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Federal Direct Loan - Getting Started

Please check back after July 1st to complete the 2016-2017 Direct Loan Application.

Please be sure you have already completed your 2016-2017 FAFSA and returned the documents we have requested before applying for the loan.















































































The Federal Direct Loan application for 2015-2016 (which begins with Summer 2015) is now available. Please be sure you have already completed your 2015-2016 FAFSA and returned the documents we have requested before applying for this loan. Students with incomplete financial aid files are not eligible for Federal Direct Loans.

The Federal Direct Loan is a student loan through Skagit Valley College, where the Federal Government is your lender. These loans are low interest, low fee loans to help pay for the cost of your education. After you read the following information, you will be directed to a secure site to complete your Federal Direct Loan application.

There are conditions and restrictions that you must be aware of if you are to receive Federal Direct Student Loan funds from Skagit Valley College.

By completing the loan application you acknowledge that you will abide by the terms and conditions of the loan and accept that you have read and understand the following:

  • You must be enrolled in at least 6 required program credits and no ineligible credits, and making satisfactory progress according to the SVC Satisfactory Progress Policy. The policy is available on the WEB at under 'Financial Aid'.
  • You must notify the Financial Aid Office (FAO) if tuition will be paid by any agency or outside source. (You do not have to notify the office if your tuition will be paid through Skagit Valley College grant funds.)
  • On a quarterly basis you must notify the FAO if you will be enrolled in less than 12 credits so that tuition can be paid and your funds will be available in a timely manner.
  • Skagit Cardinal Cards (Higher One cards) are mailed out to students with a complete financial aid file. Once you receive the card in the mail (look for the green envelope!) it is very important that you go to to choose between 3 options for funds disbursal. You will use the numbers on the card to login to the site and make your choice. When you receive your Higher One card it does not mean financial aid funds are available to you at that moment. The Higher One cards are sent in advance in order to give you time to activate your disbursement preferences. If you had a Skagit Cardinal Card last year, you will use the same card and account information this year. Your award letter will have your financial aid disbursement information.
  • If you are receiving financial aid (including a Direct Loan), and completely withdraw or stop attending all your classes, and the withdrawal results in a tuition refund that the Financial Aid Office must send back to your lender, your loan funds for the remainder of the year will be CANCELLED, and you will owe that amount back to SVC. You will need to contact the FAO to reactivate your loan account. (Subject to the Satisfactory Progress Policy)
  • By accepting loan funds you accept all of the information contained in the Skagit Valley College Financial Aid Conditions of Award and Satisfactory Progress Policy which are available on the SVC website under 'Financial Aid'.
  • Your loan application cannot be certified unless your name on your Social Security Card and Master Promissory note match.
  • The FAO REQUIRES that you provide an address where you can receive mail and when submitting address changes, you must update the Registration and FAO SEPARATELY as their systems do not update with each other. Submitting an address change over the SVC website ONLY updates with the Registration Office. The FAO does not take any responsibility for mail or email you claim not to receive and you must understand that you are still responsible for complying with all financial aid requirements. Email information will be sent to your SVC email address. (Please note that you can link your SVC email to your personal email account.)
  • You will be sent an Award Notification by email after your loan is processed. You must print, sign, date and return it to the Financial Aid Office. Loan funds will be sent to the college by the Department of Education and will first be applied to any outstanding tuition and fee charges before your disbursement is calculated.
  • Students who are first quarter, first time borrowers will not have any funds disbursed until the 30th day of their FIRST quarter at Skagit Valley College. Students who will only enroll one quarter will have two disbursements. The second disbursement will occur at the mid-point of the quarter.
  • This application you are completing is good only for the 2015/2016 school year. Applications submitted for the 2015/2016 year before July will be invalid. The loan application you are working on is valid for Summer 2015, Fall 2015, Winter 2016, and Spring 2016 assuming that you have met all other loan conditions.
  • NEW Loan eligibility changes! 150% Direct Subsidized Loan Limit: First-time borrowers as of July 1, 2013, are no longer eligible for Direct Subsidized Loans for a period that is more than 150% of the published length of the borrower's current educational program. View details for rules and limitations.
  • Skagit Valley College and the US Department of Education require that you complete Exit Counseling during your last quarter of enrollment. You will be mailed the Exit Counseling materials. This is a required step after you cease to be enrolled in 6 or more credits. Summer quarter is exempt if you will continue to be enrolled in the fall. After you cease enrollment please continue to check your SVC email as this will give you required loan exit counseling instructions.
  • This loan application must be completed by you, the student borrower, as the student incurring the debt is responsible for knowing the terms of the loan and all other loan information.
  • By accepting the loan funds you certify that you have completed the application and accept all conditions associated with receipt of these funds.

We strongly encourage you to print a copy of this page and the websites given because the details regarding your loan disbursement and eligibility are contained in the information above. By accepting loan funds you agree that you have read and understand all the conditions of receiving Federal Direct Student Loans at Skagit Valley College.

Loan Processing by the Financial Aid Office

The Financial Aid Office can process a loan application for you once we have received and processed your Free Application for Federal Student Aid (FAFSA) and all of the other required loan/file documents. You must submit the FAFSA and the required loan documents every academic year that you are requesting loans. All of the steps listed below must be completed BEFORE a loan will be processed. Loans will be processed in the order files are completed and loan requests are received. Failure to complete forms accurately and completely will result in significant processing delays. The loan process is designed so that students know all the pertinent information related to borrowing funds through the Federal Direct Loan. The Entrance Counseling and Master Promissory Note process may take up to two hours for you to complete.

During peak processing times, loans can take 4 to 12+ weeks to be certified and will be processed in the order your loan application was completed. You will receive an email Award Notification detailing the amount and types of loans you will be receiving. You must print, sign, and return a copy of the Award Notification.

Tuition payment/funds disbursal

Loan funds will be sent to the college by the Department of Education and will first be applied to any outstanding tuition and related fee charges. Skagit Valley College has adopted the Skagit Cardinal Card for disbursement of your Financial Aid funds. Watch for your card in the mail. Do not throw away or destroy! Learn more about the Skagit Cardinal Card at For loans processed AFTER the beginning of the quarter your funds should be available within 5-7 days of the Award Notification being emailed. Students who are first quarter-first time borrowers will not have any funds disbursed until the 30th day of the quarter.

Begin the Direct Loan Application process by clicking the appropriate link below:

I DID NOT receive Direct Loan funds from Skagit Valley College in the 2014/2015 year (Summer 2014 through Spring 2015)

I DID receive Direct Loan funds from Skagit Valley College in the 2014/2015 year (Summer 2014 through Spring 2015)