The Student Access Loan Program

The new Student Access Loan (SAL) Program  is now available. The Georgia Student Finance Authority (GSFA) is now accepting applications.  Information about the program follows:

Loan Program Information

  • The SAL loan program is designed to be funding of last resort for college students who have a gap in their college financing.
  • The interest rate on the loan is 1% and the repayment term is ten years after graduation.
  • Students may borrow up to $10,000 per year up to a maximum of $40,000 over their college lifetime. (See frequently asked questions).
  • Each loan includes an origination fee of 5% of the loan amount not to exceed a total of $50 dollars per loan. The fee is deducted equally from each disbursement.
  • Loan funds may be used towards any part of the student’s cost of attendance.
  • Interest payments are required while the student is enrolled.

Student Eligibility

  • Students must graduate from an eligible high school with a cumulative Grade Point Average (GPA) of at least 2.5 in core subjects.
  • Students must be Georgia Residents and United States Citizens or Eligible Non-Citizens.
  • Students must be making Satisfactory Academic Progress (SAP) in accordance with the SAP policy at your college or university. Failure to maintain SAP may result in your ineligibility for this loan.
  • To be eligible for a SAL Program loan, students must have applied for other student financial aid including federal and state student loans, scholarships and grants.
  • Students will be randomly selected from the pool of all applicants.
  • Student must be attending an eligible college or university IN GEORGIA. Click on the below link to see the list of eligible colleges and universities and find out if your college or university is approved for participation in the SAL Program. If your school is not presently on the list of eligible postsecondary institutions they need to contact GSFA and request participation in the program.

Important Things to Know

  • You must have completed a FAFSA in order to apply for this loan.
  • Be sure to supply your email address as that is how we are going to communicate with you.
  • If you apply for this loan, you are requesting an education loan that must be repaid.
  • GSFA will stop accepting applications on July 15th, 2011.
  • Borrow smart! If you apply, request only the amount of funds you need to borrow.
  • Disbursements are sent directly to the school.
  • An institution may refuse to certify the loan or may reduce the amount borrowed on a case-by-case basis.

If you have exhausted all other funding options to meet your cost of attendance, you may be eligible for this low cost loan program. Please click on the links below for more information or if you are ready to apply, please click Apply Now.

Frequently Asked

Student Access Loan
Program Initial Disclosure

How does the application
process work?

View the Program

Ask us a question

SAL Program Flyer

Eligible colleges and universities