Private Education Loans

You are encouraged to apply for all federal and state grant and scholarship aid by filing the Free Application for Federal Student Aid (FAFSA) form before considering loan options.

Savannah Technical College no longer participates in the Federal Direct Stafford Student Loan program. As an alternative, a few lenders offering private education loan assistance for short-term and two-year programs of study.

It is important to note that Private Education Loans should be used as a last resort to pay for education expenses. These loans are different from Federal Direct Stafford Loans in that they are not guaranteed by the federal government, require a credit check, and often require a co-signer. Interest rates, terms, and conditions can be significantly different depending on your credit rating and the lender you select. Consider your options carefully before you apply for a loan.

The following alphabetical list of private loan products is provided for you to explore because they offer a variety of loan options with competitive interest rates. You, however, are free to borrow from any lender you choose, even if they are not listed here. Savannah Technical College does not endorse or support any specific lender or student loan program/product and does not have a preferred lender agreement with any of the lenders provided below.

Georgia Student Access Loan – Apply Now! Student Access Loan-Technical is first-come, first-serve.

Sallie Mae Smart Loan 

Wells Fargo Student Loan for Career and Community Colleges – Click to view the Application and Solicitation Disclosures for Wells Fargo private students loans.


One step in applying for a Private Education Loan is to complete the Private Education Loan Applicant Self Certification form. This form highlights your rights and responsibilities as a borrower, the cost of attendance and estimated financial aid for the college you are attending.

You will apply for the private loan directly with the lender. Once approved, the lender will notify Savannah Tech and we will determine the amount you are eligible to borrow. The amount you may borrow is based on a number of factors, including cost of attendance, other sources of financial aid you are receiving, and if you are enrolled full-time or part-time. After determining the amount you are eligible to borrow, we will certify your loan with the lender. The process can take up to 5 – 6 weeks from the time you apply until funds are received by the school from the lender.

If you select a loan option from a lender that is not listed above, please contact the lender directly to determine the application process and notify the financial aid office of your selection.

Once the loan proceeds are received by STC they will be disbursed to your STC student account and your outstanding charges, if any, will automatically be deducted from the loan funds. Any excess loan funds (credit balance) remaining after all charges are deducted will be issued as a financial aid refund through the SunTrust Debit Card or paper check (if requested).

Private Education Loan funds will be disbursed according to the regular disbursement schedule each semester. Private Loan funds are disbursed or paid to the college two (2) weeks after the start of the semester (or minisemester). Financial aid and Private Education Loan refunds are made available to students approximately four (4) weeks after the start of the semester.

Private Education Loans cannot be used for advance purchases in the bookstore.