Before getting any student loan, it is important to understand that loans require repayment. Once loan repayment begins, non-fulfillment of the loan requirements could result in default. For more information on loan defult, please visit the Federal Student Aid site.
The best policy for loans is to borrow only what you need to achieve your academic goals. The Federal Loan Simulator can help you estimate monthly student loan payments and choose a loan repayment option that best meets your needs and goals.
Parent PLUS Direct Loans are unsubsidized loans for the parents of dependent students to help pay for education expenses up to the cost of attendance minus all other financial aid assistance. Financial need is not an eligibility requirement. However, the borrower must not have an adverse credit history. The lender is the U.S. Department of Education rather than a bank or other financial institution.
Graduate PLUS Direct Loans are unsubsidized loans for the graduate/professional student to help pay for education expenses up to the cost of attendance minus all other financial aid assistance. Financial need is not an eligibility requirement. However, the borrower must not have an adverse credit history. The lender is the U.S. Department of Education rather than a bank or other financial institution.
The Student Access Loan Program from the Georgia Student Finance Authority is designed to be funding of last resort for college students who have a gap in their college financing. Students must have applied for other student financial aid including federal and state student loans, parent PLUS loans, scholarships and grants.
Private Loans are often used to supplement federal student loans, when federal loans are not sufficient to cover the full cost of education. Private Loans are generally more expensive when entering repayment. Before pursuing a private loan, please check with your Financial Aid Counselor to determine if you have exhausted all other Financial Aid funding options. Be aware that private loan proceeds along with your total financial resources cannot exceed your cost of attendance, as determined by UNG. Requesting a private loan and choosing a lender is completely determined by the student. The UNG Financial Aid Office will not assist with the choice of a lender.
Applications for institutional loans, such as the Brown Loan, are made and approved by the Office of Financial Aid. For more information on the availability and disbursement of these loans call 706-864-1412.
Billing and repayment of institutional loans begin six months after a student leaves school. Payment for Brown or Garrett Loans may be made by check, money order or cash at the Business Office or mailed to:
University of North Georgia
82 College Circle
Dahlonega, Georgia 30597
Attn: Student Loan Accounts
Billing and repayment of the Perkins loans begin nine months after a student leaves school and is processed through Campus Partners, a leading provider of education loan servicing. Visit Campus Partners to learn more about them or call toll-free at 1-800-607-4492.