College Financial Aid Office

Loan Programs

South Carolina Student Loan is a lender in the Federal Family Education Loan Program.  Our federal lender code is 833128, and our federal guarantor code is 745.  Below is a summary of the loan programs we currently offer.

Federal Stafford Loan - A long-term, low interest rate loan available to students to help pay expenses related to attending a college or university.
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Federal Parent PLUS Loan – Designed to help parents (with dependent children) pay the cost of their child’s education expenses.
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Federal Graduate/Professional PLUS Loan (Grad PLUS) - Designed to help graduate or professional students pay the cost of their education expenses.
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Federal Consolidation Loan - A loan that will allow a borrower to combine federal student loans into a single, fixed rate loan with one payment each month.
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SC Teachers Loan - A 100% forgivable loan, offered exclusively by South Carolina Student Loan (SCSL), designed to entice talented and qualified students to the teaching profession. 
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SC Career Changers Loan - A 100% forgivable loan, offered exclusively by South Carolina Student Loan (SCSL), designed to assist individuals wishing to change careers and enter the teaching profession. 
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SC PACE Loan - Offered exclusively by South Carolina Student Loan (SCSL), this program reimburses individuals for expenses associated with the SC Program of Alternative Certification for Educators (PACE) program. 
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Palmetto Assistance Loan (PAL) – A private loan offered exclusively by SCSL for students and the parents of undergraduate students to supplement their federal loans and other financial aid. 
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PAL Residency and Relocation (R & R) Loan – A private loan offered exclusively by SCSL for 4th year medical students seeking their residency.
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PAL Law PREP (Practice Review and Exam Preparation) Loan – A private loan offered exclusively by SCSL for law students preparing for and taking the Bar Exam.   
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PAL Consolidation Loan - A private loan offered exclusively by SCSL that allows borrowers to consolidate all of their private education loans into a single, variable rate loan with one payment each month. 
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