Top Questions: School-Administered Loan Programs

Date: February 8, 2022

You asked, here are the answers!

Top Questions: School-Administered Loan Programs

Q1: Can students apply for these loan programs?

Answer: No. These loans are for public schools and educational institutions only. Individuals, such as students, CANNOT apply for these programs. 

Q2: How are students able to apply for funding from the awarded loan?

Answer: Students can apply directly to their awarded school or educational institution. Contact your financial aid office for more information.

Q3: Who is responsible for administering the loan?

Answer: The institution who has been awarded a loan is responsible for administering the loan. However, Program Officers are available to provide guidance to financial aid officers.

Q4: Are participating schools and educational institutions required to have a loan servicer?

Answer: Yes. Any participating school or educational institution is required to have a loan servicer to service the loans and provide due diligence on the loans in order to avoid dealing with uncollectible loans.

Q5: Can a school or educational institution apply for more than one loan program?

Answer: Yes. Applicants should submit one application per loan program of interest.

Q6: Is the application available electronically?

Answer: Currently, the application is not available electronically. To apply, applicants must download the application form for the program of interest and follow the instructions for submission:

Questions? Email the point-of-contact for your program of interest:

Applications accepted until:

  • Tuesday, February 15, 11:59 pm ET.

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