Accessing Loans in Four Basic Steps:
FIRST
All US students begin the process by completing a Free Application for Federal
Student Assistance (FAFSA) on line at:
http://www.fafsa.ed.gov
Applications can also be obtained from your local high school. Submit an Eight-Page Student Aid Report (SAR) to the University.
Note: When you complete your FAFSA on-line do not enter your email address and an Eight-Page SAR will be mailed to you. Otherwise, a two-page SAR will be e-mailed by the Department of Education and that is not sufficient for Stafford or PLUS loan processing in foreign schools.
SECOND
You now must obtain a lender. You are free to choose any lender you prefer. However, St. Francis Xavier University has implemented online processing with Sallie Mae International and International Education Finance Corporation (IEFC). These lenders have provided excellent service to US students studying in foreign schools.
Sallie Mae uses a completely online application option. To access their system you can visit http://www.salliemae.com/international/us_students/
International Education Finance Corporation (IEFC) uses American Student Assistance as the guarantor. To access IEFC's application process please visit www.iefc.com or call 1-888-296-4332.
THIRD
Send the following documents to the University:
Eight-Page SAR;
Master Promissory Notes (MPN) for Stafford and/or PLUS; and
US Student Information Form.
FOURTH
Complete Loan Entrance Counseling on-line
Go to www.mapping-your-future.org to learn the in's and out's of your Stafford and PLUS loans. You must complete an entrance interview to receive your Federal Stafford & PLUS funding.
Note: Perkins, Pell Grants are not permitted at foreign schools
School DOE code for St Francis Xavier University is: G06681
FAFSA
Free Application for Federal Student Aid
www.fafsa.ed.gov
Mapping Your Future
http://mapping-your-future.org/student/
International Education Finance Corporation
http://www.IEFC.com/
American Student Assistance
http://www.amsa.com/direct/borrowers/staffordesigninstructions.cfm
LENDERS available to students attending St. Francis Xavier University
AMS 833471
Sallie Mae Ed Trust 802218
Fifth Third 808780
Regions Bank 810612
All have USA Funds 800 as the guarantor
Document Checklist:
The following documents must be received by our office prior to the certification of any Stafford or PLUS loans