Applying for and Receiving Financial Aid
Applying for and Receiving Financial Aid
Students must first apply for admission and be accepted to SCAD in order to receive financial aid.
Students also should complete the Free Application for Federal Student Aid (FAFSA) online, and include SCAD as a school choice using the SCAD code number 015022. Accurate income tax information should be used and is accessible on the FAFSA website through the Internal Revenue Service's data retrieval tool.
Within three to five days after filing the FAFSA online, students should receive a Student Aid Report. Students should review the SAR for accuracy and submit any necessary revisions to the federal processor.
Students who receive a request for additional information from the SCAD financial aid office should complete and return the information promptly.
If selected for verification, students may be required to submit documentation in the form of a prior year's IRS tax transcript. Further information is available online.
After all information has been received and processed, an official award of financial assistance is sent to the student from SCAD. The award lists all financial assistance the student can receive, including scholarships, grants and loans.
Step 1
Apply and be accepted to SCAD. Apply online.
Step 2
Complete the Free Application for Federal Student Aid (FAFSA) online. Please include SCAD as one of your school choices. The SCAD code is 015022. Be sure to include accurate income and tax information, accessible through the IRS data retrieval tool.
Step 3
If you receive a request for additional information from SCAD, please respond promptly.
Step 4
Within three to five days of filing your FAFSA, you should receive a Student Aid Report (SAR). Please review it for accuracy and submit any necessary corrections.
Step 5
An official financial aid award letter will arrive from SCAD via email and mail soon thereafter. This letter lists all of your financial assistance including scholarships, grants and loans. This information is current at the time and is subject to change. The award notification is also posted in MySCAD for students who have paid the enrollment fee and have been assigned a personal identification number.
Step 6
If your financial assistance package includes Federal Direct Loans and/or Direct PLUS Loans you wish to accept, carefully follow the instructions to complete the requirements and receive your loan provided under the "Receiving Your Federal Loan" tab.
Apply and be accepted to SCAD. Apply online.
Step 2
Complete the Free Application for Federal Student Aid (FAFSA) online. Please include SCAD as one of your school choices. The SCAD code is 015022. Be sure to include accurate income and tax information, accessible through the IRS data retrieval tool.
Step 3
If you receive a request for additional information from SCAD, please respond promptly.
Step 4
Within three to five days of filing your FAFSA, you should receive a Student Aid Report (SAR). Please review it for accuracy and submit any necessary corrections.
Step 5
An official financial aid award letter will arrive from SCAD via email and mail soon thereafter. This letter lists all of your financial assistance including scholarships, grants and loans. This information is current at the time and is subject to change. The award notification is also posted in MySCAD for students who have paid the enrollment fee and have been assigned a personal identification number.
Step 6
If your financial assistance package includes Federal Direct Loans and/or Direct PLUS Loans you wish to accept, carefully follow the instructions to complete the requirements and receive your loan provided under the "Receiving Your Federal Loan" tab.
Direct Loan borrowers
Complete requirements to receive your loan.
If you are a first-time student Direct Loan borrower, you must complete a Direct Loan Master Promissory Note. The easiest way to fulfill this requirement is online. After you successfully complete the Direct Loan MPN online, it remains on record with the loan servicer and links with all student loans submitted. If you are unable to complete a Direct Loan MPN online, you may request a paper version from SCAD.
If you are a first-time student Direct Loan borrower, you must complete a Direct Loan Master Promissory Note. The easiest way to fulfill this requirement is online. After you successfully complete the Direct Loan MPN online, it remains on record with the loan servicer and links with all student loans submitted. If you are unable to complete a Direct Loan MPN online, you may request a paper version from SCAD.
First-time loan borrowers
Entrance loan counseling for all first-time student loan borrowers
This requirement should be fulfilled online well in advance of the first anticipated disbursement of your student loan funds.
