We offer a private loan for parents and students, the Palmetto Assistance Loan (PAL), as well as a state-funded loan for students who go into teaching, the South Carolina Teachers Loan.

The sooner you apply for a loan, the better. After you have filed your FAFSA, your college financial aid office will determine your eligibility for scholarships, grants, and federal student loans. Once determined, they will mail you a financial aid award letter detailing your total eligibility.

If you need funding beyond the federal loans, you are welcome to apply for our private loan, the Palmetto Assistance Loan.

If you are borrowing a Palmetto Assistance Loan then you have the following options:

1. Deferred payment – Payments are not required during enrollment or during your initial grace period.
2. Fixed payment – A $25 monthly payment is required while you are in school.
3. Interest payment – Pay the monthly accrued interest while you are in school.

Once you graduate or fall below half-time, you will start making full monthly payments (principal and interest) sixty days after that time.