New Loan for College Students

ATLANTA (WAOK) – Starting Monday, Georgia students can apply for a low interest loan designed to serve as a “gap-stop” for those who need extra help affording college.

 But, the program is no money tree. Less than 6,000 students in need will be chosen at random to get part of a 20 million dollar pie.

 Tim Connell, president of the Georgia Student Finance Commission, said the maximum award given to a student will be $10,000. The average award is estimated to be $3,500, which would allow roughly 5,700 students to receive the loan.

Students must have applied for other aid including federal and state loans, scholarships and grants in order to be eligible.

Last February, lawmakers set aside money in lottery revenue to launch the Student Access Loan Program as part of the HOPE scholarship overhaul.

 

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Comments

One Comment

  1. Sarah says:

    Good luck…I would advise all to start college at the community college level, get your Associate Degree, them move on to a four year college program…In most cases you will leave school practically debt free and not have to take these loans…The only time I might be tempted to go into a program with massive loans, was if I was persuing a medical degree, since you will be able to pay off that loan based on your potential earning possibility…

  2. Kim Bailey says:

    More Knee grows leeching the system?

    1. Phoenix says:

      Obviously you’re not logical enough to realize that MORE KRACKERs have been manipulating this system (and every other system in this country) since it’s design!!

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