Loans

Students who need funds beyond Financial Aid to pay for education-related expenses may be interested in the payment plan and loan options available at Southeastern Technical College. Southeastern Technical College requires all students who wish to seek funds to first complete the Free Application for Federal Student Aid and complete any required verification.

Payment Plan

In addition to HOPE and Pell Grants, Southeastern Technical College offers a payment plan option through Nelnet to assist students in paying for college expenses. The Nelnet plan requires upfront payments and payments during each term and must be paid by the end of each term of enrollment. More information is available at http://www.mycollegepaymentplan.com/stc.

Loans

Southeastern Technical College does not participate in the Federal Stafford Student Loan program or the Federal Parent PLUS Loan program. Loans should be used as a last resort to pay for education expenses. Students needing loans to finance their education must consider state and private loan options.

Private student loans are different from federal student loans in that they are not guaranteed by the federal government, require a credit check, and often require a co-signer. Terms and conditions vary significantly by the lender. Carefully consider your needs, and then select a loan product that best meets your individual situation.

Georgia Student Access Loan (SAL)

Technical college students in Georgia are eligible to apply for the Student Access Loan each aid year in amounts up to $3,000. These loans have a low interest rate, usually 1%, and are awarded on a first-come, first-served basis. Preference is given to students receiving either HOPE or Zell Miller Scholarship or Grant.

Criteria for the SAL Loan are:

In addition to the eligibility requirements from the Georgia Student Finance Authority, Southeastern Technical College has developed additional eligibility requirements. In order to have a Student Access Loan certified or to receive a Student Access Loan disbursement in any term, students must:

  • have a minimum of a 2.75 GPA; and
  • be in Good Standing for Satisfactory Academic Progress (cannot be on warning, probation, suspension or on an Academic Plan); and
  • have not borrowed the Aggregate Federal Loan Limits;
  • have not reached the Pell Lifetime Eligibility of 600%; and
  • have never been in a delinquent status on the monthly Keep in Touch (KIT) payments. If the borrower is ever in a delinquent status on the KIT payments, the borrower will not be eligible for future disbursements or future loans in the SAL Program; and
  • complete the Financial Awareness Counseling at https://studentloans.gov/myDirectLoan/counselingInstructions.action?counselingType=fa.

A student may appeal Southeastern Technical College’s institutional requirements for certifying a Student Access Loan by writing a letter to the Director of Financial Aid if they are not meeting one of the requirements listed above.

Delinquency of the KIT payments cannot be appealed.

Student Access Loan (SAL) Promissory Note documents and SAL Keeping In Touch (KIT) Payments can now be submitted online at https://www.pathways2gsfa.org/.

The application process for SAL generally runs from mid-May until mid-September.

More information is available on the GAfutures website state loans page.

Private Loans

Southeastern Technical College certifies private loans from various lenders. It is important to note that Private Education Loans should be used as a last resort to pay for education expenses and require you meet satisfactory academic progress standards. Private Education Loans are different from Federal Direct Stafford Loans in that they are not guaranteed by the federal government, require a credit check, and often require a co-signer. Interest rates, terms, and conditions can be significantly different depending on your credit rating and the lender you select. Consider your options carefully before you apply for a loan.

Southeastern Technical College offers an online loan comparison tool for you to use called FASTChoiceFASTChoice is designed to assist you in making the educational loan choice that is best for you and provides a side-by-side comparison of the lenders, loan terms, interest rates, repayment options, and the ability to apply online. FASTChoice is not a lender. Please keep in mind that you may select any lender of your choice, even if they do not appear on FASTChoice.
Southeastern Technical College selected these lenders to be on the FASTChoice Lender List for the following reasons:

    • Competitive borrower rates and terms
    • Loans are offered to community college students
    • Funds are sent electronically (EFT) when possible
    • Easy online application process
    • Longevity and stability in private loan lending

To learn more about Private Education Loans, visit FASTChoice.

Your lender will notify us of your credit approved application. After determining your actual eligibility, we will certify your loan. The process can take up to 5–6 weeks from the time you apply until receipt of funds.

If you choose a loan option that is not listed, please contact the lender directly to determine the application process.

Once the loan proceeds are received by STC they will be disbursed to your STC student account and your outstanding charges, if any, will automatically be deducted before the balance is sent out. Any remaining credit balances will be issued by check.  No loan funds will be disbursed before the start of classes and refunds will be sent out according to the refund schedule issued by the Business Office each term.

 

Hours of Operation
Monday-Thursday
8:00 a.m.-5:30 p.m.
Friday: Closed
Hours vary during holidays and breaks


 

Vidalia Campus
3001 E. First Street
Vidalia, GA 30474
(912) 538-3100
Fax: (912) 538-3156

Rebecca H. Ethredge
Director of Financial Aid
(912) 538-3107

Melanie Walker
Veteran’s Officer
(912) 538-3127

Jeannie Morris
Financial Aid Specialist
(912) 538-3226

Swainsboro Campus
346 Kite Road
Swainsboro, GA 30401
(478) 289-2200
Fax: (478) 289-2263

Rosemerry Wilson
Financial Aid Technician
(478) 289-2268