Loans

South Texas College students can apply to state or private loan programs to help cover educational expenses. The college does not participate in Federal Title IV student loan programs such as Direct, FFEL, Stafford or Federal Perkins loans.

Deadlines:
Loan certification requests must be received by the Office of Student Financial Services by 5 p.m. on the census date of the courses for which the loan is being requested. Loans received after the deadline will not be certified.

Loan Amounts:
Loan amounts will be based on hours enrolled for the semester for which the loan is being requested. Not all amounts are available for all loans. The amounts are as follows:

• 12hrs or more: $5,000
• 9hrs - 11hrs: $4,000
• 6hrs - 8hrs: $3,000
• 3hrs - 5hrs: $1,500

Additional Loan Information

Loan Certification Process

Once you submit a completed application to your lender, you will be added to a Certification Roster. We process certifications twice a week, during which the college reviews your eligibility. Please note that lender approval does not guarantee school certification. Students are limited to one loan per semester. If you apply for multiple loans, we will certify the first approved application received by our institution.

Loan Processing Time

Minimum of 3-4 weeks for institution to receive funds.
Unfortunately, it is difficult to give a specific timeline of the loan process. Many factors can affect when a student receives their loan including submitting an incomplete loan application, the loan requiring a cosigner and/or holidays (both federal and school). The estimated timeline for the loans is a minimum of 4 weeks in order for the institution to receive funds.

Note: All loan require that a disbursement date be between 9-11 business days after certification to allow for the borrower's Right to Cancel.

3-5 business days for fund verification.
After the institution receives your funds, the Business Office will begin the verification process. This typically takes 3–5 business days, though processing may extend to 7 business days during peak registration periods.

Student Account Credit Balances.
Once the Business Office verifies receipt of your loan, the funds will be applied to your account balance. Refunds (if eligible) are then processed by the Cashier’s Office according to your selected preference. To ensure you receive your credit as quickly as possible, please review and select a refund method.

Loan Status

To check the status of your loan please visit JagNet and follow the instructions below:

• Login to JagNet.
• Click on the "Financial Aid" app.
• Select the Aid Year the loan was applied for on the top right corner.
• Click on "Notifications".

Dropping/Withdrawing from Courses

If you are receiving a loan and plan to make changes to your schedule, please notify our office immediately. Changes can result in having your loan adjusted and/or canceled.