Federal Direct Loans

South Settle College will start offering Federal Direct Loans to eligible students starting Fall 2014. Applications will be available in the financial aid office at the end of Spring quarter. Loan requests will only be processed for those students who have completed their 2014-15 financial aid application.

The William D. Ford Federal Direct Loan Program consists of low-interest subsidized loans (no interest while in school) and unsubsidized loans (interest accrues while in school) financed by the Department of Education. Loans are available to undergraduate and professional students who are U.S. citizens or permanent residents. Subsidized and Unsubsidized Loan repayment begins six months after student graduates or drops below half-time enrollment.
Eligible students who are attending South Seattle College at least half-time (6 or more required credits for your program) can apply for loan funds to pay for the cost of outstanding tuition and fees; when funds remain after tuition has been paid students receive the balance according to financial aid disbursement policies. Please visit http://www.direct.ed.gov/student.html and http://studentaid.ed.gov/types/loans/subsidized-unsubsidized for more information.  Loans MUST be repaid and accrue interest.

Subsidized Direct Loans are awarded to students with demonstrated financial need. Interest is subsidized (paid) by the government until six months after you leave school or drop below half-time enrollment status. In either of these cases, you must immediately complete an Exit Counseling (available at https://studentloans.gov/myDirectLoan/index.action). Loan repayment begins six months after student graduates or drops below half-time enrollment.

Unsubsidized Direct Loans are available to students regardless of income. Interest accrues from the date of disbursement, but the extra costs of accrual can be avoided by making regular interest payments while in school. Loan repayment begins six months after student graduates or drops below half-time enrollment. In either of these cases, you must immediately complete an Exit Counseling (available at https://studentloans.gov/myDirectLoan/index.action).

 

Location:

Robert Smith Building
(RSB 53)
map

Hours:

Monday - Thursday:
noon to 4:30 pm
Friday:

9:00 am to 1:00 pm

Closures:

July 25th  - CLOSED 
August 27th  - CLOSED 
September 1st - CLOSED 

Phone:

206-934-5317
(phones are not answered during closures)

Fax

206-934-7947