Federal Stafford Student Loan Request

Document Sample
Federal Stafford Student Loan Request Powered By Docstoc
					      2011-2012 Federal Direct Student Loan Steps
1. Complete FAFSA and Apply to Edison
               This would include—but is not limited to—the following:
                  o Complete the Verification Process *when necessary
                  o Apply to Edison (New Students ONLY)
                  o Declare an eligible program

                                 Steps 2 - 4 Are Completed Online
2. Read Borrower’s Rights and Responsibilities - www.edisonohio.edu/loan
3. Complete Entrance Loan Counseling - StudentLoans.gov
               Students must complete Entrance Loan Counseling each aid year they plan to attend. If you did this step
                in a prior year or with a different college, you will need to complete it again before loan funds can be
                disbursed to your account at Edison.

                              **New Direct Loan Borrowers**
  4. Sign Master Promissory Note (MPN) - StudentLoans.gov
           If you are a first-time Direct Stafford Loan borrower, you will need to complete a Master
            Promissory Note before any loan funds can be awarded to your account. Master Promissory
            Notes completed with the FFELP loan program are not valid for Direct Loans.
           If you have already completed a Direct Stafford Loan Master Promissory Note,
            there is no need to complete another Master Promissory Note.
5. Complete and Sign the Loan Request
               If you have further questions regarding this request and required steps, please refer to the Borrower’s
                Rights and Responsibilities, Loan FAQ, and the Policies and Procedures Handbook. These items can be
                found online at Edison’s Financial Aid webpage.

6. Submit the Loan Request
               The loan request can be mailed or submitted in person to:
                    Office of Student Financial Aid
                    Student Services, Suite 160
                    Edison Community College
                    1973 Edison Drive
                    Piqua, OH 45356

                                                        HELPFUL HINTS
 New loan borrowers must complete Entrance Loan Counseling and a Master Promissory Note for the Direct Loan program.
  Visit the ECC Financial Aid webpage for details.
 If your enrollment status changes from what you originally report on your loan request, you need to notify the Financial Aid
  Office. This allows us to ensure on-time disbursement of your loan funds. Students must be enrolled in at least six credit
  hours to maintain eligibility.
 If you wish to cancel all or a portion of your loan, you may do so in writing with the Office of Financial Aid.
 TRANSFER STUDENTS: Loan amounts may need revised after confirmation of previous aid awarded at other school(s) in the
  current aid year. It is your responsibility to notify the Financial Aid Office to ensure on time disbursements.

                                                                  -1-                                               Created March, 2011
2011-2012 Federal Direct Student Loan Request
Name: __________________________________________________________ SSN: _______________________________
                  (Last, First, Middle)
                                                                                      Student ID: ___________________________
    1. I have read and understand the Borrower’s Rights and Responsibilities.
                  ___________ Initial
    2. Entrance Loan Counseling
             I have completed Entrance Loan Counseling with the Department of Education for the current aid year.
    3. Master Promissory Note (MPN)
                                                                                                                    Students must
             I have a complete and valid MPN with the Department of Education.                                    complete Entrance
    4. Loan Types *Select only ONE*                                                                                Loan Counseling
                                                                                                                      each year.
          Subsidized and Unsubsidized Federal Stafford Loan
          ONLY Subsidized Federal Stafford Loan
              *NOTE: Selecting only subsidized loans may decrease your loan amount.
    5. Anticipated Enrollment *Select one option for ALL of the terms for which you wish to borrow*
            I plan to be enrolled in the following semesters:
       Summer 2011                   12 or more credit hours                6-11 credit hours  You must be enrolled
       Fall 2011                     12 or more credit hours                6-11 credit hours   in at least six credit
                                                                                              hours in the term(s) for
       Spring 2012                   12 or more credit hours                6-11 credit hours
                                                                                                 which you wish to
    6. Amount Requested *Select Only ONE*                                                        borrow in order to
            I request the maximum eligibility amount at time of processing.                   receive any loan funds.
             For the terms I have selected, I wish to request this amount: $______________
    7. Anticipated Graduation Date
         May            August                   December                 of Year: _________________
    8. Please indicate the number of children under the age of 12 for whom you will be paying childcare costs during
       the terms for which you wish to borrow
                                              ________ (Enter number of children or “0” if none)
Student Certification
I certify that all the information on this application is true and complete. I recognize that it is my responsibility to read the Borrower
Rights and Responsibilities. By signing below, I certify that these funds will be used for educational purposes and in accordance with the
rules and regulations set forth by the Department of Education. I further understand that it is my responsibility to notify the Financial
Aid Office of any changes to my enrollment. I also understand I have the right to cancel all or a portion of my awarded loan amount.



Student Signature: _______________________________________________________ Date: ____________________


                                                    FOR OFFICE USE ONLY:
      SAP                        Y        N   Trans #                                    Dependency Status              I       D
      Counseling Complete Y               N   Default                         Y   N      Housing Status             1       2   3
      # of Dependents                         Grade Level                FR   SOPH       Degree Seeking
                                                                   -2-                                                  Created March, 2011