New Students

Student Financial Services mails award letter packets to all new students who have:

Initial award letter packets are, generally, mailed eight to 10 business days after completion of the above items.

Accepting Your Award

Grants and Scholarships—No action needed. It is assumed that all students who are offered this award desire them.

Federal Perkins Loans—To accept this loan, students should complete a Federal Perkins Entrance Interview at mappingyourfuture.org and a complete an Federal Perkins Loan Electronic Master Promissory Note (eMPN) available in SAIC Self-Service in the Financial Aid section. Completion is needed one time only at SAIC.

Federal Direct Stafford Loans—To accept the federal subsidized and/or unsubsidized loans, students should complete an undergraduate Federal Direct Stafford entrance counseling session and an online Federal Stafford Electronic Master Promissory Note (eMPN) (one application for both subsidized and unsubsidized) at StudentLoans.gov. Graduate students borrowing both Federal Direct Stafford and PLUS loans should complete the graduate entrance counseling session which has both Federal Direct Stafford and Graduate Direct PLUS Combined. Completion is needed one time only at SAIC.

Federal Direct Graduate PLUS Loan Eligibility—To apply for this loan (credit check required), graduate students (post–baccalaureate students are not eligible) should complete a SAIC Federal Direct Graduate PLUS Request form available in the Forms and Guides section of the Student Financial Services website and submit it to the Student Financial Service office.

The Student Financial Services staff will certify eligibility for this loan and send the information to the federal government for processing including a credit check. Results will be sent to borrowers informing them if they have been approved or denied. If approved, instructions will direct the borrower to StudentLoans.gov to complete an online eMPN (electronic Master Promissory Note good for 10 years once the first loan has been issued). Completing a Federal PLUS eMPN will cause a credit check to occur unless a credit check is already on file (good for 90 days).

In addition, students should complete a Graduate Entrance Counseling Session at StudentLoans.gov. By completing the Graduate Entrance Counseling Session, borrowers will satisfy the requirement for both Federal Direct Stafford and Graduate PLUS loans. After that, any additional Federal Direct Graduate PLUS loans desired can be obtained by simply submitting another SAIC Federal Direct Graduate PLUS Request form for the duration of the degree program at SAIC.

Federal Direct PLUS Loan for Parents Eligibility—Parents of dependent students may apply for this loan (credit check required) by completing an SAIC Federal Direct PLUS Request form available in the Forms and Guides section of the Student Financial Services website and submitting it to the Student Financial Services office. The Student Financial Services staff will certify eligibility for this loan and send the information to the federal government for processing including a credit check.

Results will be sent to borrowers informing them if they have been approved or denied. If approved, instructions will direct the borrowers to StudentLoans.gov to complete an online eMPN (electronic Master Promissory Note good for 10 years once a first disbursement has been issued). Completing a Federal Direct PLUS eMPN will cause a credit check to occur unless a credit check is already on file (good for 90 days). Parents are not required to complete an entrance counseling session.

Federal Direct Parent PLUS Loan Denials—Parents who are turned down for a Federal Direct PLUS loan for purposes of adverse credit history will be notified by the Department of Education and have three options:

  1. Appeal the credit decision
  2. Obtain a credit worthy endorser
  3. Neither of the above—if you should not choose to appeal or obtain an endorser, you should notify SAIC Student Financial Services. The student may be eligible for additional Federal Direct Stafford loans based upon the denial

Private Loan Eligibility—To apply for this loan (credit check required), students should complete a private loan application at the website of the participating lender of choice. Helpful information on the private loan process may be accessed at finaid.org. Borrowers must reapply with their chosen lender for each loan desired. Borrowers are not required to complete an entrance counseling session.

Continuing Students

Student Financial Services will mail award letters to all eligible continuing students:

If you have not completed a FAFSA, you should do so immediately at fafsa.gov by the priority filing deadline of March 1 before each year. The new award year always begins with the summer term at SAIC.

All Students

If you have not completed a FAFSA and are interested in financial aid, please complete the application online. Read the instructions for applying for financial aid on our website.

Award letters list your financial aid awards including eligibility for grants, scholarships, loans, and student employment. Included in your award packet is the SAIC 2014–15 Financial Aid Award Guide [PDF]. You should use this in combination with your award letter to finish necessary application steps and successfully finance your education at SAIC.