Beginning February 14, 2010, institutions are required to provide the Self-Certification form, and the information needed to complete the form, to an enrolled or admitted applicant (or to the parent applicant of an enrolled or admitted student) upon the applicant’s request for a private education loan Self-Certification form. An exact copy (pdf) of the Self-Certification form is located on the Coastal Alabama webpage under the financial aid-forms tab for applicants to download.
Alternatively, the applicant may obtain a copy of the Self-Certification form from the private educational loan lender and submit it to the institution for completion or confirmation. An institution is not required to track the status of the private education loan after providing the Self-Certification form to the applicant or to the private lender.
The information provided to the student is for Section 2 of the form, to the extent that the institution possesses the information. Section 2 of the Self-Certification form requests the following information:
The student’s Cost of Attendance (COA) for the period of enrollment to be covered by the loan;
Any Estimated Financial Assistance (EFA) for the period of enrollment to be covered by the loan;
The difference between the COA and EFA. Note a Private loan can’t be processed until the student has completed and submitted the self-certification form.