Financial Aid Loans

Federal Direct Loans

These loans are part of the William D. Ford Federal Direct Loan Program. Federal Direct Subsidized and Unsubsidized loans are low-interest loans for eligible students to help cover the cost of higher education Federal Direct PLUS loans are loans parents of dependent undergraduate students can use to help pay education expenses.

Seminole State Debt Management Policies

Although not required by the Department of Education to have a default prevention plan in place, the Office of Financial Aid and Scholarships at Seminole State College of Florida makes significant efforts in the areas of default prevention and debt management.

Seminole State's three-year cohort rates can be accessed at the
Department of Education site.

• Loans will not be approved for any former or transfer students whose cumulative GPAs fall below a 2.0 or who are on financial aid suspension. Students will not be reconsidered for a loan until their suspensions are cleared.
• Students who have attempted 90 credit hours and not earned a degree (A.A. or A.S.) will no longer be considered to be making satisfactory academic progress. To be eligible for a loan, these students must submit a written explanation, which must be approved by Seminole State's Financial Aid Committee.
• Students who have previously defaulted on a student loan will not be approved for another loan at Seminole State until the defaulted loan is paid in full.
• Students who drop below half-time enrollment (six credit hours per term) must complete an Exit Interview.

A loan is money you borrow and must pay back with interest. If you decide to take out a loan, make sure you understand who is making the loan and the terms and conditions of the loan. Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources.

Federal government loans are reserved for undergraduate, degree-seeking students who are enrolled at least half time. Once your Free Application for Federal Student Aid (FAFSA) is completed, the Financial Aid Office will process your financial aid, which may include loans.