The borrower must first perfect the Fafsa (Free Application for Federal Student Aid) form and submit it to the financial aid. A renewal Fafsa can be completed if the applicant has submitted a Fafsa in the former year.
The Fafsa can be completed online:
[http://www.ed.gov/offices/Osfap/Students/apply/express.html]. If the student has already completed a Fafsa or renewal Fafsa for the current school year, he or she should submit a copy of their Sir forms. The Federal Government must receive the Fafsa or renewal Fafsa before any financial aid will be disbursed.
The borrower will then perfect and submit the Mpn (Stafford Loan
Master Application and Promissory Note) and Ksi financial aid application and paperwork. The Financial Aid Officer will counsel the student and decree the loan amount for which he or she is eligible. Once the certified loan amount is set and the borrower has returned the completed Promissory Note, the financial aid office will perfect the School Certification Form.
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