancellation information
  6. Debt Management and consequences of default
  7. Address and telephone number for the Direct Loan Servicing Center, as well as, other agencies to help you as a loan borrower
We recommend that you print the pages as you go so you can refer to them during the short quiz you will take at the end of the exit interview. You must successfully pass the quiz in order to be given credit for completing the exit interview. We will receive a list of those borrowers who successfully complete the exit interview.

SFCC TITLE IV CODE OF CONDUCT

  • The financial aid office at SFCC will process loans in a timely manner. SFCC will not refuse to certify or delay certification based on choice of lender
  • The financial aid office does not contract with any lender and does not receive any staffing assistance from lenders.
  • Students are advised to borrow loans through the federal student loan programs. Private loans will not be packaged or offered from any specific lender.
  • Employees in the financial aid office are prohibited from receiving gifts from lenders, guaranty agencies or loan servicers.
  • Spokane Falls Community College does not have revenue sharing arrangements with any lender. Advisory boards will not receive compensation from any lender. SFCC prohibits the offer of funds for private loans.

2013 - 2014 Direct Loans

To borrow Subsidized/Unsubsidized loans for periods of enrollment from July 2013 to June 2014. Follow the instructions in the box below.

  1. Enrollment Requirements
    • You must be enrolled at least half-time, which is 6 credits
    • If you have to withdraw or become less than half-time
      • Your grace period may start on old loans you have borrowed
      • Payments will be due on old loans that no longer have a grace period or were on school deferment
      • No new loan can be certified for this period
      • You may be put on warning or suspension for Satisfactory Academic Progress
      • You will need to complete Exit counseling at www.studentloans.gov
  2. If you borrow an Unsubsidized loan
    • You have the option to work with the holder of your loan and either pay the interest as it accrues quarterly or have it capitalized. Capitalized interest is added to your principal loan amount and the next quarter the interest that accrues will be calculated on your principal amount plus the capitalized interest
  3. You have the right to cancel your student loan at any time. If your loan funds have been disbursed to you, you have within 14 business days to return the funds to the college for a full refund back to the loan program. If you have already received your loan disbursement and it has been more than 14 days you can send the funds directly back to your DL Servicer

    The Financial Aid Notification serves as passive confirmation for your student loan. It tells you the new loan dollar amount that will be added to your Master Promissory Note, that you have agreed to repay

  4. Find out information about YOUR loan after it is certified
    Access www.studentloans.gov to:
    • Find out who is the Holder of your loan(s)
    • Complete EXIT counseling
    • Set up a repayment schedule
    • Find out how much you have borrowed
  5. After you complete all steps the Financial Aid Office will process your loan request and, if approved you will receive a revised Financial Aid Notification containing the loan amount and date of disbursement. You also can check the financial aid portal
    • By accepting loan disbursement, you acknowledge understanding and receipt of loan money

2014 - 2015 Direct Loans

To borrow subsidized/unsubsidized loans for periods of enrollment from July 2014 to June 2015. Follow the instructions in the box below.

  1. Enrollment Requirements
    • You must be enrolled at least half-time, which is 6 credits
    • If you have to withdraw or become less than half-time
      • Your grace period may start on old loans you have borrowed
      • Payments will be due on old loans that no longer have a grace period or were on school deferment
      • No new loan can be certified for this period
      • You may be put on warning or suspension for Satisfactory Academic Progress
      • You will need to complete Exit counseling at www.studentloans.gov
  2. If you borrow an Unsubsidized loan
    • You have the option to work with the holder of your loan and either pay the interest as it accrues quarterly or have it capitalized. Capitalized interest is added to your principal loan amount and the next quarter the interest that accrues will be calculated on your principal amount plus the capitalized interest
  3. You have the right to cancel your student loan at any time. If your loan funds have been disbursed to you, you have within 14 business days to return the funds to the college for a full refund back to the loan program. If you have already received your loan disbursement and it has been more than 14 days you can send the funds directly back to your DL Servicer

    The Financial Aid Notification serves as passive confirmation for your student loan. It tells you the new loan dollar amount that will be added to your Master Promissory Note, that you have agreed to repay

  4. Find out information about YOUR loan after it is certified
    Access www.studentloans.gov to:
    • Find out who is the Holder of your loan(s)
    • Complete EXIT counseling
    • Set up a repayment schedule
    • Find out how much you have borrowed
  5. After you complete all steps the Financial Aid Office will process your loan request and, if approved you will receive a revised Financial Aid Notification containing the loan amount and date of disbursement. You also can check the financial aid portal
    • By accepting loan disbursement, you acknowledge understanding and receipt of loan money

Parent Loans for Undergraduate Students (PLUS)

  • Before you can apply for the PLUS loan
    1. The student must have completed the entire financial aid application process
    2. The student must have received their award notification
    3. The student must have applied for the maximum Subsidized/Unsubsidized Direct Loan
  • Plan carefully so that you only need to apply for one PLUS loan per school year
  • Submission of your PLUS Request application indicates your understanding of the terms and conditions stated therein

The PLUS loan must be completed by the parent borrower.

