Information To Our Students And Parents About Loans 
The national press has written recently about alleged abuses within the student loan industry and relationships between lenders and college financial aid offices. Some reported practices raise doubts about the integrity of all college financial aid offices and lenders.
The Office of Financial Aid at Wofford College does not participate in or condone any practice where favors are exchanged between lenders and employees of any college or university. The well being of our student and parent borrowers is our primary concern. The student loan process is complex and we provide a list of lenders we know meet our high standards and are committed to offering competitive terms and good customer service.
While we know lenders on our list meet our standards, we have always allowed students and parents to use the lender of their choice. If you have any questions about our loan process, you may contact Ladda Xayavongsa.
LOAN OPTIONS
Student Loans
The Office of Financial Aid at Wofford College will transmit a loan certification to one of the following lenders if a Federal Stafford Loan is listed on your award letter and you have not notified us that you wish to decline the offer of a student loan. Instructions on declining any offer of aid are included on your financial aid award letter. If you have borrowed before, your loan will be processed through the lender you have used in the past. If you prefer to use a lender not on our list, please contact Ladda Xayavongsa with the name of your preferred lender.
Upon receipt of your loan certification, the lender will contact you (the student) with information about the loan, options for signing a promissory note (either a paper note or signing online using your federal PIN). Once the promissory note is completed, you will need to complete Entrance Loan Counseling. Instructions will be available with the lender information and reminders and instructions will be sent to you by email from the Office of Financial Aid at Wofford. Your loan will be credited to your student account in the Wofford Business Office.
Parent Loans (Federal Parent Loan for Undergraduate Students or PLUS)
The Office of Financial aid at Wofford College asks parents to apply online each year for pre-certification if parents wish to use the PLUS to pay educational expenses. Within seconds of completing the pre-certification, the parent will be notified online if approved. The financial aid office will receive an email from the lender with the results of your pre-certification. Your PLUS will be processed through the lender from which you applied for pre-certification. If you have borrowed before, you should submit your pre-certification through the lender you have used in the past. If you prefer to use a lender not on our list, please contact Ladda Xayavongsa with the name of your preferred lender.
Unless contacted by the parent, we will transmit a PLUS application to cover the cost of school less any awarded financial aid. Parents may also borrow additional funds to cover the cost of books and supplies upon request. Please submit such requests to Ladda Xayavongsa.