January 13, 2010
U.S. News & World Report Highlights Alternative Loans Offered By EFC Members
In an article on student loan aid trends for 2010, U.S. News & World Report highlights the low-cost alternative loans being offered by EFC members, specifically South Carolina Student Loan (SCSL).
Reporter Kim Clark writes, “In addition, it will most likely be easier than last year to get additional college loans from alternative lenders. Because the federal government caps the size of student loans at between $5,500 for some kinds of freshmen and $2,500 for adult upperclassmen, many students feel they need additional loans to pay for college. The Education Finance Council, which represents nonprofit lenders, many of which make alternative loans to students, says the credit markets have eased up a little, allowing some agencies to give attractive deals. South Carolina Student Loan, for example, is now offering students in its state loans to cover the full cost of college for a fixed rate of as little as 7.7 percent a year.”
The full article can be found here.
U.S. News & World Report Highlights Alternative Loans Offered By EFC Members
In an article on student loan aid trends for 2010, U.S. News & World Report highlights the low-cost alternative loans being offered by EFC members, specifically South Carolina Student Loan (SCSL).
Reporter Kim Clark writes, “In addition, it will most likely be easier than last year to get additional college loans from alternative lenders. Because the federal government caps the size of student loans at between $5,500 for some kinds of freshmen and $2,500 for adult upperclassmen, many students feel they need additional loans to pay for college. The Education Finance Council, which represents nonprofit lenders, many of which make alternative loans to students, says the credit markets have eased up a little, allowing some agencies to give attractive deals. South Carolina Student Loan, for example, is now offering students in its state loans to cover the full cost of college for a fixed rate of as little as 7.7 percent a year.”
The full article can be found here.
