Direct loan confirmation policy
SCAD utilizes "active confirmation" on all student direct loans prior to crediting the loan to the student's account. Active confirmation is the process requiring the student to accept the loan amount(s) he/she wants to borrow for the specified aid year. If any changes are made to the loan amount(s) prior to the loan crediting to the student's account, the loan is reset to “offered” status and the student must accept the new loan amount.
After the loan is credited to the student's account, SCAD utilizes "passive confirmation" on all student direct loans. Passive confirmation is the process where students must notify the student financial services department if they no longer want to receive the loan after receiving notification that the loan amount has changed. SCAD sends students an updated award letter as notification of changes to financial aid.
Direct loan amounts can change upon further review of eligibility, generally resulting in funds being reallocated between subsidized and unsubsidized loans. If the student no longer wants to receive the loan, he or she must return payment to the school and the loan will be returned.