University of South Carolina

Financial Aid & Scholarships


Applying for Educational Loans (Student and Parent)

There are several loan programs available to students and their parents that may assist in meeting the cost of achieving your degree. We encourage students to research their options and borrow only what they need. You can find more information about the loan programs here.

How to apply:


The Federal Direct Student Loan program offers low-interest loans to students who are attending at least half time in a degree seeking program. For more information, please click here.

How to Apply for Federal Direct Student Loans

If you wish to receive a Federal Direct Student Loan, please complete the following steps:

  1. Complete your FAFSA and any additional follow-up paperwork required by our office.
  2. Accept or decline your Federal Direct Student Loan by following the directions on SSC.
  3. If required by SSC, sign your Master Promissory Note.
  4. If required by SSC, sign your Entrance Loan Counseling.
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The Federal Direct Parent Loan for Undergraduate Students (PLUS) program offers a credit based low-interest loan to the parents of dependent undergraduate students to help finance additional educational expenses not already covered by the student's financial aid. Eligibility is determined by the U.S. Department of Education. If a parent is denied a PLUS loan due to adverse credit history, the student may be eligible for an additional unsubsidized Direct Student Loan. For more information, please click here.

How to Apply for a Federal Direct Parent PLUS Loan

  1. Complete the FAFSA and any additional follow-up paperwork required by our office..
  2. Complete the PLUS Request Process,which includes a credit check.
  3. If required, sign your Master Promissory Note.
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The Federal Direct Graduate PLUS Loan offers a credit based low-interest loan to graduate and professional students to help finance additional educational expenses not already covered by the student's financial aid. Eligibility is determined by the U.S. Department of Education.  For more information, please click here.

How to Apply for a Federal Direct Graduate PLUS Loan

  1. Complete your FAFSA and any additional follow-up paperwork required by our office.
  2. Complete the PLUS Request Process,which includes a credit check.
  3. If required, sign your Master Promissory Note.
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Private Student Loans are nonfederal credit based loans, made by a lender such as a bank, credit union, or a state agency. Eligibility will generally be determined by your credit history and income, or that of a required co-signer. The University of South Carolina encourages you to explore and accept scholarship and federal aid opportunities before applying for a private loan. We also encourage you to thoroughly compare private loan programs before choosing a lender. Interest rates, fees, and other provisions of these programs may be subject to change; be sure you have all of the facts. Contact lenders directly to obtain detailed information regarding their loan products. For more information, please click here.

How to apply for a Private Educational Loan

  1. Research to determine the lender that will offer you the best terms and conditions.
  2. Apply directly with the lender of your choice.
  3. Complete all documentation required by your lender and the federal government. (Please see Private Educational Loan-Self Certification Form)

Private loan applicants will be required to read, sign, and return additional disclosures, including a self-certification disclosure, in addition to signing a promissory note. Most lenders will require the school to certify your eligibility for a private educational loan. This certification request may come after you have returned all required documentation to your lender, so you are encouraged to follow your lender's instructions carefully.

Below is a comprehensive list of private student loan lenders our students have used over the past five years. There is no particular order to this list, and there is no significance attached to where a lender falls on the list. You are not limited to the lenders from this listing and may use any lender of your choosing.

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The South Carolina Teacher's and Career Changer's Loan programs are available to South Carolina residents who wish to teach after graduation. This loan may be forgiven after completion of a service commitment to either a critical need subject or geographical area. Applications are generally available in February each year and the application priority deadline June 1st. Due to limited funding, apply early.

These loans are administered by the South Carolina Student Loan Corporation. For more information, please click here.

How to apply for a South Carolina Teacher's or Career Changer's Loan

  1. Print a copy of the loan application from SC Student Loan Corporation or obtain a copy from the University's College of Education.
  2. Complete the application and submit it to the College of Education at Wardlaw College (room 113).

Once SC Student Loan Corporation approves your application, we will be notified and then add your loan to SSC.

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These three programs are administered by the University and require no application other than the completion of a FAFSA. All are awarded based on demonstrated financial need and as a part of the process previously noted in "How We Award Federal and State Funds". Funding in each program is limited and will be awarded to eligible students according to federal regulations.

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