It is needless to say that college education is very important. Although having a degree is not a guarantee having a job, it is undeniably one of the things that employers often look for and consider in an applicant’s resume.
Hand in hand with a college education’s importance, it should also be acknowledged that the funds needed for getting a college degree is also following a rising trend. There is a significant amount of money involved in financing a student who wants to earn a college degree. This is why there are a lot of institutions and corporations who are willing to lend money to students who has the drive to put themselves into college, but course, there is a silver lining to this. The South Carolina Student Loan Corporation is a dedicated institution who extends help to students and parents alike. They give the opportunity to finance college education.
South Carolina Student Loan Corporation is the only lender based in South Carolina. It has been of great assistance to a lot of people in its service of more than 30 years. South Carolina Student Loan Corporation offers several federal loan programs. There is the Stafford Loans for students. This is one of those loans that do not really look at the existing credit of the borrower. For parents, there is an available PLUS Loan. Both Stafford Loans and PLUS Loans are loans with low and fixed interest rate.
For graduate and professional students, there is an available GRAD PLUS Loans from the South Carolina Student Loan Corporation. Payments for this type of loan are not required while the student is still enrolled. This is also the only source for loans under the S.C Teacher Loan Program. The goal of this program is for those who are academically superior to enter the teaching profession. If a recipient teaches after graduation, that recipient is eligible to have some of their debt cancelled.
There are times when students have to apply for more than one loan. This usually happens when one loan cannot suffice or fund for their college education. The repayments later on will cause a lot of trouble for someone with a lot of debt with different lenders. Why? One is that a number of checks must be written each month to pay each lender. This would cost the borrower a lot in their budget.
There are also consolidation programs being offered by the corporation so that several loans can be combined. When this happens, only one payment must be made each month by the borrower. This will make the budget of the borrower easier to manage. You might be glad to know that aside from the fact that the South Carolina Student Loan Corporation continues to help students to finance their college education, they also educate these students on how to manage their debt through counseling.