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STAFFORD LOAN HELP.I was awarded stafford sub/un loans.What's next? Do I fill out an application for this?

  • I don't know if I have to go to staffordloans.com and fill out an application or what? Since I was awarded these through my school, is that the application process there? Or is there a whole other app. I have to do? Also, if I am a senior but never received loans before at this school but another school, do I have to wait the 30 days for my loans to process? Or is it just for freshmen?

  • Answer:

    Your school may send part of your application through so all you have to do is go online to electronically sign your promissory note. If you want to use a different lender, you will have to go through their site. Either way, you do need to sign a Master Promissory Note that is created by the Federal government. You may also need to complete loan counseling at your new school. By the way, I have never heard of staffordloans.com. Given all the issues with student loan lenders, you're better going directly to a bank's site or to somewhere like American Education Services or Myrichuncle. I do not know if the 30 day process applies to transfer students.

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