how do you apply for federal student loans?
Asked by salfani23I have filled out and submitted fafsa, what is the next step, if i need $ for the fall semester starting the end of august?
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Answered by FinAidGrrl
Your FAFSA basically *was* your application fro federal student loans. Your school will use your FAFSA to determine your eligibility for Federal Student Aid, including federal grants and loans. Almost every FSA applicant is eligible for some type of Stafford loan funding: your school will inform you via letter or email (sometimes a dedicated student financial aid "portal" on their website) of your eligibility (loan type, amount, and whether the interest on loan will be federally subsidized). They will also let you know if you are eligible for a Perkins Loan and/or any grant funding from the federal government, state, or the school itself. If you filed the FAFSA a while ago and have not yet heard from your school, give them a call to make sure they arent missing anything else from you. Once you received notice from them of what you have been awarded, you will need to complete a Master Promissory Note in which you agree to the terms of the loan and provide reference information. In some cases, your school will require you to select a lender. If you have not done so before, you will also required to complete "Entrance Counseling" (more paperwork, essentially).
Your FAFSA basically *was* your application fro federal student loans. Your school will use your FAFSA to determine your eligibility for Federal Student Aid, including federal grants and loans. Almost every FSA applicant is eligible for some type of Stafford loan funding: your school will inform you via letter or email (sometimes a dedicated student financial aid "portal" on their website) of your eligibility (loan type, amount, and whether the interest on loan will be federally subsidized). They will also let you know if you are eligible for a Perkins Loan and/or any grant funding from the federal government, state, or the school itself. If you filed the FAFSA a while ago and have not yet heard from your school, give them a call to make sure they arent missing anything else from you. Once you received notice from them of what you have been awarded, you will need to complete a Master Promissory Note in which you agree to the terms of the loan and provide reference information. In some cases, your school will require you to select a lender. If you have not done so before, you will also required to complete "Entrance Counseling" (more paperwork, essentially).
