It also includes information about your loan interest rate and about deferment and cancellation provisions. Secondary Market - An organization that buys student loans from lenders. Most lenders sell their student loans. OSLA sells its loans to OSLA so the loan continues to be administered by the same servicer. Servicer - An organization that administers and collects your loan either as a holder of your loan or as an agent acting for and on behalf of your loan lender.
Some school require completion of additional financial aid forms.
Remember, grants and scholarships are limited. Therefore, it is important to find out each school's financial aid application deadline and not miss it. Most colleges will require completion of their admission application before they will process your application for financial aid. Loan Application Process Obtain a loan application from one of our loan officers, get one from the school you will attend, or apply online for a student Stafford Loan or for a Parent PLUS Loan . Complete the borrower section and take the application to your school's financial aid office for completion of the school certification section.