Action items in each status

Actions required during loan process

 

Processing / pre-approved

Approved, pending acceptance

Approved and accepted

Loan funded

Borrower

  • Verify SSN
  • Provide proof of residency
  • Sign Master Promissory Note (MPN)
  • Complete ACH (opt.)
  • Complete Self- Certification Form*
  • No action
  • No action

Co-borrower

  • Verify SSN
  • Provide proof of residency and income
  • Sign Master Promissory Note (MPN)
  • Sign Notice to Co- Borrower
  • No action
  • No action

School

  • No action
  • No action
  • Confirm student enrollment and financed amount
  • No action

Climb

  • Available for assistance
  • Available for assistance
  • Available for assistance
  • Climb sends funds

 

*Only required if school receives Title IV funds

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