Privacy Act Disclosure Notice

The Privacy Act of 1974 (5 U.S.C.552a) requires that the following notice be provided to you. The authority for collecting the information requested on this form is S451 et seq of the Higher Education Act of 1965, as amended. Your disclosure of this information is voluntary. However, if you do not provide this information, you cannot be considered for a Direct PLUS loan. The information on this form will be used to determine your eligibility for a DIrect PLUS loan. The information in your file may be disclosed to third parties as authorized under routine uses in the Privacy Act notices called "Title IV Program Files" (originally published on April 12, 1994, Federal Register, Vol. 59 p 17351) and "National Student Loan Data System" (originally published on December 20, 1994 , Federal Register, Vol 59 p65532). Thus, this information may be disclosed to federal and state agencies, private parties such as relatives, present and former employers and creditors, and contractors of the Department of Education for purposes of administration of the student financial assistance program, for enforcement purposes, for litigation where such disclosure is compatible with the purposes for which the records were collected, for use by federal, state, local, or foreign agencies in connection with employment matters or the issuance of a license, grant, or other benefit, for use in any employee grievance or discipline proceeding in which the Federal Government is a party, for use in connection with audits or other investigations, for research purposes, for purposes of determining whether particular records are required to be disclosed under the Freedom of Information Act, and to a Member of Congress in response to an inquiry from the congressional office made at your written request.

When you complete the PLUS Loan Application Request you are authorizing a credit check to determine eligibility for your loan.

Because we request your Social Security number (SSN), we must inform you that we collect your SSN on a voluntary basis, but section 484(a)(4) of the HEA (20 U.S.C.109(a)(4)) provides that, in order to receive any grant, loan, or work assistance under Title IV of the HEA, a student must provide his/her SSN. Your SSN is used to verify your identity, and as an account number (identifier) throughout the life of your loan(s) so that data may be recorded accurately.

Parent Loans for Undergraduate Students (PLUS)

  • Before you can apply for the PLUS loan
    1. The student must have completed the entire financial aid application process
    2. The student must have received their award notification
    3. The student must have applied for the maximum Subsidized/Unsubsidized Direct Loan
  • Plan carefully so that you only need to apply for one PLUS loan per school year
  • Submission of your PLUS Request application indicates your understanding of the terms and conditions stated therein

The PLUS loan must be completed by the parent borrower.

Privacy Act Disclosure Notice

The Privacy Act of 1974 (5 U.S.C.552a) requires that the following notice be provided to you. The authority for collecting the information requested on this form is S451 et seq of the Higher Education Act of 1965, as amended. Your disclosure of this information is voluntary. However, if you do not provide this information, you cannot be considered for a Direct PLUS loan. The information on this form will be used to determine your eligibility for a DIrect PLUS loan. The information in your file may be disclosed to third parties as authorized under routine uses in the Privacy Act notices called "Title IV Program Files" (originally published on April 12, 1994, Federal Register, Vol. 59 p 17351) and "National Student Loan Data System" (originally published on December 20, 1994 , Federal Register, Vol 59 p65532). Thus, this information may be disclosed to federal and state agencies, private parties such as relatives, present and former employers and creditors, and contractors of the Department of Education for purposes of administration of the student financial assistance program, for enforcement purposes, for litigation where such disclosure is compatible with the purposes for which the records were collected, for use by federal, state, local, or foreign agencies in connection with employment matters or the issuance of a license, grant, or other benefit, for use in any employee grievance or discipline proceeding in which the Federal Government is a party, for use in connection with audits or other investigations, for research purposes, for purposes of determining whether particular records are required to be disclosed under the Freedom of Information Act, and to a Member of Congress in response to an inquiry from the congressional office made at your written request.

When you complete the PLUS Loan Application Request you are authorizing a credit check to determine eligibility for your loan.

Because we request your Social Security number (SSN), we must inform you that we collect your SSN on a voluntary basis, but section 484(a)(4) of the HEA (20 U.S.C.109(a)(4)) provides that, in order to receive any grant, loan, or work assistance under Title IV of the HEA, a student must provide his/her SSN. Your SSN is used to verify your identity, and as an account number (identifier) throughout the life of your loan(s) so that data may be recorded accurately.

Financial Aid Portal

Your Username is your Social Security Number. The Password is the SFCC PIN number you use to register. If your PIN number is less than 6 digits, add a zero to the front of your PIN. You must have applied for Admissions to use the Portal.

Forgot your SID or PIN?


Hours this online service is available:

Sunday - Saturday 24 Hours a day

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