Information on Student Loans
Private Lender and Georgia National Guard Service Cancelable Loans
Financing the cost of higher education requires careful planning. If your financial aid doesn’t cover all your costs (tuition, books, and fees), you may be able to use private lender loans and state administered loans. These options may help “bridge the gap” between your awarded aid and your total college expenses.
Eligibility often depends on your credit score, and you may also need a cosigner to quality.
*Important Note: WGTC does not participate in any Federal Student Loan Programs including PLUS, Perkins, or Direct Loans. If you have taken out federal student loans at any other schools, you can obtain information on repayment while attending WGTC by contacting your loan servicer on your studentaid.gov account.
Applicants must meet the following criteria:
Financial Aid Requirements:
- Have a current Free Application for Federal Student Aid (FAFSA) on file
- Have unmet financial need after subtracting your SAI (found on FAFSA Submission Summary) and all expected financial aid (Pell, HOPE, scholarships, etc.)
- Use the WGTC Net Price Calculator to estimate your cost of attendance and aid eligibility
- Student Enrollment Requirements:
- Be accepted to WGTC
- Be enrolled in an eligible program
- International Students:
- Must have a credit-worthy cosigner who is a U.S. citizen or permanent resident
- Must provide valid U.S. Citizenship and Immigration Service documentation
Loan Application Process:
- Apply and get approved by private lender of your choice
- After approval, WGTC Financial aid office will request applicant review and e-sign the Student Loan Information and Acknowledgement Form through the student’s Financial Aid portal
- Complete and sign U.S. Dept. of Education Private Education Loan Applicant Self-Certification form and return to lender
- The lender will then contact WGTC for loan certification
- Receive three required disclosure statements from the lender (as required by the Truth and Lending Act)
Tips:
- Borrow only what you need
- Understand all terms and conditions before signing anything
- Compare interest rates, repayment plans, and fees from multiple lenders
- Use federal and state aid before turning to private loans
Wiregrass Georgia Technical College’s Code of Conduct for Educational Loans prohibits the following:
- Revenue-sharing arrangements with any lender
- Receiving gifts from a lender, a guarantor, or a loan servicer
- Contracting arrangements providing financial benefit from any lender or affiliate of a lender
- Directing borrowers to particulate lenders, or refusing or delaying loan certifications based on lender choice
- Offers of funds for private loans
- Call center or financial aid office staffing assistance
- Advisory board compensation
For students considering a private loan lender, Sallie Mae and KHEAA are options listed below. Students are NOT required to use these lenders and are encouraged to compare various options with the private education loan provider of their choice.
Sallie Mae - Smart Option Student Loan
With the Smart Option Student Loan, you can design a loan that works for you. A choice of three repayment options, variable or fixed interest rates, and a suite of other choices let you customize your borrowing experience. Click to apply.
Wiregrass Georgia Technical College ID: 005256-00
Annual Loan Application and Solicitation Disclosure information located at https://www.salliemae.com/student-loans/smart-option-student-loan/terms/loan-app-solicitation/.
KHEAA (Kentucky Higher Education Assistance Authority)- Advantage Education Loan
KHEAA is a not-for-profit state agency offering fixed-rate, no-fee private education loans with several repayment options from which to choose.
Being not-for-profit allows KHEAA to pass along savings to our borrowers. Additional savings are available for those who sign up for autopay.
Click here to apply.
Wiregrass Georgia Technical College ID: 005256-00
Georgia National Guard (GNG) Service Cancelable Loan (SCL)
The Georgia National Guard (GNG) Service Cancelable Loan (SCL) was established as an incentive for qualified men and women to join the GNG and to retain skilled, productive citizens within the state. It is a student financial aid program that provides loans to be used towards the cost of tuition in an undergraduate program at an eligible postsecondary institution. Click to apply.
For more information email: financialaid@wiregrass.edu