To fulfill the entrance loan counseling requirement online:
If you are unable to complete this requirement online or you would like additional information on this subject, please contact your adviser. It is important to the Department of Education, as well as SCAD, that students understand the terms of student loans to which they obligate themselves. The entrance loan counseling requirement should be fulfilled well in advance of the first anticipated disbursement of your student loan funds.
This requirement should be fulfilled online well in advance of the first anticipated disbursement of your student loan funds.
To fulfill the entrance loan counseling requirement online:
- Sign onto the website (you will be asked for your Social Security number, first two characters of last name, DOB, and PIN #).
- Select the appropriate link to 'Complete Entrance Counseling.'
- You will be directed to simple instructions and prompted to click on the link 'Complete Entrance Counseling.'
- Select the type of Entrance Loan Counseling-undergraduate or graduate.
- Read all of the information carefully; the questions on the online quiz will thoroughly test your understanding of the subject matter.
- Before completing Entrance Loan Counseling, you will be required to review your Borrower Rights and Responsibilities. Print a copy for your records and return to your Entrance Loan Counseling session.
- Select Submit and you have completed Entrance Loan Counseling. You may print a completed Counseling Verification Page for your records.
- SCAD is notified electronically of your successful competition of Entrance Loan Counseling.
If you are unable to complete this requirement online or you would like additional information on this subject, please contact your adviser. It is important to the Department of Education, as well as SCAD, that students understand the terms of student loans to which they obligate themselves. The entrance loan counseling requirement should be fulfilled well in advance of the first anticipated disbursement of your student loan funds.
Direct PLUS Loan borrowers
The first step for parents* or graduate-level students interested in Direct PLUS Loans is to complete the online PLUS Request Process. Once you receive your positive credit decision you may need to complete a Direct PLUS Loan MPN as well. A Direct PLUS Loan MPN is required for:
The Direct PLUS Loan MPN is available online, and links only to loans with a positive credit decision. The parent borrower who completed the application for the PLUS loan must also be the one to complete the Direct PLUS Loan MPN. If the parent borrower is unable to complete the Direct PLUS Loan MPN online, he or she may request a paper version from SCAD.
Completing a Direct Loan or Direct PLUS E-MPN
*Eligible parent borrowers include biological/adoptive and stepparents (must be listed on the FAFSA).
Parent PLUS borrowers can elect to have any excess funds refunded to the student through the E-MPN. (The paper authorization form has precedent over the E-MPN.)
- All first-time Direct PLUS Loan borrowers
- Prior-year borrowers who completed a Direct PLUS Loan MPN but required an endorser. Loans with endorsers require a promissory note for each loan.
The Direct PLUS Loan MPN is available online, and links only to loans with a positive credit decision. The parent borrower who completed the application for the PLUS loan must also be the one to complete the Direct PLUS Loan MPN. If the parent borrower is unable to complete the Direct PLUS Loan MPN online, he or she may request a paper version from SCAD.
Completing a Direct Loan or Direct PLUS E-MPN
- Sign onto the website (you will be asked for your Social Security number, first two characters of last name, DOB, and PIN #).
- Select the appropriate link to 'Complete Master Promissory Note.'
- Select the type of loan you would like to receive - Direct Loan MPN for students, Grad PLUS MPN for graduate students, or PLUS MPN for parents.
- Read all of the information carefully; this information discloses guidelines about borrowing money.
- Complete all sections of the E-MPN: Personal Information, Personal References (two), Terms and Conditions, and Review and Sign (The time and date of your signature will be recorded and made part of your completed MPN).
- After signing the E-MPN, you may review your Master Promissory Note by clicking the Review Master Promissory Note link. Once you have reviewed your MPN, close the document. Then click the 'Submit' button to send the E-MPN to the Department of Education. (Neither the DOE nor SCAD accepts paper copies of the E-MPN).
- You will receive a message and an email that your MPN has successfully been submitted. You may print a copy for your records at this time, or you may retrieve a copy at another time by clicking on the link for Completed MPNs.
