What happens during (and after) school certification?After your loan is approved, and you have accepted the terms, signed the loan documents, and (if asked) provided documents to verify your identity, your loan is sent to your school for certification. At this point in the process, you’re done until we hear back from the school. During certification, your school will confirm several things, including:
- Your enrollment status (half-time or full-time)
- Your anticipated graduation date
- Your grades - that you are making satisfactory academic progress (SAP) according to their definition
- Your requested loan amount – that the loan funds won't exceed your school’s calculated maximum cost of attendance (COA) minus any aid or other loans you already received for that semester or term
- If your school changed anything significant, such as reducing the loan amount or adjusting your anticipated graduation date, then we need to provide a revised approval disclosure for you to accept. After you accept, we’ll be able to produce your final disclosure.
- If your school did not make any big changes, then we produce the final disclosure right away.
What’s the FAFSA and why is it important?
The Free Application for Federal Student Aid (or FASFSA) is the online form you must complete each year to access federal aid (including federal student loans). In addition to helping you access federal aid, many states and individual colleges also use the FAFSA to determine your eligibility for state and school aid.
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What the FAFSA is and why is it important?
I Just accepted and signed my loan documents. Now what happens during school certification?
After your loan is approved, and you have accepted the terms, signed the loan documents, and (if asked) provided documents to verify your identity, your loan is sent to your school for certification. At this point in the process, you’re done until we hear back from the school. So what's happening on their side?
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What happens during (and after) school certification?
What types of degree programs can a graduate student loan cover?
A graduate student loan can cover school costs for most master’s, doctoral, or advanced professional degree programs, including the examples listed below, and many more. If you’re wondering whether grad school is the right investment for you, do your homework.
What’s the difference between federal student loans and private student loans?
Federal student loans are made and funded directly by the federal government. To apply, you need to complete the Free Application for Federal Student Aid (FAFSA).
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC, or The Middlefield Banking Company, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
Information advertised valid as of 8/1/2017. Variable interest rates may increase after consummation.
WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE (IN WHOLE OR IN PART) THIS LOAN PROGRAM AND ITS ASSOCIATED SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK WWW.COLLEGEAVESTUDENTLOANS.COM FOR THE MOST UP-TO-DATE INFORMATION.