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Author Topic: Student Loans and Transferring  (Read 794 times)

Red Chair

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Student Loans and Transferring
« on: January 28, 2007, 05:35:27 PM »
Anybody know how student loans work when you transfer?  I understand that you get in late July, so does all your loan information just go with you? or should I be filling out FinAid forms for every school that I try and transfer to?

Thanks

LostMyMonkeys

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Re: Student Loans and Transferring
« Reply #1 on: January 28, 2007, 10:17:40 PM »
Loans dont transfer. You have to cancel an reapply. Or just reapp;y if you are not in the middle of an award. (I transferred in the middle of an award year, so I had to cancel my other loans).
Your first step is to go to your SAR for FAFSA and add the new school(s) to that. That generates a report to the selected schools, who take it from there. Takes about a week for them to get the report. After that, things move pretty quick, but you have to be proactive and make sure you do everything you need to do, like accept awards, do promissary notes, etc.
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