The lenders chosen by Roane State have been selected based on past experience and qualifications, and they offer excellent service and benefits to their borrowers. In addition, these lenders work with our guarantor, TSAC (Tennessee Student Assistance Corporation) in the EFT (electronic fund transfer) process. You are free to choose ANY lender that participates in the FFEL program even if they are not on our list.
The Financial Aid Office will strive to process your loan quickly and accurately regardless of the lender you choose. Your student loan is yours, be informed, ask questions of your lender or prospective lenders. |
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Deadlines
- Loans will not be processed until financial aid file is complete and awarding begins and you are enrolled in at least 6 hours.
- 2009-2010 loan application is now available
How to Apply for a Student Loan
- Apply for financial aid (FAFSA) online at http://www.fafsa.ed.gov/ or by using the paper application.
- Receive a postcard from RSCC Financial Aid Office requesting information to complete file.
- Submit requested forms (loan application will not be processed until your FAFSA file is complete and verified in our office).
- Submit loan application on-line.
- Allow at least 4 weeks to certify loan.
- Loan is transmitted to be guaranteed.
- Check your Roane State email via RaiderNet for instructions as to when to complete Stafford Entrance Counseling and electronically sign MPN (for new borrowers or students that have changed lenders).
- Previous borrower need to check their Roane State email via RaiderNet for instructions on how to view loan amounts on-line.
- Funds sent to RSCC Business Office by lender electronically.
- Make arrangements to cover your fees if funds are inadequate by deadlines posted in class schedule.
If you are unable to cover your fees, contact the Financial Aid Office about a waiver.
Terms & Definitions
- Accrued Interest: the interest that accumulates on the unpaid balance of a loan(s).
- Default: failure to repay your loan(s) according to the terms of the promissory note. To recover money the school, lender or loan servicer, and/or state or federal government may pursue legal action.
- Deferment: temporary postponement of your student loan repayment by your lender or loan servicer. You will need to contact your lender or loan servicer regarding the qualifications and requesting a form.
- Disbursement: the lender releases funds to the school on your behalf.
- Forebearance: permission from your lender or loan servicer to postpone, reduce, or extend loan repayment because of a serious hardship. Interest will continue to accrue during the forebearance. You will need to contact your lender or loan servicer regarding the qualifications and requesting a form.
Lender Telephone Numbers
- EdAmerica: (EdSouth) 1-800-337-1009
- Fifth Third Bank: 1-800-972-3030
- First Tennessee: 1-866-386-5641
- Suntrust: 1-800-457-8243
- Regions Bank: 1-800-422-7404
Entrance / Exit Counseling
Click here for your required counseling |
 Return to Financial Aid |
Contact: Sandra Brock | (865) 481-2000 ext. 2036 | BrockSK@roanestate.edu
Page Owner: Sandra Brock | Updated: 2009-09-01 |
