The Financial Aid Process

The information below can provide you with some easy to follow steps regarding applying for financial aid.  However, if you have any questions or concerns along the way, feel free to reach out to us anytime.

To qualify for federal financial aid a student must:

  • Be a U.S. citizen or eligible non-citizen
  • Be registered with the Selective Service Administration (Males, ages 18 through 25, are required to register with Selective Service.)
  • Be formally admitted by the Undergraduate Admissions Office or the School of Graduate Studies by our priority date for maximum consideration of gift aid.
  • Complete the 2020-2021Free Application for Federal Student Aid (FAFSA) by our priority date.
  • Be enrolled each semester at a minimum of half time status (6 credits for undergraduates and 4.5 credits for graduate students).
  • Be making Satisfactory Academic Progress (SAP).
  • Some aid sources are limited so priority is given to incoming students who apply by March 15th and returning students who apply by February 15th.
  • Set up your FSA ID. This will be your signature for the FAFSA. You (and your parent or guardian if you are a dependent student) will each need your own FSA ID. 
  • Complete the each years' FAFSA by the SCSU priority date of March 15th. The FAFSA opens Oct. 1 each year for the following academic year.
  • In the FAFSA application, click on "Link to IRS" to transfer your (and your parents, if applicable) federal tax return information to the FAFSA. 
  • Enter the SCSU federal code 001406 to have your FAFSA data sent to the SCSU Financial Aid Office.
  • Sign the FAFSA using your FSA ID. If you are a dependent student, your parent must also sign the FAFSA using his/her own FSA ID.
  • Monitor the email you use for the FAFSA for any follow up communication from the Financial Aid Office. You may be randomly selected by the U.S. Department of Education for a process called verification. One in three FAFSA’s are randomly selected.  If you are selected you will need to complete the process in order for your aid to be finalized and eligible for disbursement.
  • View your financial aid application status and award by logging in to your SCSU student portal
  • Once you have received a financial aid award, review it in the portal and accept your aid. You may choose not to accept certain awards such as loans, or you may accept less than the offered amount. Any aid that you have not accepted will not be applied to your SCSU charges.
  • Contact the Financial Aid Office with any questions about your award. (financialaid@southerct.edu – (203) 392-5222)

To secure your spot as an undergraduate at SCSU be sure to accept the offer of admissions by logging on to the Admissions portal, clicking on the Reply to Offer button and submitting the $200 non-refundable tuition deposit.  For questions about your application status you can contact the Admissions office at (203) 392-5644 or admissions@southernct.edu.

There is no deposit required for Graduate or Professional students though they are still required to accept the offer of admission on the portal.

Make sure to respond to your financial aid offer by accepting or declining the aid offered to you.  

  • Your Banner Web user name is automatically generated and is shown on your acceptance letter and financial aid award letter
  • Your Banner Web initial password will be SCSU! followed by the two digit month, day and year of your birthday (SCSU!mmddyy).
  • Go to https://login.southernct.edu and login using your user name and password
  • Select Banner Web
  • Select Financial Aid
  • Select Award
  • Select Award for Aid Year
  • Select Aid Year and click Submit
  • Select Accept Award Offer to view and accept your awards
  • Once you accept the aid, scroll down to view the requirements that must be completed in order for your financial aid to be complete.  Please note the loan requirements listed should not be completed until on or after April 15, 2020.

First time borrowers must complete a Master Promissory Note (MPN) and Entrance Counseling (EC) before their loans can be processed.

  • Go to http://studentloans.gov
  • Login using your FSA ID
  • Select Complete MPN for “Subsidized & Unsubsidized Direct Loans,” complete the form and submit
  • Click “Complete Counseling,” select “Entrance Counseling,” answer all the questions and submit

If you have a balance due after your financial aid has been processed there are a number of different options available.

PLUS Loans

The Direct Parent PLUS Loan for Undergraduate Students are loans available to the parents of dependent students.  

  • The borrower must be a parent (biological, adoptive, or in some cases, a stepparent).
  • The U.S. Department of Education is the lender.
  • Credit approval is necessary to receive the loan.  Please refer to How to Apply for a Direct Plus Loan for instructions.
  • The interest rate for the 2019-2020 academic year is 7.08% fixed.
  • The U.S. Department of Education charges an origination fee of 4.236%, effective 10/1/19.
  • If the parent is denied the PLUS loan for any reason they have the option of re-applying with an endorser (aka cosigner) or appealing the decision.  If the PLUS loan remains denied the student will automatically qualify for an additional Unsubsidized loan of up to $5000 per year in the student’s name.

 

The Direct Graduate PLUS Loan is available to graduate or professional students enrolled in a degree seeking program.

  • Credit approval is required.  Please refer to How to Apply for a Plus Loan for application instructions.
  • The interest rate for 2019-20 is 7.08%.
  • The government charges an origination fee of 4.236%, effective 10/1/19.

Payment Plans

The Student Accounts Office offers several payment plan options.  You can learn more about these plans by visiting Payment Plans or by contacting Student Accounts at StudentAccounts@southernct.edu or (203) 392-6140.

Alternative Loans

These private, bank loans can provide education financing beyond Federal Direct Loans.  You should carefully research these loans comparing interest rates, repayment options and other benefits.  You can check with any credit union or bank who offers educational loans or compare a number of options by going to https://www.elmselect.com/link/query?schoolId=759.