Federal regulations also require that you complete a Student Loan Acknowledgement at the end of the session. Your loan cannot be distributed until you have completed loan counseling and your funds have been received from the lender. Sessions will be held during summer orientation programs and throughout the academic year. Parent Loans Parents of dependent students can take out loans to supplement their children's aid packages. Repayment begins 60 days after the funds are fully disbursed, and the repayment term is up to 10 years.
Some lenders offer a slight discount for automatic payment plans.
South Carolina Teacher Loan Program Residents of the State of South Carolina who plan to enter the teaching profession in the public school system and who are seeking their first certification may apply to the program. The loan is not need based and can be forgiven at the rate of 20 percent per year of teaching service in a critical need area. Due to limited funding, meeting all criteria and deadlines does not mean you will be accepted into the Teachers Loan Program. Applications are generally available in the spring for the upcoming academic year and can be picked up at the Office of Financial Aid, Scholarships and Veteran Affairs. To find a lender that's right for you, see the Preferred Lenders at the top of this page.