STUDENT LOAN APPLICATION CHECKLIST

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STUDENT LOAN APPLICATION CHECKLIST Powered By Docstoc
					                                    STUDENT LOAN APPLICATION CHECKLIST

This checklist briefly outlines the steps that each student must take in order to complete the appropriate student loan application process
based on the student loans they have accepted on the Award Notification Letter. Please refer to the 2010-11 Student Loan Handbook for
complete loan application instructions. This checklist is meant to supplement, NOT replace, the detailed instructions provided in the
handbook.

First-Time Federal Direct Loan (Subsidized/Unsubsidized) Borrowers at TUSDM
          FINANCIAL AID AWARD NOTIFICATION LETTER (Complete & return white copy to Financial Aid Office.)
          TITLE IV AUTHORIZATION STATEMENT (Complete & return to Financial Aid Office.) – First time borrowers at TUSDM
           ONLY. Note that students must complete ONE Title IV Authorization Statement which will cover any Title IV aid student
           expects to receive which includes Federal Direct Loan, Federal Direct Grad PLUS and Federal Perkins Loan. Students are only
           required to complete this form once, the first time they borrow from any of the aforementioned loan programs while in
           attendance at TUSDM. Note that continuing students who had previously borrowed Federal Stafford and/or Grad PLUS under
           the FFELP program are not required to complete a new statement when borrowing Federal Direct Loans or Federal Direct Grad
           PLUS Loans unless they wish to make a change to their original statement. Students have the right to make a change to their
           previously submitted Title IV Authorization Statement at any time.
          FEDERAL DIRECT LOAN ENTRANCE COUNSELING (Complete online—see Student Loan Handbook.) — First time
           borrowers at TUSDM ONLY; Not applicable for continuing students at TUSDM who previously borrowed Federal Stafford
           Loans while in attendance at TUSDM
          FEDERAL DIRECT LOAN MASTER PROMISSORY NOTE (MPN) – ALL BORROWERS UNLESS STUDENT HAS AN
           ACTIVE FEDERAL DIRECT LOAN MPN ON FILE WITH THE FEDERAL DIRECT LOAN ORIGINATIONS CENTER.
           (See Student Loan Handbook for instructions.)

Continuing Federal Direct Loan (Subsidized/Unsubsidized) Borrowers at TUSDM
          FINANCIAL AID AWARD NOTIFICATION LETTER (Complete & return white copy to Financial Aid Office.)

NOTE: The TITLE IV Authorization Statement is only necessary for those students who wish to update their previous statement submitted.

First-Time Federal Direct Grad PLUS Loan Borrowers at TUSDM:
          FINANCIAL AID AWARD NOTIFICATION LETTER (Complete & return white copy to Financial Aid Office.)
          FEDERAL DIRECT GRAD PLUS ENTRANCE COUNSELING (Complete online—see Student Loan Handbook.) — First
           time borrowers at TUSDM ONLY; Not applicable for continuing students at TUSDM who previously borrowed Grad PLUS
           Loans while in attendance at TUSDM.
          FEDERAL DIRECT GRAD PLUS LOAN MASTER PROMISSORY NOTE (MPN) – ALL BORROWERS UNLESS
           STUDENT HAS AN ACTIVE FEDERAL DIRECT GRAD PLUS LOAN MPN ON FILE WITH THE FEDERAL DIRECT
           LOAN ORIGINATIONS CENTER. (See Student Loan Handbook for instructions.)
          Post-Graduate Students Only: LOAN DISBURSEMENT WORKSHEET (Complete and return to Financial Aid Office.)
           [DMD/DIS students are NOT required to submit Loan Disbursement Worksheet.]

Continuing Federal Direct Grad PLUS Borrowers at TUSDM:
          FINANCIAL AID AWARD NOTIFICATION LETTER (Complete & return white copy to Financial Aid Office.)
          Post-Graduate Students Only: LOAN DISBURSEMENT WORKSHEET (Complete and return to Financial Aid Office.)
           [DMD/DIS students are NOT required to submit Loan Disbursement Worksheet.]

NOTE: Federal Direct Grad PLUS Borrowers whose previous Grad PLUS loan was approved with an endorser must complete a new
Federal Direct Grad PLUS MPN. See Student Loan Handbook for instructions.

Private Education Loan Borrowers:
          PRIVATE EDUCATION LOAN APPLICATION WITH LENDER OF CHOICE (refer to Student Loan Handbook for possible
           options)
          Post-Graduate Students Only: LOAN DISBURSEMENT WORKSHEET (Complete and return to Financial Aid Office.)
           [DMD/DIS students are NOT required to submit Loan Disbursement Worksheet.]

Tufts Loan, Federal Perkins Loan, Health Professions Student Loan, Loans for Disadvantaged Students Borrowers:
          FINANCIAL AID AWARD NOTIFICATION LETTER (Complete & return white copy to Financial Aid Office.)
          PROMISSORY NOTE:
           1) First-time Perkins, HPSL and LDS borrowers will receive an instructional email after 7/1 to complete electronic MPN
              which includes appropriate loan entrance counseling. Tufts Loan recipients will receive similar email after 7/1 to complete
              an electronic promissory note.
           2) Prior HPSL/LDS recipients will receive an instructional email after 7/1 requiring them to electronically accept the award
              (written acceptance via Award Notification Letter is also required).
           3) Prior Perkins recipients need only to return the Award Notification Letter, accepting the Perkins award.

				
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