South Carolina Student Loan

Parents

Sign a Promissory Note

A promissory note is the legal, binding document that must be signed by the borrower prior to loan funds being disbursed to your school.  The promissory note states the terms and conditions of the loan, including repayment schedule, interest rate, and cancellation provisions. You should keep this document until the loan has been repaid in full.

Important Note:  Please be aware that you may not sign a promissory note without first initiating an application with our office. If you have not already started the application process with SC Student Loan, please apply for a Palmetto Assistance Loan (PAL).  You will be given the opportunity to complete your promissory note during the loan application process.
If you have a current loan application on file with us and have been notified by your financial aid office or SC Student Loan that you need to complete a promissory note, you can sign your PAL promissory note/cosigner addendum electronically now OR you can print, sign, and mail a PAL promissory note/cosigner addendum

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