Programs, Loans, Grants, and Scholarships
Federal Supplemental Educational Opportunity Grant (FSEOG)
South Carolina Need Based Grant
Stafford Loans/Subsidized and Unsubsidized
Federal Work Study (FWS) Program
Steps For Applying For And Receiving VA Benefits For Online Classes
Stafford Loans/Subsidized and Unsubsidized
Subsidized means the government pays the interest while you are in school, and you must have financial need to be eligible for the loan. Subsidized loan limits: 1st year $3,500 and 2nd year $4,500.
Unsubsidized means you pay all the interest, although you can have the payments deferred until after graduation. The interest is added to your loan balance. Dependent students are only eligible for this loan when a parent receives a Parent/PLUS denial. Unsubsidized loan limits: dependent students $2,000 and independent students $6,000. These loans have variable interest rates, capped at 8.25%.
The FAFSA must be completed in order to receive a federal loan. No credit checks are required for these loans, and interest rates are low. Applicant must be a U.S. citizen, not be in loan default, and does not owe a refund on educational grants.
New recipients are required to complete entrance counseling and a master promissory note prior to the certification and disbursement of any federal loan. Online counseling is available at http://www.studentloans.gov/. We must have confirmation that you have completed the loan entrance prior to certifying Stafford loans.
How to Apply for a Student Loan (pdf)
Income Based Repayment of Stafford Student Loans (pdf)
Stafford Loan Request (pdf)
Unsubsidized Stafford Loan Request (pdf)
Exit Counseling
All Graduating students who borrowed from the Federal Direct Loan Program, students who have dropped below half-time or cease attending, must complete an exit counseling session to learn about the rights and responsibilities of repaying the loan. Exit Counseling can be completed at www.studentloans.gov.
Borrower's Rights (pdf)
Private Loans are Available
Some students and parents are eligible for student loans offered by private entities. Central Carolina recommends students or parents consider private loans only as a last resort in paying for college expenses. Private loan terms and conditions are determined by the individual lender, are not part of federal title IV regulations, and may not be as favorable as those of the Federal Family Educational Loan (FFEL) program. All borrowers, in any loan program, should be fully aware of all terms and conditions of any loan before proceeding with application and borrowing.