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STAFFORD LOAN PROCEDURES - 2008-2009

The most common student loan used by Barnard students is the Federal Stafford Loan. Funds for the Stafford Loan are provided by private lenders (banks, credit unions, etc.) and are guaranteed against default by the government.   The Stafford Loan has a fixed interest rate of 6.0%. Maximum Stafford Loan amounts vary according to year of enrollment.

Stafford Loan application procedures
First-Time Borrowers Transfer Students Returning Borrowers
Choose a lender .If you borrowed at your previous school, select the same lender. Your loan will be processed using the same lender as previous years.
Complete the Stafford Student Loan Request form Complete the Stafford Student Loan Request formComplete the Stafford Student Loan Request form
Complete a Master Promissory Note at the lender site. Your Master Promissory Note is valid from your previous school. Your Master Promissory Note is valid from your previous years.
Complete an Entrance Interview at orientation or contact Financial Aid. Complete an Entrance Interview at orientation or contact Financial Aid.   Not applicable.
Submit FAFSA to the federal processor. Submit FAFSA to the federal processor.  Submit FAFSA to the federal processor.
Submit federal tax returns and all W-2 forms for you and your parents to Financial Aid.Submit federal tax returns and all W-2 forms for you and your parents to Financial Aid.Submit federal tax returns and all W-2 forms for you and your parents to Financial Aid.

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Barnard Office of Financial Aid | 3009 Broadway, New York, NY 10027 | finaid@barnard.edu | 212-854-2154