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The financial aid process begins with the completion of the Free Application for Federal Student Aid (FAFSA). The FAFSA is available each year around December 1 from most high schools and colleges but may not be submitted to the Department of Education until after January 1.

The FAFSA may be completed in paper format or electronically. For more detailed information, visit the FAFSA section of the U.S. Department of Education's Web site. It is worthwhile to complete an application, even if your family is not yet certain that aid is needed or wanted.

The FAFSA should be completed as early in the year as possible, both to "beat the rush" and to increase your chance of meeting schools' priority dates. If possible, parents and students should fill out the FAFSA together. Up to six schools can be listed on the FAFSA as recipients of the resulting Student Aid Report (SAR).

     
2   After the FAFSA is processed, the Student Aid Report (SAR) is sent to the student and each school listed on the FAFSA. The schools typically make final adjustments and advise the student of the financial aid awarded in a "preliminary" or "final" award letter. Read the letter carefully and take care to follow the instructions of the school to ensure receiving financial aid.
     
3   The school will review the results from the FAFSA and determine your student's eligibility for financial aid including Stafford, PLUS and Graduate/Professional PLUS Loans. If you choose to apply for a student loan, the school will send you a loan application.

On the application, fill in the following information:

  • Lender Name: California Bank & Trust
  • Lender Code: 829174

Applications may not be submitted until after January 1 of the year in which you are requesting aid (your senior year, if you are in high school). It usually takes about four weeks for the application to be processed.

     
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If you are interested in applying for an alternative loan, click here.

 

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