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Types of Loans Available
Stafford Loans:
- Federally guaranteed need-based and non need-based student loans.
- Free Application for Federal
Student Aid (FAFSA) is required.
- Fixed interest rates.
- A net origination fee (after instant rebate) of 0.5% will be charged
- Student must be enrolled at least half time.
- For more information on Stafford Loans click here.
Perkins Loans:
- Federally guaranteed need-based student loan.
- Free Application
for Federal Student Aid (FAFSA) is required.
- Fixed 5% interest rate.
- Limited funds available.
- Student must be enrolled at least half time.
- For Perkins Loan Teacher Cancellation and more information on Perkins Loans
click here.
PLUS Loans:
- Federally guaranteed loan borrowed by a parent on behalf of a dependent undergraduate student.
- Free Application
for Federal Student Aid (FAFSA) is required.
- A net origination fee (after instant rebate) of 2.5% will be charged
- Credit check required for this loan.
- Student must be enrolled at least half time.
- For more information on PLUS loans click here.
South Carolina Teachers Loans:
- South Carolina residents interested in teaching in South Carolina.
- Student must be enrolled at least half-time.
- For loan forgiveness options and more information on SC Teachers Loan click here.
Private Loans:
- MUST be in student's name (Parents may cosign)
- Can only be used to pay for educational expenses, such as tuition and fees, room and board, books and supplies, and transportation.
- Options are available for students attending less than half time.
- Click here for more information.
Grad PLUS Loans:
- Federally guaranteed loan borrowed by a Graduate/Professional student.
- Free Application
for Federal Student Aid (FAFSA) is required.
- A net origination fee (after instant rebate) of 2.5% will be charged
- Credit check required for this loan.
- Student must be enrolled at least half time.
- For more information on Grad PLUS loans click here.
In order for funds to be available for payment purposes, applications should be submitted by:
- June 1 for the fall semester
- November 1 for the spring semester
- April 1 for summer sessions
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