Financial Aid
Loan Process Summary
To request a Stafford student loan you must:
- Apply and complete the financial aid application process
- Have a 2.0 grade point average, 67% completion rate and have attempted fewer than 90 credits.
- Enroll and attend at least 6 credit hours for the semester you request loan funds.
- Complete the Stafford Entrance Loan Counseling if this is your first loan at Schoolcraft College.
- Since student loans are a type of financial aid you must submit the FAFSA for processing. Follow the directions listed previously under How do I apply for financial aid? Once your financial aid file is complete, the Office of Financial Aid will advise you of your aid eligibility. Students on financial aid probation or termination are not eligible for student loans. All other students may request loan consideration.
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Successfully complete online entrance loan counseling at http://www.mappingyourfuture.org/se. If you have previously completed online entrance counseling at this Website and indicated Schoolcraft College, you do not need to do it again.
- Entrance counseling may be done from any computer with Internet access. You may use the computers at the Schoolcraft College Bradner Library on the Livonia campus, at the Radcliff Center Library in Garden City or in the Office of Financial Aid. If you are a current student, you may use the campus computer labs.
- Complete and submit the Schoolcraft College Federal Stafford Loan Request Form.
- Your loan certification information will be sent electronically to our chosen lender. When your loan is guaranteed, your lender will contact you with the directions you need to sign your promissory note. If you are not eligible for a loan, you will receive a letter explaining the reasons you are unable to receive loan funds.
- When the Office of Financial Aid receives notice that you have signed your promissory note, an email will be sent indicating that your loan has been awarded. When your award appears in WebAdvisor or you receive the award email, you may register for classes.
Students have the right to choose to borrow from any lender who participates in the FFEL program. Students are encouraged to select the lender that best meets their needs.
A student must exhaust their eligibility in the Stafford Loan program before loan requests for the MI Loan or PLUS loan programs will be considered.
Students whose student status is “Guest” are not eligible to request student loans, including MI Loans.
Schoolcraft College does not participate in nor certify any alternative loan programs except for the MI Loan program.
This is a summary of the process. For more information on the student loan process see All about student loans.