How To Obtain A Federal Student Loan.

1. Complete a FAFSA
Before you begin applying for a Stafford and/or PLUS Loan, you must first complete the Free Application for Federal Student Aid (FAFSA). It must be completed for each academic year that you request federal aid. FAFSA’ s for the upcoming academic year are available online http://www.fafsa.ed.gov on or after January 2. Contact your school for their application deadline.

2. Receive your SAR
Once your FAFSA is processed, a Student Aid Report (SAR) is created. If you completed your FAFSA online, allow 1-2 weeks for you and your school to receive the SAR electronically. Paper FAFSA’ s take 6-8 weeks to process.

3. Receive your Award Letter
Your school(s) uses data from your SAR to determine your financial aid award for the current academic year and send you an award letter by e-mail or US Mail. (If your letter mentions the William D. Ford Direct Lending Program, contact your school for the appropriate promissory note.)

4. Complete a Stafford Master Promissory Note

Apply fast and easy on-line and receive answers to frequently asked questions.

Apply Now for a Federal Stafford Loan
Apply Now for a Federal PLUS (Parent) Loan
Apply Now for a Federal Graduate/Professional PLUS Loan

5. Your School completes the School Certification Form
     Master Promissory Note
Your school must complete a School Certification Form indicating the loan amount and disbursement dates. It is suggested that you stay in contact with your school to determine their timeline to certify and to expedite the completion of the form. The completed form should be sent to the loan servicer and guarantor, Great Lakes.

6. Your School will Receive the Funds
Both Stafford and PLUS Loans are guaranteed and serviced by Great Lakes Educational Loan Services, Inc. (Great Lakes). When Great Lakes receives the Master Promissory Note from the credit union and School Certification Form from the school indicating the loan amount and disbursement dates, funds will be sent to the school.

7. Access Your Loan Account Online
You can check the status of your loan, view your account information and make payments from your bank account 24/7 at www.mygreatlakes.com log in, choose My Loans, then Internet Borrower Inquiry Service to get started. This site offers a variety of tools for calculating the cost of your loan. It’s your resource to forms,
a glossary of financial aid terms, contact information, and lots of other information to help you manage your loans.

8. Call These Toll-free Numbers for Loan Inquiries

• Contact BEFORE your loan is disbursed to the school:
  Great Lakes Educational Loan Services, Inc. at 1-800-366-0032
• Contact AFTER your loan is disbursed to the school:
  Great Lakes Educational Loan Services, Inc. at 1-800-236-4300