Loans
Beginning July 1, 2012:
End of upfront interest rebate on Federal Direct Stafford and PLUS Loans
Budget Control Act of 2011 Summary: In the past, borrowers received an up-front rebate on loan fees. The new law eliminates the up-front origination fee rebate on all Stafford and PLUS loans. These loans will now be assessed the full 1% fee on Stafford loans and the 4% fee on the Parent PLUS/Graduate PLUS loans, which will be deducted from each loan disbursement.
- 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 of 1.0% will be charged
- Student must be enrolled at least half time
- For more information on Stafford Loans click here
- 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
- 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 of 4.0% 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
- 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
- Federally guaranteed loan borrowed by a Graduate/Professional student
- Free Application for Federal Student Aid (FAFSA) is required
- A net origination fee 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









