Preferred Lender Lists

Preferred Lender Lists

Tuition and Fees

South Carolina Student Loan Corporation

Website:  http://www.scstudentloan.org/

  • Borrowers can borrow up to their cost of attendance minus any other form of Financial
    Aid.
  • There is a lifetime aggregate max of $150,000.
  • There is an annual minimum of $2000.
  • There is a repayment term of 10 years if balance is less than $17,500.
  • There is a repayment term of 15 years if balance is more than $17,500.
  • There is no origination fee.
  • Borrowers can qualify for a 0.25% reduction in interest rate if they enroll in automatic
    monthly payments.
  • A cosigner is required if borrower is under the age of 24 or is 24 and older but not credit-
    worthy.
  •  There is a fixed interest rate of 3.99% to 6.99%.
  • 5.99% if borrower elects to make monthly interest payments while in school.
  • 6.99% if borrower elects to not make interest payments while in school (must still pay
    $25/month).
  • Borrowers must be enrolled at least half-time (6 credit hours) in a certificate, diploma, or
    degree program.
  • Borrowers must maintain SAP (Satisfactory Academic Progress as defined by the college
    for other financial aid.
  • Borrowers can choose between a fixed $25 per month payment option or pay the full
    monthly accrued interest after disbursement

Sallie Mae Smart Option Loan
Website:

http://www.salliemae.com

  • Borrowers can borrow up to their cost of attendance minus any other form of Financial
    Aid.
  • Borrowers can choose between a fixed $25 per month repayment option or pay the full
    monthly interest payment after disbursement.
  • There are no disbursements or origination fees.
  • Borrowers can qualify for a 0.25% reduction in interest rate if they enroll in automatic
    monthly payments.
  • Borrowers can be less-than-part-time and still receive loan
  • You can apply to release your cosigner from your loan after you graduate and make
    twelve consecutive on time principal and interest payments.
  • Borrowers do NOT have to be meeting SAP (Satisfactory Academic Progress).
  • A cosigner is required if the student borrower is not credit worthy.
  • Variable 7.02%-12.45%
  • Fixed interest rates range from 5.74% to 11.85%.
  • Borrowers must be enrolled in an eligible certificate, diploma, or degree program to
    receive loan.
  • Student and/or co-signer must be credit worthy.
  • There is an annual minimum of $1000.

Wells Fargo

Website:  https://wfefs.wellsfargo.com/terms/AppDisclosureFilter

  • Borrowers can borrow up to their cost of attendance minus any other form of Financial
    Aid.
  • Borrowers can qualify for a Graduation Discount. 0.25% interest rate reduction upon
    successful graduation.
  • Borrowers can qualify for an Automatic Pay Discount. 0.25% interest rate reduction for
    enrolling in automatic payments.
  • Variable interest rates range from 5.00% APR to 10.43% APR.
  • Fixed interest rates range from 7.24% APR to 12.45% APR.
  • Borrowers will not incur an application or origination fee, and no penalty for paying off
    your loan early.
  • You can apply to release your cosigner from your loan after you graduate and make
    twelve consecutive monthly payments are made on time and student borrower meets
    certain credit requirements.
  • Borrowers must be enrolled in an eligible certificate, diploma, or undergraduate degree
    program to receive loan.
  • You may qualify for this loan even if you are enrolled less than half time.
  • You must be a U.S. citizen, U.S. national, permanent resident alien without conditions, or
    international student who is a temporary resident alien with a current U.S. address and
    proper evidence of eligibility.