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Private Education Loan Self-Certification Form Information

office of student services

Please note: Some of these files are Adobe Acrobat® (PDF) formatted files. To view them, you will need to download the free Adobe Acrobat file reader.

 

Effective February 14, 2010, lenders of private education loans are required to collect a completed and signed Self-Certification Form prior to disbursing the loan proceeds. This applies to any private education loans that are not at least partially disbursed prior to the effective date. Private education loans include all Alternative Loans, as well as certain loans issued by Boston College directly. Individual lenders are implementing their own procedures to comply with this new regulation, so you should contact your lender directly if you have specific questions about the process for submitting this form.

If you do not submit a completed and signed Self-Certification Form to your lender, your loan will not be disbursed.


What loans are subject to this requirement?

Loan Type
Self-Certification Form Required?
Process for Submission
Direct Loan (Subsidized or Unsubsidized)
No
N/A
Perkins Loan
No
N/A
Plus Loan (Graduate or Undergraduate Parent)
No
N/A
Alternative Loan
Yes
Contact your lender
Boston College Law School Loan
Yes
Complete electronic form as part of the promissory note E-Signature process
Nursing Loan (Graduate & Undergraduate)
Yes
Complete electronic form as part of the promissory note E-Signature process
Boston College Bank of America Scholars Loan
Yes
Complete electronic form as part of the promissory note E-Signature process
Boston College Sharp Urban Scholars Loan
Yes
Complete electronic form as part of the promissory note E-Signature process
MA No Interest Loan
Yes
Contact the Massachusetts Office of Student Financial Assistance (OSFA).


What Information is required on the Self-Certification Form?

To complete the Self-Certification Form, you will need to provide your demographic information as well as information about your total cost of attendance and estimated financial assistance. If you have received an electronic award notification, this information can be found there. Please refer to this example to determine where the information can be found on your award notification. If you are not a financial aid applicant or have not yet received your award notification, you can use the examples below to determine your estimated cost of attendance.


Cost of Attendance

2014-2015 Cost of Attendance Examples (Undergraduate and Law Students)

Undergraduate
Incoming
Freshman/
Transfer
Undergraduate Upperclassman
Resident)
Undergraduate Upperclassman
(Off-Campus)
Undergraduate Commuter
Law Student
$63,296 $63,296 $57,511 $50,986 $66,536

 

Please use the examples above only if you are not a financial aid applicant. Aid applicants should refer to the electronic award notification to obtain an accurate cost of attendance.

For graduate students (other than Law), cost of attendance varies widely by school and enrollment status. Please visit the graduate financial aid website for information on estimating your cost of attendance if you are not a financial aid applicant.

Estimated Financial Assistance

Financial aid applicants should refer to the electronic award notification to obtain this information. Non-aid applicants should include any other loans that have been received and/or any outside scholarships or tuition benefits.

Note: When reporting your estimated financial assistance on the Self-Certification Form, do not include the amount of the loan for which you are completing the form.