Southwestern

Engaging Minds, Transforming Lives

Financial Assistance at Southwestern

Loan Processing

First-Year Students

If you're a first-year student and your FAFSA was submitted on time, you should receive either your Award Notification Letter or our request for additional information no later than April 15th. If we request information, be sure to respond promptly to retain priority access to funding. Return one copy of the letter to our office, indicating your intention to accept or decline the various items offered, and keep the other copy for your records. Upon receipt of this information, our office will certify any loans you've accepted, and you'll receive Loan Instructions in the mail. Depending on the type of loan, you may also receive an e-mail from Texas Guaranteed Student Loan Corporation letting you know that your loans are ready for processing.

Once you receive your loan instructions, you can follow the steps to process your loan. This involves guaranteeing the loan with Texas Guaranteed, choosing a lender, applying for the loan, and providing the lender with a signed promissory note. This can all be done at once at the Loans by Web site using our Loan Instructions. Remember, until we receive your reply indicating your acceptance of loans, the loans won't be available on the Loans by Web™ site. When you receive your Loan Instructions and associated loan information in the mail, you will know that your loans have been certified, and it is time to begin the loan process.

Important: Until you complete the online loan processing to accept the loans, funds will not be disbursed to the school, even if you've returned your reply letter to the Financial Aid Office. If any problems or questions arise during the completion of the Loans by Web process, please contact Texas Guaranteed Student Loan Corporation at 1-800-845-6267.

Continuing Students

If you're a continuing student and your FAFSA was submitted on time, you should receive either your Award Notification Letter or our request for additional information during the month of June. If we request information, be sure to respond promptly to retain priority access to funding. Return one copy of the letter to our office, indicating your choice to accept or decline the various items offered, and keep the other copy for your records. If you choose to accept loans, you may go directly to the Loans by Web™ site and accept your loans using the Loan Instructions that came with your letter.

Important: Until you complete the online loan processing to accept the loans, funds will not be disbursed to the school, even if you've returned your reply letter to the Financial Aid Office.

If any problems or questions arise during the completion of the Loans by Web process, please contact Texas Guaranteed Student Loan Corporation at 1-800-845-6267.