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GHEAC Mardi Gras: Parade of Service 2003 GHEAC Annual Conference March 4 - 5, 2003

GHEAC Mardi Gras: Parade of Service 2003 GHEAC Annual Conference March 4 - 5, 2003. FASTLoans ™ Carole J. Jones, School Client Relations Specialist. What is FASTLoans ™? Features of the Online MPN System Requirements FASTLoans ™ Demo Review of Forms. Overview of Session.

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GHEAC Mardi Gras: Parade of Service 2003 GHEAC Annual Conference March 4 - 5, 2003

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  1. GHEAC Mardi Gras:Parade of Service2003 GHEAC Annual ConferenceMarch 4 - 5, 2003 FASTLoans™ Carole J. Jones, School Client Relations Specialist

  2. What is FASTLoans™? Features of the Online MPN System Requirements FASTLoans™ Demo Review of Forms Overview of Session 2003 GHEAC Annual Conference

  3. An Online Student Loan Application which is a web-based Federal Stafford Loan Master Promissory Note (MPN) product. The program resides on a GHEAC server. Borrowers access the online MPN from a link on their school’s website. The online MPN interfaces with GHEAC’s mainframe database in real time. What is FASTLoans™? 2003 GHEAC Annual Conference

  4. Access from the schools Website Borrowers access the online MPN from their school’s website. Features of the Online MPN 2003 GHEAC Annual Conference

  5. Active MPN Search: The borrower’s SSN and Date of Birth (DOB) are used to conduct a real-time search to determine if an active MPN exits on the GHEAC database. Features of the Online MPN 2003 GHEAC Annual Conference

  6. Suggested Lender Logic: The borrower’s SSN, school code and other data are used to conduct a real-time search to suggest a lender from a school certification or previous loans on the GHEAC database. Features of the Online MPN 2003 GHEAC Annual Conference

  7. School’s Preferred Lender List: As part of the enrollment process, each school submits a list of up to 250 GHEAC lenders (lenders with a GHEAC guaranty contract) they want displayed in a lender drop-down box. Features of the Online MPN 2003 GHEAC Annual Conference

  8. Online edits: Online edits ensure that information is entered into all required fields and that required actions are completed. Features of the Online MPN 2003 GHEAC Annual Conference

  9. Signature options: Borrowers have 3 options They can sign electronically using their Department of Education PIN, They may print the MPN to sign, or They may request that an MPN by mailed to them for signature. *The printable MPN document include the Borrowers Rights and Responsibilities Statement Features of the Online MPN 2003 GHEAC Annual Conference

  10. Borrower confirmation email: Borrowers receive a confirmation email if they provide a valid email address. Features of the Online MPN 2003 GHEAC Annual Conference

  11. Notification Options for Schools Schools may choose from 3 different notification options: CommonLine School Certification Request Emailed FASTLoans™Status Report No Notification * A school may receive both the CommonLine Certification Request and the Emailed Status Report Features of the Online MPN 2003 GHEAC Annual Conference

  12. Automated load of MPN’s to the GHEAC database: Submitted MPN’s load to the GHEAC database in real time using a CommonLine Release 4 file and ASAP processing. Features of the Online MPN 2003 GHEAC Annual Conference

  13. Use of the FASTLoans™ online MPN requires a computer and printer with the following software: Internet browser: Internet Explorer 4.00 or higher Or Netscape Navigator 4.00 or higher The browser must be configured with JavaScript and cookies enabled. The browser must support Secure Sockets Layer(SSL) with one of the following levels of encryption: 40-bit, 56-bit, or 128-bit encryption. Adobe Acrobat Reader 4.05 or higher. System Requirements 2003 GHEAC Annual Conference

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