Eligibility for the Student Access Loan

State Loans with Cancellation and Forgiveness Options

Eligibility for the Student Access Loan

In order to receive the SAL, students must:

  • Be considered a Georgia resident and United States citizen or eligible non-citizen.
  • Complete a valid Free Application for Federal Student Aid (FAFSA) in order to apply for this program.
  • Maintain Satisfactory Academic Progress (SAP) in accordance with the SAP policy at their college or university.
  • Must be enrolled in an eligible Georgia postsecondary institution.
  • Previous SAL borrowers must be current on their monthly KIT payments.
  • Meet all eligibility requirements.

Students Attending USG or Private Postsecondary Institution in Georgia

  • Applicants must have first applied for and exhausted all other student financial aid options including federal and state student loans, scholarship, and grant programs and Veterans Educational Benefits.
  • Interest rate structure for loans received on or after July 1, 2014:
    • Fixed rate of 1 percent while in school and out of school as long as the loan remains in good standing.
    • A monthly Keep In Touch (KIT) Payment of $10 is required approximately 60 days after the first disbursement is received. The monthly KIT Payment is required while in school and while in grace period.
  • Repayment is a maximum of fifteen (15) years with a minimum payment of $50 for loans received on or after July 1, 2015.
  • The minimum annual loan amount is $500.
  • The maximum term loan amount is $4,000.
  • The maximum loan limit is $8,000 per year and up to a maximum of $36,000 over a college lifetime.
  • The annual amount that an Applicant may be awarded under the SAL program is the cost of attendance less the student's expected family contribution and less the expected financial aid in accordance with the program regulations.
  • Origination Fee - A non-refundable fee of 5 percent of the loan amount, but not more than $50, is deducted from the first disbursement of the loan.
  • The program is also designed to provide service cancellation opportunities to USG or private postsecondary institutions students who work in public service sectors in Georgia.

Students Attending TCSG Postsecondary Institution

  • Applicants must have first applied for and exhausted other student financial aid options including federal, state and private scholarship and grant programs and Veterans Education Benefits.
  • Interest rate structure for loans received on or after July 1, 2014:
    • Fixed rate of 1 percent while in school and out of school as long as the loan remains in good standing.
  • A monthly Keep In Touch (KIT) Payment of $10 is required approximately 60 days after the first disbursement is received. 
  • The monthly KIT Payment is required while in school and while in grace period.
  • Repayment is a maximum of fifteen (15) years with a minimum payment of $50 for loans received on or after July 1, 2015.
  • The minimum loan amount is $300.
  • The maximum term loan amount is $1,500.
  • The maximum loan limit is $3,000 per year and up to a maximum of $12,000 over a college lifetime.
  • Origination Fee - A non-refundable fee of 5 percent of the loan amount, but not more than $50, is deducted from the first disbursement of the loan.
  • The program is also designed to provide a loan discharge option to those TCSG students who graduate with a minimum 3.5 cumulative Grade Point Average in the program of study for which the loan was received.