- SCAD is notified that the borrower has the Direct Loan E-MPN on file electronically.
*Eligible parent borrowers include biological/adoptive and stepparents (must be listed on the FAFSA).
Parent PLUS borrowers can elect to have any excess funds refunded to the student through the E-MPN. (The paper authorization form has precedent over the E-MPN.)
How do I qualify for a SCAD scholarship?
Applicants are automatically considered for academic honors scholarships. Preference is given to students with a cumulative GPA of at least 3.0 and SAT/ACT scores at or above the national average, based on the critical reading and math components of the test. Additionally, students are reviewed for achievement honors scholarships upon submission of a list of achievements and/or a portfolio, audition, writing submission or riding video. Scholarships are awarded based on academic merit and/or achievement merit. Other scholarships may be available to students based on financial need or other qualifiers.
View full listing of our scholarship opportunities or for detailed information about portfolio submissions.
When should I apply?
In order to receive financial aid, students must first apply for admission and be accepted to SCAD.
Students should also complete the Free Application for Federal Student Aid (FAFSA) online, and include SCAD as a school choice using the SCAD code number 015022. Students should be sure to use accurate income and tax information, which is accessible on the FAFSA website through the Internal Revenue Service's data retrieval tool. Funding is awarded to the earliest qualifiers.
Each year, certain students' FAFSAs are randomly selected for verification by the federal government. If your application is selected, you will be notified by the government on the front page of your Student Aid Report (SAR). Verification requires schools to document the accuracy of the information supplied on the FAFSA. This documentation includes, but is not limited to, a verification worksheet and tax transcript (for the student and/or parent(s) or spouse, as applicable).
What are my direct costs to SCAD?
Tuition is a direct cost for all students. Room and board fees are direct costs for students living in residence halls.
Applicants are automatically considered for academic honors scholarships. Preference is given to students with a cumulative GPA of at least 3.0 and SAT/ACT scores at or above the national average, based on the critical reading and math components of the test. Additionally, students are reviewed for achievement honors scholarships upon submission of a list of achievements and/or a portfolio, audition, writing submission or riding video. Scholarships are awarded based on academic merit and/or achievement merit. Other scholarships may be available to students based on financial need or other qualifiers.
View full listing of our scholarship opportunities or for detailed information about portfolio submissions.
When should I apply?
In order to receive financial aid, students must first apply for admission and be accepted to SCAD.
Students should also complete the Free Application for Federal Student Aid (FAFSA) online, and include SCAD as a school choice using the SCAD code number 015022. Students should be sure to use accurate income and tax information, which is accessible on the FAFSA website through the Internal Revenue Service's data retrieval tool. Funding is awarded to the earliest qualifiers.
How does the book provision policy work?
The Book Provision Policy provides Pell Grant eligible students with a means to purchase books and supplies prior to the end of the first week of class. To be eligible, students must have received Pell Grant funds, have a Title IV credit balance for the quarter, and have met all requirements for disbursement 10 calendar days prior to the start of the quarter. Eligibility is reviewed each quarter.
Once a student is determined eligible for the Book Provision Policy they will have access to their credit balance (up to $800) via their SCAD Card account. For more information regarding the Book Provision Policy, see SCAD's financial policies.
What is verification?
Each year, certain students' FAFSAs are randomly selected for verification by the federal government. If your application is selected, you will be notified by the government on the front page of your Student Aid Report (SAR). Verification requires schools to document the accuracy of the information supplied on the FAFSA. This documentation includes, but is not limited to, a verification worksheet and tax transcript (for the student and/or parent(s) or spouse, as applicable).
What are my direct costs to SCAD?
Tuition is a direct cost for all students. Room and board fees are direct costs for students living in residence halls.
Did you submit an amended tax return?
If you amended your tax return, you must also submit a signed 1040X tax return, in addition to your tax return transcript, to complete verification.
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