4 Step to get Student Loan

Step 1: Fill out the FAFSA (Free Application for Federal Aid) or Renewal FAFSA.
This should be done as soon later than January 1st as possible. The government uses the FAFSA to ascertain your eligibility and determine how much it believes you and your family should contribute to your education based upon income, assets, liabilities, size of present household and number of family members currently presence college. The FAFSA is accessible online at www.fafsa.ed.gov. Full fill the online form is faster and prevents many of the common errors associated with the usual paper form.

Things you will need:

* Income tax returns (or close estimate)
* W-2 forms
* Current bank statements
* Mortgage information
* Investment records
* Driver's license
* Social Security Card
* At least 2 hours time (with your parents if applicable)

Renewal FAFSA
Keep in mind to apply for financial aid each year. The good news is that once you have done the FAFSA once, you only need to complete the renewal FAFSA, which is shorter than the original form.

Step 2: The SAR -- Receive and analysis you’re SAR (Student Aid Report)
The SAR should arrive about four to six weeks after you put forward the FAFSA. Your SAR contains your "Expected Family Contribution" or EFC. Your schools (which also have a copy of your SAR) will use it to determine your eligibility for various types of financial aid. From this they will make a Financial Aid Award Letter.

Step 3: Collect and review Award Letters from schools you specified on your FAFSA application
Each school's financial aid office will use the SAR to make a Financial Aid Award Letter which will show the type and amount of aid for which you will be eligible at that school, together with Stafford Loans.

Step 4: Responding to Award Letters
Act in response to an Award Letter as instructed by the school will begin the student loan method. You will get either a Student Loan Worksheet or a Master Promissory Note to complete for your loan. Make sure to choose SNB, lender code 809081, as your lender.