Student Loans for University of South Carolina Students
About University of South Carolina
The University of Carolina’s (or USC’s) flagship campus at Columbia is one of the nation’s leading public universities as well as one of the nation’s oldest universities. Founded in 1801, USC is anything but in the past with leading undergraduate and graduate International Business degree programs (US News and World Report ranked them #1 and #2 nationally, respectively), in addition to having a strong alternative energy research focus. In 2009, the federal government awarded USC nearly $13m after the University was selected as one of 31 Energy Frontier Research Centers by the Department of Energy.
The overwhelming majority of USC undergrads receive financial aid through the University of South Carolina Financial Aid program, and if you fall or may fall into that bucket, this message is for you: be careful about your personal spending at school! Nothing is worse than overrunning a budget when you’re already short on cash. Imagine this: you wind up spending too much money on beer/clothes/pizza/whatever in a semester, and you have to take out another student loan to pay for your expenses. How terrible would that be? Pretty terrible, and this happens (seriously!) to students who do a terrible job budgeting.
We’re not banning personal spending – by all means, you should totally go out to Beezers and the Village Idiot every now and then, and we’d be disappointed if you didn’t go to every Gamecocks football game. Just be smart about how and where you spend your money.
Applying for Financial Aid
This is shockingly easy: the University of South Carolina Financial Aid office only asks for one form from students, that being the FAFSA (Free Application for Federal Student Aid). Fill it out (which requires having immediate access to lots of old financial information, bank statements, tax records, and the like), send it in, and you’ll receive a University of South Carolina Financial Aid package with the next tuition bill that comes your way. Easy as that.
University of South Carolina Financial Aid Packages
Like at any college or university, the University of South Carolina Financial Aid office distributes financial aid packages that include some or all of the following: student loans, work-study programs, and either university or federally-funded ‘free money’ aid awards (scholarships and grants). For lots of USC students, the aid that comes in their school package is plenty, and many accept the federal student loans offered them. For a smaller chunk of students who fall into an awkward income bracket, the financial aid award isn’t quite enough to bridge the financial gap between what they’re able to pay and what the total cost of attending USC is.
If you’re one of these students, then check out our private student loan comparison tool to find the right final source of college funding for you. Private student loans, when borrowed responsibly, afford many students, at USC and otherwise, with much-needed, often last-minute funding for college, at interest rates that are sometimes lower than federal loans. Check out the tool, and apply for a loan today.
South Carolina residents can choose from a number of scholarship awards available through the USC financial aid office. Some of the available scholarships include the Carolina Scholar Award, Lieber Scholarship, Valedictorian Scholars Award, Deans Leadership Award, University Scholars Award, Thornwell Scholars Award, Alumni Scholars Award, and the Trustee’s Endowment Scholarship Award. Applicants for these scholarships must be South Carolina residents. For information on application procedure and the amount awarded, visit the USC financial aid website.
Can you outline the federal work study program available through the South Carolina Financial aid office?
The federal work study program that is offered by the South Carolina financial aid office allows students to work on campus for a certain number of hours per week to cover some of their college expenses. Students can access the federal work study (FWS) award by filing the FAFSA and demonstrating some amount of financial need. Students are responsible for finding employment, and can find jobs through their individual college or university. An updated list of employment opportunities is available on the University of South Carolina financial aid website.
Can you tell me about satisfactory academic performance for getting USC Columbia financial aid?
The University of South Carolina, located in Columbia, requires its students to maintain satisfactory academic progress in order to receive aid. For students making satisfactory academic progress, they need to: complete all the requirements of a degree within the specified amount of time, earn 67% of all hours, and maintain a grade point average of 2.0.
Do I have to fill out a FAFSA application to apply for financial aid at USC?
To apply for financial aid at USC, you will have to fill out a FAFSA application, as this application is mandatory for everyone interested in applying for aid. The federal government will use your data to find out much aid you are eligible for, and this application is available online at fafsa.ed.gov.
Pay for University of South Carolina -Columbia*
|Total Avg. Cost||$21,490|
|Room & Board||Not Avail.|
|Financial Aid Information|
|Students Receiving Fin Aid||91%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$9,331|
|%Receiving Other Loans||6%|
Get into University of South Carolina -Columbia
Contact University of South Carolina -Columbia
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics