Apply early after January 1 of each year. Check the SAR for accuracy, make corrections if necessary, and return any needed information quickly. The school Financial Aid Offices use the SAR information to build a financial aid package for you. Some schools also may require completion of their own application form for Student Financial Aid. Subsequently, you will receive an award letter that details the financial aid package put together for you.
Practices vary from school to school.
It is important that you communicate with your prospective school s Financial Aid Office about any deadlines and to determine how financial aid is handled at your prospective school. If you are eligible for a loan in the FFEL Program, you also will need to complete a Stafford Application and Promissory Note or a PLUS Application and Promissory Note . Selecting the lender is your choice. Specify OSLA Lenders as your preferred lender to be eligible for OSLA s Borrower Savings Programs .