SC College Loans
All a student need do to qualify is complete the FAFSA on time, be a U.S. citizen, enroll in an accredited school and seek a degree at minimum on a part-time basis. Once a FAFSA is filed, the U.S. Department of Education will provide the student, and the South Carolina schools designated by the borrower, a Student Aid Report (SAR). The school then uses the SAR to determine what loans the student qualifies for.
Sometimes, students will also qualify for a Federal Pell Grant or a South Carolina state grant. These grants are awarded on a yearly basis and are extended to individuals who apply immediately after the beginning of each calendar year.
The list of participating South Carolina schools and universities who accept federal student loans is long. Providing the school is accredited, and the student is enrolled in a qualified program the loan can be used to cover educational expenses. Some of the participating South Carolina schools include the University of South Carolina, Winthrop University, and even the Sumter Beauty College.
Students in South Carolina may also qualify for private funding. Based on credit, lenders can extend students additional funding to their federal loans, grants and scholarships. Borrowing limits in the private sector tend to be more lenient and the application process is definitely faster. Before taking out a private loan, students are encouraged to seek their federal options and then shop and compare before they sign on with a lender.
Looking for a GRANT? Turn to:
South Carolina Higher Education Tuition Grants Commission
P.O. Box 12159
Columbia, SC 29211
Read our detailed reviews of private student loan lenders.