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South Carolina Student Loan Has Moved! - Our new offices are now located at 1901 Main Street, Suite 400, Columbia, SC 29201

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Parents

Save thousands compared to the federal PLUS loan.

Apply for a PAL Parent Loan
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College loans for parents

Our Palmetto Assistance Loans are exclusively for South Carolina parents and students as well as students attending South Carolina schools. With rates as low as 4.63%*, we offer some of the best student loan plans for local families.

With us, you’ve got options – take out a parent loan or cosign on a student loan for your child at the same low rate. And we offer repayment plans that make sense for your family.

We believe in giving you the tools to make great decisions for your financial future. Create a college savings plan, compare the cost of colleges, calculate your loan options, and more.

*APR rates range from 4.63% - 12.00%. Low rate shown includes a .25% reduction for bank draft. Rates based on credit and terms.

Your success is our end goal.®

A better deal than the federal PLUS loan.

Local advisers guide you at every step.

Rates as low as 4.63%*.

*APR rates range from 4.63% - 12.00%. Low rate shown includes a .25% reduction for bank draft. Rates based on credit and terms.

Helping SC students achieve their goals for over 40 years.

Calculator

Tailored to you

Is a 10 or 15 year loan right for you? Compare the numbers and design a flexible payment plan that fits your life.

Run the Numbers

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Knowledge is power

We understand the loan process inside and out, and we make sure our borrowers do too.

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College Planning

How much should we save for college?

Are you planning for college next year or in 15 years? Get your questions answered with our online tools and calculators. Compare the cost of colleges, determine how much to save, and compare tax-advantaged 529 savings plans.

Free Planning Tools
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You've watched them grow. Now help them spread their wings.

Apply for a Loan
Borrow Responsibly 
We encourage students and families to investigate all options and compare private and federal loans to choose the best loans that fit your needs. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a student loan.
This information is for students attending participating certificate or degree-granting schools in South Carolina. Borrowers must be U.S. citizens or U.S. permanent residents attending an eligible public or non-profit college or university within the U.S. The borrower must be a U.S. citizen, national, or permanent resident of the U.S. Current credit and other eligibility criteria apply.
The actual interest rate approved will be based on creditworthiness, selected loan term, and whether you elect to enter immediate repayment, pay your accruing interest or a required fixed monthly payment during the enrolled period, or for student borrowers, whether you elect to defer required payment during the enrolled period. Your rate will be disclosed in your Approval Disclosure.
Variable interest rates are based on the 1-Month Term Secured Overnight Financing Rate (SOFR) (the Index). Your rate will be effective quarterly on each January 1, April 1, July 1, and October 1 (the Interest Rate Change Date). We will calculate your new rate by rounding the Index rate, as reported by The CME Group two business days prior to the Interest Rate Change Date, up to the nearest one-eighth of one percent (0.125% or 0.00125) and adding a margin between 0.00% and 11.75% to the Index. The rate will not increase more than once a quarter, and your interest rate is capped at 12%. A change in the interest rate may cause the amount of the monthly payment to increase or decrease or may cause the number of payments to change.
A fixed interest rate means that the interest rate is fixed for the life of the loan.
*APR rates range from 4.63% - 12.00%. Low rate shown includes a .25% reduction for bank draft. Rates based on credit and terms. 
Autopay Discount – The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. If the automatic payment is canceled at any time after repayment begins, the discount will be lost until automatic payment is reinstated. The 0.25% interest rate reduction is effective the day after the first payment is made using automatic withdrawal during the repayment period. The discount reduces the amount of interest you pay over the life of the loan. The automatic payment discount may not change your monthly payment amount depending on the type of loan you receive but may reduce the number of payments or the amount of your final payment. ACH payments and discount will discontinue upon entering deferment or forbearance periods. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. 
Borrowers are required to start making full repayments within 60 days after the end of the 6-month Grace Period that begins the day after the student drops to a less than half-time enrollment status.
Loan Limits – Borrow up to your total cost of attendance minus other aid received. The aggregate limit is $150,000 for both the borrower and cosigner. The minimum amount you may borrow is $2,500.
South Carolina Student Loan
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  • 1901 Main Street, Suite 400
  • Columbia, SC 29201
  • (800) 347-2752
Let's Connect
  • About
    • Leadership
    • Board of Directors
    • Smart Borrowing Initiatives
    • Mission, Vision, Purpose
  • Meet Our Advisers
  • Calendar
  • Contact Us
    • Addresses
  • Schedule an Event
Quick Info
  • Download Forms
  • Military Servicemembers
  • Credit Reporting
  • Investors
  • Careers
Legal
  • Online Accessibility
  • Website Privacy Notice
  • Site Information
  • Customer Privacy Notice
  • Terms of Use
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