Contact Info
Office of Financial Aid
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Post Office Box 8065 Statesboro, Georgia 30460-8065
When federal financial aid and scholarships are not enough to cover your educational expenses, private student loans may be an option. This page is designed to help you make informed borrowing decisions by comparing lenders, understanding your options, and accessing application resources.
Important Considerations Before Borrowing
Explore Federal Financial Aid First
Before applying for a private student loan, we strongly encourage you to explore all available federal financial aid options, including grants, scholarships, and federal student loans.
What to Know About Private Loans
Private student loans may:
- Require a credit check and, in many cases, a co-signer.
- Offer fixed or variable interest rates.
- Provide fewer repayment protections than federal student loans.
How to 精东
- Visit to review available lender options.
- Compare interest rates, repayment flexibility, and fees.
- Select a lender and complete the online application.
- Provide any required documentation, including school information.
- Complete the lender’s credit approval process, including a co-signer if needed.
- Once approved, Georgia Southern will certify your loan before funds are disbursed.
Loan Counseling Resources
Before committing to a private student loan, take time to understand how borrowing may affect your finances. These resources can help you evaluate your needs and prepare for repayment.
Budgeting Tools
Determine how much funding you need by reviewing your educational expenses, available aid, and personal budget.
Loan Repayment Calculators
Estimate your future monthly payments and understand how interest rates and repayment terms may affect your costs.
Financial Literacy Resources
Learn more about responsible borrowing, managing debt, and the long-term financial impact of student loans.
Changes That May Affect Your Private Loan
Important: Your Loan Amount May Change
Your private loan eligibility is based on your enrollment, financial aid, and Cost of Attendance at the time of certification. Changes to your enrollment could reduce the amount you’re eligible to borrow.
Planning to enroll less than full time? Contact the Office of Financial Aid before your next term to discuss how this may affect your loan.
Understanding Changes to Your Private Loan
Several factors can affect your private loan eligibility after certification. The information below explains how enrollment changes may impact your loan amount, what adjustments may be necessary, and when you should notify the Office of Financial Aid.
How Your Loan Is Certified
Your private loan certification is based on your enrollment, financial aid eligibility, and Cost of Attendance budget at the time your loan is certified.
Reducing Your Credit Hours
If you reduce your credit-hour enrollment after your loan is certified, your Cost of Attendance budget may decrease. This could also reduce the amount of private loan funding you’re eligible to receive.
Changes to Your Loan Eligibility
Changes to your enrollment or Cost of Attendance may affect your private loan eligibility. The Office of Financial Aid will review these changes and may need to adjust your previously certified loan amount.
Planning for Future Terms
If you requested a loan for the full academic year but expect to enroll less than full time in a future term, notify the Office of Financial Aid. Your loan eligibility may need to be adjusted before that term begins.
Please review your financial aid information in WINGS and contact our office with any questions about your private loan certification or if you anticipate changes to your enrollment.
Frequently Asked Questions (FAQ)
Have questions about choosing a lender, co-signers, or repayment? Explore the frequently asked questions below to learn more about private student loans.
Compare interest rates, repayment options, fees, and borrower benefits.
Most students do, especially if they have limited credit history.
This depends on the lender鈥攕ome require payments while in school, others allow deferment.
Yes, you may choose any eligible lender.
Disclaimer
This list is provided for informational purposes only and does not constitute an endorsement of any lender. Borrowers are encouraged to research and select the lender that best meets their individual needs.
Contact Us
If you have questions about private loans or need help comparing options, please contact the Financial Aid Office.