The U.S government offers three different kinds of federal student loans for STATE_NAME. These loans are the Federal Stafford Loan, Federal Parent PLUS Loan, and private student loans. Stafford loans are issued directly to the college student and does not require collateral or take credit ratings into consideration. Parent PLUS loans are aimed toward parents of undergraduate students. With a South Carolina college student loan, parents can borrow up to 100% of their son or daughter's tuition. Third, private student loans are credit-based, unsecured loans available to South Carolina students.
In order to be considered for student financial aid in South Carolina, you'll need to submit a FAFSA (Free Application for Federal Student Aid). After you submit the FAFSA, you will be considered for federal student loans, work study programs and college grants. The Department of Education determines the eligibility guidelines for South Carolina student loans. They'll consider several factors such as net assets, income number of family members, and family expenses when determining your financial need. Call our pleasant associates to find out more.
In this tough economy, many workers are experiencing financial hardship and job loss in South Carolina. If you've lost your job, and have student loans, many loan programs include forbearance and deferment benefits, enabling you to postpone payments for a pre-determined period of time. Although some lenders allow you to defer your education loan payments, others will not, and still other lenders handle forbearance issues on a case by case basis. Call our associates today for further information on the best student loans available to students in South Carolina.
College students will want to exhaust all of their scholarship and financial aid resources before applying for private student loans to fund their college education. Since private student loans in South Carolina are typically more expensive than federal student loans, you will want to take advantage of federal student loans before applying for non federal student loans. A private student loan should typically be your last funding resort when you have exhausted other funding sources. Call our representatives for more information about student loans in South Carolina.
Federal student loans are loans with low interest levels that you don't need to pay back until after you graduate from college in South Carolina. Once you submit a Free Application for Federal Student Aid (FAFSA), the Department of Education generates a report that details the loans you qualify for in South Carolina. You are required to demonstrate a certain level of financial need to be qualified to receive federal loans The government examines the income and assets of you and your parents to determine your level of financial need.