Information on Student Loans
Private Lender and Student Access Loan (SAL) Programs
Financing the cost of higher education requires careful planning. Private lender loans and a state-administrated loan are available to students to help “bridge the gap” between the financial aid they have been awarded and any additional amounts that may be needed to pay for educational expenses, such as outstanding tuition, fees, and books. Eligibility for private lender student loans often depends on your credit score. It may be necessary to apply with a cosigner. The state administrated loan is based on a random selection process.
NOTE: Wiregrass Georgia Technical College does not participate in any Federal Student Loan Programs including Stafford, FFEL, PLUS, Perkins, or Direct Loan. If you have participated in any of these loan programs at previous institutions, you can obtain additional information on repayment of these loans while attending WGTC. See Higher Education Solutions for more information.
Applicants must have a current FAFSA with an existing unmet need after the Expected Family Contribution (EFC) and the Expected Financial Aid are removed from the college's Cost of Attendance. Expected Financial Aid includes Pell, HOPE, scholarships, etc. The EFC is shown on your FAFSA Student Aid Report. Please use the WGTC Net Price Calculator to help estimate your cost of attendance and expected aid. We strongly encourage you to research loan terms and conditions of several lenders, only borrow what you need for the school year, and ensure you understand all documents you are asked to sign.
Students must attend an eligible school and be enrolled in an eligible program. International students are eligible with a credit-worthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.
The student must be accepted into the college, have completed the Free Application for Federal Student Aid (FAFSA), and have been approved by the private lender or the SAL Program. The student must complete and submit to the Financial Aid Office a signed Student Loan Information and Acknowledgement Form after receiving approval notification from the lender to have the loan certified.
One option for students considering a private lender loan is Sallie Mae. Students are not required to use this lender and are encouraged to compare various options with the private education loan provider of their choice. After the loan is approved, the lender will contact WGTC to request certification. In accordance with the Truth in Lending Act, a student borrowing private education loan funds must receive three required disclosure statements from the lender. Before the loan can be disbursed, the borrower must complete a U.S. Department of Education Private Education Loan Applicant Self-Certification form and return it to the lender.
The lenders on this list will be reviewed annually, per federal guidelines, to ensure that it is up-to-date and still in the best interest of our students.
Wiregrass 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 services
- Contracting arrangement providing financial benefit from any lender or affiliate of a lender
- Directing borrowers to particular 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
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
Sallie Mae - Parent Loan
The Sallie Mae Parent Loan gives a parent or any creditworthy individual (including spouses, family members, and guardians) another option for financing college expenses for their student. Give the gift of education with a loan in your name and enjoy a choice of repayment options. Plus, the interest paid may be tax deductible. Click to apply.
Wiregrass Georgia Technical College ID: 005256-00
Georgia Student Finance Authority - Student Access Loan (SAL) - Technical
The Student Access Loan (SAL) Program is a need-based, low interest loan program administered by the Georgia Student Finance Authority (GSFA). The purpose of the program is to assist with the affordability of a college education, encourage timely persistence to the achievement of postsecondary credentials and incentivize loan recipients to work in public service. The loans or portions of the loans are forgivable for recipients who work in certain occupations.
To apply for a Student Access Loan, a student must complete the Free Application for Federal Student Aid, www.fafsa.ed.gov, then visit the Student Access Loan Program page at https://www.gafutures.org to complete the SAL application. Click for more information.
SAL at TCSG has a random selection process based on available funds. Selected SAL applicants will be notified by e-mail. The application for SAL is available online when the application period is open. Students may apply at any time during the application period.
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.
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