Your Loan Processing Options: Financial Aid Processing System (FAPS™)

Do you know you have options when it comes to how you process student loans? Depending on the number of loans you work with, you might choose to process the loans in batches or one at a time.

How do you know which option is right for you? If you’re dealing with a high number of loans, batch processing might be best.

• Import and batch data from your financial aid management system
• Transmit data electronically to EdFund for guarantee within one business day
• Access loan guarantee and reject reports electronically within one business day

For more information about your loan processing options, or for training, contact your client relations manager (schools) or your lender services representative (lenders).