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South Carolina Student Loans

Are you having a hard time finding funding for your college path through a school in South Carolina? Does it seem like you are ineligible for most grants and scholarships and can't secure the amount you need in federal loans either? South Carolina student loans may be the solution you've been looking for. These resources are specifically applied to students who are state residents or who want to attend colleges in the state.

The South Carolina Student Loan Corporation does much more than provide funding for school; it offers a service that features information, resources, and account management programs, as well as offering some very low cost options for financing your higher education.

The SCSLC provides low cost loan alternatives compared to high-end lenders like private banks. Funds can be made available quickly with lower interest rates and less hassle for credit approval. As a state sanctioned loan agency that manages the Federal Family Education Loan Program (FFELP), the SCSLC allows students to apply for their Stafford and Perkins Loans right through them.

Palmetto Assistance Loans are also available in South Carolina. These are quite attractive by comparison to programs in many other states and can be applied for by students or parents (only students who are in graduate level studies or parents may apply without a co-borrower). There is also the Palmetto Assistance R&R Loan program, in which medical and dental students can receive additional funding to assist in paying tuition while being required to fulfill a residency program obligation. Sometimes, these will also cover the cost of travel expenses and relocation that are involved in a residency requirement. PAL loans have a six month grace period after completion of studies before repayment requirements begin. This allows students to obtain work and begin earning income.

The SCSLC also has consolidation loans to assist you in keeping up with payments and not ruining credit scores. The BestInterest Loan cuts interest rates for those who consistently make payments on time. HalfBack loans also offer a reduction in interest for individuals who set up automatic payment withdrawal from their bank accounts.

Paying for school is not easy, but we are here to help. OEDb's student finance section will help you find the money you need to pay your tuition and other college expenses. We cover scholarships, college grants, and student loans. Scholarships and grants are both forms of "free money", meaning they don't need to be paid back. Scholarships are typically awarded by businesses or individuals, with the money being earmarked specifically for tuition. They can be awarded based on a student's location or by religious affiliation, such as Catholicism or Islam. Grants are typically awarded by governments or non-profit organizations and the money often can be applied to several different expenses a student may incur, not solely tuition. They can be awarded based on location or ethnicity, for instance African American or Hispanic. Loans are not considered "free money", because unlike scholarships and grants, they do need to be paid back after graduation. Common federal loans include Perkins and Stafford. Loans are also available by location.