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FREQUENTLY ASKED QUESTIONS FOR FINANCIAL AID
Other Sources of Assistance
- Are there other sources of aid, beyond the federal or state aid programs,
that I could investigate?
Yes, some of them are:
- How can I locate information regarding educational scholarships offered
by private sources?
There are a number of free search engines on the Internet that will provide you
with information about private educational scholarships, some of which are:
In addition to these online resources, you may want to contact your local
library, local businesses and civic organizations, your employer and/or your
parents' employers. Any of these sources may be able to provide additional
scholarship information to you.
- Are there additional loan programs, beyond the federal student loan
programs, that I can apply for?
Yes. Private loan programs, also referred to as "alternative" loans, can help
fill the gap between traditional federal student loans and the rising cost of
higher education. These loans may provide students with funds to meet
educational costs when other sources of aid have been depleted or are otherwise
unavailable. As with the federal student loan programs, these private loans must
be repaid, so students are encouraged to be conservative when applying for
private loans. Borrow only what you need!
The following is a list of SGC's Preferred Lenders in the Federal Family
Education Loan (FFEL) program who also offer private educational loans:
In addition to these lenders, there are many more who offer private educational
loans. As you investigate private or alternative loans, make sure you
familiarize yourself with the terms of the loan, specifically the interest rate,
when your repayment period will begin, how long you will have to repay the loan,
and any deferment options that are available.
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