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| How To Apply For A Student Loan |
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| Step 1 - Complete the online Free Application for Federal Student Aid (FAFSA) Application. |
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| FAFSA Application - The U.S. Department of Education uses the data from your FAFSA application to perform a statutorily required calculation and then transmits the results to the schools you listed or selected on the FAFSA. These results are used by those schools to determine your eligibility for aid from the federal student aid programs. |
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| Step 2 - Review your Student Aid Report (SAR). You should receive a SAR approximately four weeks after you submit the FAFSA. Make any necessary corrections and return the SAR to the appropriate address. The school you listed on your FAFSA will also receive your SAR information. |
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| Step 3 - Confirm with the financial aid office at the school you plan to attend, that the school has received all necessary information to determine your eligibility for financial aid. The school will provide to you an award letter outlining the type of financial aid that you may receive. |
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| Step 4 - Promissory Note: Read the entire Promissory Note and the Borrower's Rights and Responsibilities prior to signing the Promissory Note for a FFELP loan. For more detailed information access the Student Guide listed below. |
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| The Student Guide: (pdf - 2.95 MB - Download Time May be Lengthy) - The U.S. Department of Education provides The Student Guide to assist high school students, college students, parents, and non-traditional students with the financial aid process; as well as, detailed steps for each phase. |
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| College and Career Planning - Going2college.org provides general information about career planning, resources, guidelines for students planning to attend college, and state and federal aid that is available. Going2college.org also provides information on state college resource centers, events on financial aid and college information; as well as, information on programs such as Upward Bound, Talent Search, GEAR UP and Project Grad. |
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| Loan Types |
| Note: Students should contact their lender or
Financial Aid Office for application processing procedures (electronic
pre-filled, hardcopy) prior to downloading and completing any application
forms. With the Health Care and Education Reconciliation Act being
signed into law on March 30, 2010, the authority to make or insure new loans
under the Federal Family Education Loan (FFEL) Program, ended June 30, 2010.
Existing FFEL loans continue to be eligible for program benefits.
Beginning on July 1, 2010, all new Stafford, PLUS and Consolidation loans are
to be made under the Direct Loan program. For more information on the
Direct Loan Program call toll free 1-800-433-3243 or via
http://www.ed.gov.
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| Additional Information: |
| Forms - Federal Family Education Loan Applications, Deferment, and Discharge Forms |
| Interest Rates - Federal Stafford, Federal PLUS, Federal SLS, and Federal Consolidation Interest Rate Calculations. |
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