Types of Financial Aid
SC Teacher Loan
SC Teacher Loan applications for 2013-2014 are now available online at the SC Student Loan Corporation. Paper applications are available in the Winthrop University Office of Financial Aid.
State funding is limited and subject to change, so apply early.
THE APPLICATION PRIORITY DEADLINE IS 4/30/13.
NOTE: Completed applications must be received in the Office of Financial Aid in time to be mailed to the South Carolina Student Loan Corporation by the deadline.
The South Carolina Teachers Loan Program was established by the State of South Carolina to encourage talented and qualified students to enter the teaching profession. The loan is cancelled by teaching in South Carolina public schools in an area of critical need. Freshmen and sophomores may borrow up to $2500/year; juniors and seniors may borrow up to $5000/year.
In order to qualify for this loan, a student must be a US Citizen and a South Carolina resident. Freshmen must also rank in the top 40% of their high school graduating class and have SAT or ACT scores equal to or greater than the SC average for the year of graduation. Continuing students must have a cumulative GPA of 2.75 or better and must have taken and received a satisfactory score on Praxis I.
For each of these loan programs, students may have their loan canceled at a rate of 20% per year of teaching in critical subject areas or critical geographical locations in South Carolina specified by the SC Student Loan Corporation. Students who teach in both a critical subject area and a critical geographical area may have their loan canceled at a rate of 33 1/3% per year.
Note: The teachers programs require recipients to teach in return for the assistance they received. If you decide not to teach, you will be responsible for repaying the entire amount of the loan plus interest, or any amounts not already cancelled.
Please contact SC Student Loan Corporation for more information.