Private Loans

Financing the cost of higher education requires careful planning. Private loans are credit-based loans to help students “bridge the gap” between the financial aid they have been awarded and any additional amounts that may be needed to pay for educational expenses, such as outstanding tuition, fees, and books.

Applicants must have a current FAFSA with an existing unmet need after the Expected Family Contribution and Expected Financial Aid is removed from the college's Cost of Attendance. Expected Financial Aid includes Pell, HOPE, direct loans, scholarships, etc. Please use the WGTC Net Price Calculator to help estimate your cost of attendance and expected aid. We strongly encourage you to research loan terms and conditions of several lenders, only borrow what you need for the school year, and ensure you understand all documents you are asked to sign. Eligibility for private student loans often depends on your credit score. It may be necessary to apply with a cosigner.


Students must attend an eligible school and be enrolled in an eligible program. International students are eligible with a credit-worthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.

The student must be accepted into the college, have completed the Free Application for Federal Student Aid (FAFSA), and have been approved by the private lender. The student must complete and submit to the Financial Aid Office a signed Student Loan Information and Acknowledgement Sheet after receiving approval notification from the lender to have the loan certified.

Students may choose from the below preferred lenders or select the private education loan provider of their choice. There is no penalty for choosing a lender that is not included in the list as a preferred lender. After the loan is approved, the lender will contact WGTC to request certification. In accordance with the Truth in Lending Act, a student borrowing private education loan funds must receive three required disclosure statements from the lender. Before the loan can be disbursed, the borrower must complete a U.S. Department of Education Private Education Loan Applicant Self-Certification form and return it to the lender.

Sallie Mae - Smart Option Student Loan
  • Competitive interest rates—2.25% APR to 9.37% APR
  • No origination fees and no prepayment penalty
  • Pay now or later—defer your payments until after graduation or choose an in-school repayment option that fits your needs
  • Get a 2% Smart Reward® in your Upromise® account when you make scheduled monthly payments on time while in school (Not available with the Deferred Repayment Option)
  • Earn a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit
  • Borrow up to 100% of your school certified education costs (minimum $1,000)
  • Applying with a credit-worthy cosigner may help you qualify and/or receive a lower interest rate
  • You can apply for a cosigner release after you graduate and make 12 consecutive on-time principal and interest payments

Wiregrass Georgia Technical College college ID: 005256-00

The Student Access Loan (SAL) Program

The SAL Program is administered by the Georgia Student Finance Authority (GSFA) and may be funded by state general funds, proceeds from the Georgia Lottery for Education and public and/or private donations. The program provides low interest loans to eligible students who have unmet financial need. The Student Access Loan Program is authorized in Georgia law at §O.C.G.A. 20-3-395. The selection criterion is based on a random process by GSFA and notification of the selected recipients is sent electronically to the college.

  • 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% while in school and out of school as long as the loan remains in good standing.
    • A monthly Keep In Touch (KIT) Payment of $10.00 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 $50.00 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% of the loan amount, but not more than $50.00, is deducted from the first disbursement of the loan.
  • The program is also designed to provide loan discharge to those TCSG students who graduate with a minimum 3.5 cumulative Grade Point Average in program of study for which the loan was received.

Student Eligibility

In order to receive the Student Access Loan, 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.
  • Meet all eligibility requirements.

Important Things to Know

  • The first selection of applications will be Current HOPE and Zell Miller Scholarship recipients in a random selection based on funds available. Any following selections of applications will be a random selection of the remaining applications based on funds available.
  • Selection does not guarantee approval and applicants may or may not be selected each application year.
  • SAL is an annual process which includes application, selection, certification, approval, and disbursement.
  • Applications are only collected in pre-designated application cycle periods. See the application link below for dates and information.
  • If you apply for this loan, you understand that this is a private education loan that must be repaid and cannot be combined or consolidated with federal loans.
  • Borrow smart! When applying for a loan, request only the amount of funds needed for your educational costs and that you can repay.
  • Your eligible postsecondary institution may decline the loan or certify for a reduced amount based on financial aid status.
  • Loan disbursements are sent directly to the student's chosen eligible postsecondary institution and are not transferable.


Valdosta Campus
4089 Val Tech Road
Valdosta, GA  31602
Phone (229) 333-2107 or 2109
Fax (229) 333-2153

Ben Hill-Irwin Campus
667 Perry House Road
Fitzgerald, GA  31750
Phone (229) 468-2024 or 2046
Fax (229) 468-2110

Coffee County Campus
706 West Baker Highway
Douglas, GA  31533
Phone (229) 468-2087 or 2208
Fax (912) 389-4308

Cook County Workforce Development Center
1676 North Elm Street
Sparks, GA  31647
Phone (229) 549-7368
Fax (229) 549-6286

Hours of Operation:
7:30 a.m.-5:30 p.m.
Friday: 7:30 a.m.–3 p.m.
Hours vary during holidays and breaks