Service Cancelable Loan? - GAfutures.org€¦ · Service cancellation is effective once GSFA...

2
Service Cancelable Loan? Earn the service cancellaon available to you and don’t let your loan convert to cash payments. To meet your service obligaon and receive credit towards your loan, here is what you need to do: Complete a Verificaon of Status (VOS) Form You must provide the Georgia Student Finance Authority (GSFA) with a VOS at the me of graduaon (or if you leave school) and each year of service to ensure compliance with the service cancellaon requirement. You can access and print the VOS at pathways2gsfa.org. The form should be mailed or scanned/emailed to GSFA. Service cancellaon is effecve once GSFA receives and approves all necessary documentaon. Cash Repayment with Interest If you do not meet your service obligaon as stated in your promissory note, the service loan cancellaon opon automacally converts to cash repayments. You must make monthly payments on the outstanding principal, plus interest, to GSFA. Refer to your promissory note for terms of repayment. Review Your Promissory Note For the details of your service cancelable loan’s requirements (i.e., years/types of service, terms of repayment), refer to your promissory note. Know the Rules of Repayment Mailing Address Georgia Student Finance Authority Loan Servicing 2082 East Exchange Place Tucker, GA 30084 Email [email protected] For account informaon or to make a payment, visit Pathways2GSFA.org or call 888.414.2692.

Transcript of Service Cancelable Loan? - GAfutures.org€¦ · Service cancellation is effective once GSFA...

Page 1: Service Cancelable Loan? - GAfutures.org€¦ · Service cancellation is effective once GSFA receives and approves all necessary documentation. Cash Repayment with Interest If you

Service CancelableLoan?

Earn the service cancellation available to you and don’t let your loan convert to cash payments. To meet your service obligation and receive credit towards your loan, here is what you need to do:

Complete a Verification of Status (VOS) Form

You must provide the Georgia Student Finance Authority (GSFA) with a VOS at the time of graduation (or if you leave school) and each year of service to ensure compliance with the service cancellation requirement. You can access and print the VOS at pathways2gsfa.org. The form should be mailed or scanned/emailed to GSFA.

Service cancellation is effective once GSFA receives and approves all necessary

documentation.

Cash Repayment with Interest

If you do not meet your service obligation as stated in your promissory note, the service loan cancellation option automatically converts to cash repayments. You must make monthly payments on the outstanding principal, plus interest, to GSFA. Refer to your promissory note for terms of repayment.

Review Your Promissory Note

For the details of your service cancelable loan’s requirements (i.e., years/types of service, terms of repayment), refer to your promissory note.

Know the Rules of Repayment

Mailing AddressGeorgia Student Finance Authority

Loan Servicing2082 East Exchange Place

Tucker, GA 30084

[email protected]

For account information or to make a payment,visit Pathways2GSFA.org or call 888.414.2692.

Page 2: Service Cancelable Loan? - GAfutures.org€¦ · Service cancellation is effective once GSFA receives and approves all necessary documentation. Cash Repayment with Interest If you

Scholarship for Engineering Education (SEE) &Minority Scholarship for Engineering Education (MSEE)

Be employed in an engineering-related field for one year for each $3,500 awarded by the SEE or MSEE programs.

Be physically located and working at a Georgia site.

Fulfill the service obligation within six years immediately following the completion of an engineering baccalaureate degree program for which SEE or MSEE funds were awarded.

University of North Georgia (UNG)Military Scholarship Loan

Serve as a commissioned officer (second lieutenant) in the Army National Guard for the period of time stated in your promissory note.

If it is determined by the adjutant general no need exists for a commissioned officer in the Georgia Army National Guard at the start of your period of service, you may fulfill your obligation by a combination of service as a commissioned officer on active duty in the United States Army and/or the Georgia Army National Guard for the period of time as stated in your promissory note.

Georgia Military College (GMC)State Service Scholarship Loan

Serve as a commissioned officer in the Georgia National Guard for the period of time stated in your promissory note upon graduation.

If it is determined by the adjutant general no need exists for a commissioned officer in the Georgia National Guard at the start of your period of service, you may fulfill your obligation by a combination of service on active duty in the Georgia National Guard and United States Armed Forces for the period of time stated in your promissory note.

Georgia National GuardService Cancelable Loan (GNG SCL)

Serve in the Georgia National Guard for two years following the last term of enrollment for which GNG SCL funds were received.

SCL-01 (05/18)© GSFC 2018

Terms of ServiceObligation