There are three options for repayment of the SAL:
Cash repayment plus interest or,
Student borrowers should set up secure auto debit (ACH) payments with GSFA for their Student Access Loan payments to ensure secure on time payments.
- Service cancellation for USG or private postsecondary institution students who work in select public service sectors or,
- Loan discharge for TCSG students who graduate with a minimum 3.5 cumulative postsecondary grade point average.
Borrowers’ delinquent on loan payments will be referred to a collection agency. Negative credit reporting may make it more difficult to obtain future credit.