Agricultural Education
This program has been suspended for the 2010-2011 academic year and is no longer available.
The Agricultural Education service cancelable loan provides funding to students pursuing an educational degree in this field.
This loan may be cancelled through service to Georgia based on one calendar year (12 months) of 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 can be approved.
Recipients must teach in the Agricultural Education field.
Value
The maximum program amount a student can receive an academic year is $2,000.
Eligibility Requirements
You must first complete the Free Application for Federal Student Aid (FAFSA) 
.
Makes sure you have the results sent to the schools you plan to attend. The financial aid office will then determine if you are eligible for this loan.
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 and enrolled at least half-time at a GSFA-approved postsecondary educational institution;
- Be good academic standing as determined by the school and maintain at least a 2.0 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.
Click here to obtain the forms necessary to start your loan cancellation.
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.
View current Stafford Loan interest rates.
Origination and federal default fees are set by federal statute and are deducted from loan proceeds.
For loans first disbursed on or after July 1, 2009.
The origination fee is 1% and the federal default fee is 1%.
The only lender that participates in the Federal Stafford Loan with the Service Option is the Georgia Student Finance Authority, Lender Code 833624.
To complete the loan process, follow the directions from your school.
Loan Disbursement
Once the loan is processed and approved, 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 arrange 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 use the College Matching Assistant.
More Information
For further details, you can read the Federal Stafford Loan with Service Cancelable Option Regulations 
.