Rates and Fees

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Interest Rates

Loan Type Grade Level Disbursed between 7/1/2014-
Disbursed between 7/1/2015-
Disbursed after 7/1/2016
Subsidized Loans Undergraduate 4.66% 4.29% 3.76%
Unsubsidized Loans Undergraduate 4.66% 4.29% 3.76%

Origination Fees

Loan Type Disbursed after 10/1/2015 Up-Front Interest Rebate Disbursed after 10/1/2016 Up-Front Interest Rebate
Subsidized Loans 1.068% 0% 1.069% 0%
Unsubsidized Loans 1.068% 0% 1.069% 0%

The origination fee is based on the principal loan amount. The up-front interest rebate is an incentive from the US Department of Education to encourage on time loan payments.

To retain the up-front interest rebate borrowers who are in repayment will need to make the initial 12 consecutive monthly payments on time. If you do not make these payments on time you will lose the rebate, and the rebate amount will be added to your principal loan balance, which will increase the amount that you repay on the loan.

Please remember to request only the amount of money that you wish to borrow. You will be required to pay this money back with interest!

The link to the SFCC Loan Application is: www.sfcc.edu/financial_aid

To E-mail Financial Aid:

Federal regulations require that all financial aid inquiries come from your school e-mail address. Please e-mail all financial aid questions from your SFCC email account.
Log into JACK, access email account in upper right hand corner, and create a new email using “financialaid@sfcc.edu” in the address bar.

For more information please contact the Financial Aid office, 505-428-1268.


SFCC/HEC Closed April 29 & 30

Due to road conditions and weather forecast, SFCC and Higher Education Center are closed Saturday, April 29 & Sunday, April 30. No on- or off-campus classes or activities will be held, and no labs or other student services are available. Drive carefully!