Georgia college students have until Monday, October 31st, to apply for a low-interest student loan. The state extended the deadline for the student loan after giving out 20 million dollars which is half of the funds that are available.
The state legislature created the Student Access Loan Program in 2008. After the HOPE scholarship was eliminated the program was funded for the first time. Tracy Ireland with the Georgia Student Finance Commission says it’s a loan of last resort. Just 1,500 of more than 5,000 applicants received a loan during the first round of funding this summer.
This program is designed for students who have exhausted all of their available financial aid to them; student loans, scholarships, and grants both state and federal. Once the student has exhausted all other available financial resources then this loan can kick in to fill that remaining gap if it exists.
For more information please contact the Georgia Student Finance Commission at: http://firstname.lastname@example.org or call 770-724-9000 (Metro Atlanta) or 1-800-505-GSFC (toll-free).