All University of South Carolina system institutions will be closed through the end of the spring semester. Columbia campus virtual instruction will continue through the end of the Summer II semester (Aug 1). Details can be found on the coronavirus landing page.
Think about your future today. Before accepting or applying for any loan, we strongly encourage you to research scholarships, grants and employment opportunities first.
If borrowing remains a necessity, consider all factors, such as loan servicing fees, interest rates and repayment plans, to choose the best option for you. Loans are a form of financial aid that must be paid back within a specific time after a student graduates, leaves college or falls below half-time enrollment. The standard repayment plan for federal loans is 10 years. If you are late with your payment, it can have a negative effect on your credit history.
All Federal Direct Loans are offered by the federal government through the William D. Ford Federal Direct Loan Program. As part of the awarding process, we automatically award federal direct subsidized and unsubsidized loans as part of our financial aid offer to students. As the student, you have the choice to accept or decline a loan.
PLUS loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to assist with educational costs. You should only borrow what you need and can reasonably repay.
Private loans are offered through lending institutions such as a bank, credit union or state agency. You can choose any lending institution of your choice.
The South Carolina Teachers Loan Program was established to encourage S.C. residents interested in teaching to teach in areas of critical need to enhance the state’s educational goals. These loans are administered by the South Carolina Student Loan Corporation.
The Nursing Student Loan Program is a federal loan program funded by the U.S. Department of Health and Human Services. The program provides loans to undergraduate and graduate students pursuing a degree in nursing.
The U.S. Department of Health and Human Services realizes the need to cultivate health-professional students from various backgrounds, so they established the Health Professions Student Loan Program.
Explore student loan repayment options and learn successful tips to help you manage your student loan debt.