The South College Loan Program is awarded as part of the student's financial aid package when other funds are insufficient to cover tuition, fees, and textbooks. Eligibility for this program is determined by the Financial Aid Office during the initial application process or subsequent award periods. Eligibility for all federal student aid must have been exhausted in the term for which the South College Loan is disbursed prior to this loan being applied to a student's account. South College Loans are limited to 50 percent of the amount of tuition in each term used, with the only exceptions based on extreme need, not exceeding 3 terms of enrollment, and must be approved by the Executive Vice President of Student Experience. South College Loans have an in-school monthly payment of $50, which begins 30 days after the first disbursement of the loan. The loan goes into full repayment 30 days after the student is no longer actively enrolled. The college reserves the right to discontinue this program at any time. Students may contact Financial Aid for more information and inquiries about the application.