Furman University's preferred lender is the S.C. Student Loan Corporation.

Advantages of borrowing through the South Carolina Student Loan Corporation (SCSLC):

• No fees on any loan programs offered.
• PLUS loans allow the borrower to earn a 5% rebate within 5 years for 12 on-time payments per year.  They will also rebate 3% of the amount of the loan after the final disbursement in the spring of each academic year directly to your account with SCSLC.
• An automatic bank draft is offered for monthly payments, eliminating the need to write a check each month.
• By signing up for bank draft, you automatically qualify for ¼% decrease in interest as long as your payments are drafted.
• You can also save up to 2% on your interest rate during repayment.  To qualify, you must make 48 on-time monthly payments.  After the 48^th payment, your interest rate will be reduced by 2% on Federal Stafford loans and 1% each year on Federal PLUS loans.  Federal Consolidation Loans are eligible for a 1% interest rate reduction.
• The Graduation Incentive cancels the final portion up to $750 of a borrower's loan if he/she graduates from college, makes timely payments and received a Federal Stafford Loan from SCSLC on or after May 1, 2000.
  
  www.scstudentloan.org