What financial aid paperwork do I need in order to get started at SCNM?
Please see the 3 Easy Steps to Apply on the Financial Aid homepage.
- FAFSA
- Stafford Loan Guide (Entrance Counseling)
- Loan Application (MPN)
How often must I complete a FAFSA?
Once a year – A new FAFSA appears online every January 2nd. This FAFSA will be effective July 1 to June 30 of the same year and you can apply online at www.fafsa.ed.gov for free.
What do I do if I lose my FAFSA pin?
Go to www.pin.ed.gov and request a duplicate pin number. It will take 2 to 3 days to receive it by email.
How much money should I borrow?
You are allowed to borrow up to the Cost of Attendance, which is determined by the Financial Aid Office. However, you do not have to borrow the full amount, you can choose to borrow a lesser amount.
Is there money left after tuition is paid?
Yes! If you borrow the full amount you will have money for books & supplies, room & board, transportation and personal/misc.
When do I get money after tuition has been paid?
Federal loan refund checks are distributed by the Business Office on the Friday of the first week of the quarter.
How is tuition paid from financial aid?
At registration students are required to pay their tuition UNLESS they are receiving financial aid. Anticipated financial aid is applied to the account and when the financial aid money is disbursed to the school the funds are applied to the student’s accounts and tuition is deducted before the student receives the money.
Can I borrow more money for electives?
NO! Federal loans are only available for classes required by the college.
Can I return money to the lender if I don’t need all of it?
YES! If you don’t want to keep all of the financial aid funds contact the Financial Aid Office and we can get the money back to the lender for you.
When should I consolidate my student loans?
The ideal time to consolidate is during the grace period. The Department of Education will not allow you to consolidate loans while you are still in school so you will want to consolidate while you still have the lowest interest rate – during the grace period.
