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Agricultural Education

The Agricultural Education service cancelable loan provides loans to students pursuing an educational degree in this field. This service cancelable loan provides assistance toward the student's cost of education. In return for this loan assistance, the loan may be cancelled through service to Georgia on the basis of one calendar year (12 months) full-time employment at least 36 hours a week for each academic year of assistance received. Recipients must be awarded a professional Georgia teaching certificate before service cancellation is approved to begin. Recipients must teach in the Agricultural Education field.

Value

The maximum program amount a student can receive an academic year is $2,000.

To view the current Stafford Loan interest rates, please click here.

Origination and federal default fees are set by federal statute and are deducted from loan proceeds. The origination fee is currently 1.5% and the federal default fee is 1%.

GSFC pays the origination fee on the borrower's behalf.
GSFC pays the federal default fee on the borrower's behalf.

The maximum amount a student may borrower from this program an academic year is $2,000.

Eligibility Requirements

You must first complete the Free Application for Federal Student Aid (FAFSA) and have the results sent to the financial aid offices of the schools to which you are applying for admission and financial assistance. Each financial aid office will then determine if you are eligible for Stafford Loan with the Service Option in the field of Agricultural Education. If you are, the recommendation and loan amount are included in your financial aid award package. Other eligibility criteria are as follows:

Be a United States citizen, United States national, or eligible non-citizen;
Be a legal resident of Georgia as defined by GSFA;
Be accepted for admission or enrolled as at least a half-time student in a GSFA-approved postsecondary educational institution;
Be accepted for admission or enrolled in good academic standing as determined by the school and maintain at least a C average, except where otherwise specified;
Not owe a refund on any Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), or Student Incentive Grant (SIG);
Not be in default on any federal education loan; and
Have completed core curriculum and be accepted for admission in an approved critical field of study.

Service Commitment

After graduation, you may repay your loan by working in your field of study. For each calendar year of full-time qualifying service, you may cancel one academic year of assistance. One-half credit will be given for half-time employment. No credit will be given for less than half-time employment or for service while you are enrolled in school and are receiving a service cancelable loan. If you are unable to repay your loan through service, the loan must be repaid in cash with a minimum monthly payment of $50.00 after your grace period has expired.

Application Procedure

Once you decide which school you wish to attend and accept its offer of financial assistance, the school can certify you as eligible for a Stafford Loan with the service option based on the amount they are allocated June 1 of each year. The allocation funding is to be used by the school until October 1, and then the funds that are not used will be used for students on a first come, first completed basis until depleted. The only lender that participated in the Federal Stafford Loan with the Service Option is the Georgia Student Finance Authority, 833624. To complete the loan process, follow the directions from your school.

Loan Disbursement

Once the loan is guaranteed, the proceeds from your Federal Stafford Loan with the Service Option will be sent to your school. You must contact the Financial Aid Office to make arrangements to receive your loan proceeds. You will receive a Loan Guarantee and Disclosure Statement outlining the anticipated disbursement schedule, as determined by your school, for each loan guaranteed. You will also receive a Service Loan Contract, which details the service loan information and repayment information.

Eligible Colleges and Universities

To research what colleges and universities offer this program of study, please see our GA Colleges section.

For further details you can see the pdf Federal Stafford Loan with Service Cancelable Option Regulations.

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Create an Account Log On My 411 Paying for College Repayment Guide Scholarships & Grants Savings Programs Tax Savings Loan Programs Stafford Loans GRADPLUS Loans Parent Loans for Undergraduate Students (PLUS) Federal Consolidation Loans Federal Perkins Loan Service Cancelable Loans Careers in Teaching PROMISE Teacher Scholarship Loan Agricultural Education Destination Teacher HOPE Teacher Scholarship Loan Careers in Health Care Careers in Military Service Careers in Engineering Careers in Social Work Tools & Calculators Publications & Forms Ask an Expert	Agricultural Education The Agricultural Education service cancelable loan provides loans to students pursuing an educational degree in this field. This service cancelable loan provides assistance toward the student's cost of education. In return for this loan assistance, the loan may be cancelled through service to Georgia on the basis of one calendar year (12 months) full-time employment at least 36 hours a week for each academic year of assistance received. Recipients must be awarded a professional Georgia teaching certificate before service cancellation is approved to begin. Recipients must teach in the Agricultural Education field. Value The maximum program amount a student can receive an academic year is $2,000. To view the current Stafford Loan interest rates, please click here. Origination and federal default fees are set by federal statute and are deducted from loan proceeds. The origination fee is currently 1.5% and the federal default fee is 1%. GSFC pays the origination fee on the borrower's behalf. GSFC pays the federal default fee on the borrower's behalf. The maximum amount a student may borrower from this program an academic year is $2,000. Eligibility Requirements You must first complete the Free Application for Federal Student Aid (FAFSA) and have the results sent to the financial aid offices of the schools to which you are applying for admission and financial assistance. Each financial aid office will then determine if you are eligible for Stafford Loan with the Service Option in the field of Agricultural Education. If you are, the recommendation and loan amount are included in your financial aid award package. Other eligibility criteria are as follows: Be a United States citizen, United States national, or eligible non-citizen; Be a legal resident of Georgia as defined by GSFA; Be accepted for admission or enrolled as at least a half-time student in a GSFA-approved postsecondary educational institution; Be accepted for admission or enrolled in good academic standing as determined by the school and maintain at least a C average, except where otherwise specified; Not owe a refund on any Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), or Student Incentive Grant (SIG); Not be in default on any federal education loan; and Have completed core curriculum and be accepted for admission in an approved critical field of study. Service Commitment After graduation, you may repay your loan by working in your field of study. For each calendar year of full-time qualifying service, you may cancel one academic year of assistance. One-half credit will be given for half-time employment. No credit will be given for less than half-time employment or for service while you are enrolled in school and are receiving a service cancelable loan. If you are unable to repay your loan through service, the loan must be repaid in cash with a minimum monthly payment of $50.00 after your grace period has expired. Application Procedure Once you decide which school you wish to attend and accept its offer of financial assistance, the school can certify you as eligible for a Stafford Loan with the service option based on the amount they are allocated June 1 of each year. The allocation funding is to be used by the school until October 1, and then the funds that are not used will be used for students on a first come, first completed basis until depleted. The only lender that participated in the Federal Stafford Loan with the Service Option is the Georgia Student Finance Authority, 833624. To complete the loan process, follow the directions from your school. Loan Disbursement Once the loan is guaranteed, the proceeds from your Federal Stafford Loan with the Service Option will be sent to your school. You must contact the Financial Aid Office to make arrangements to receive your loan proceeds. You will receive a Loan Guarantee and Disclosure Statement outlining the anticipated disbursement schedule, as determined by your school, for each loan guaranteed. You will also receive a Service Loan Contract, which details the service loan information and repayment information. Eligible Colleges and Universities To research what colleges and universities offer this program of study, please see our GA Colleges section. For further details you can see the Federal Stafford Loan with Service Cancelable Option Regulations.
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