They make lending decisions based on information found on FAFSA form — which does not include credit report information on the application. (growingfamilybenefits.com)
A conviction for POM can also have effects on student financial aid, since it is considered a Drug Conviction, and may have to be disclosed on FAFSA forms or private funding institutes. (rosenthalwadas.com)
Potential borrowers will want to have the following information handy: a completed FAFSA application form, an award letter from the school the student plans to attend, and information on other funding (i.e., scholarships, grants, federal funding, etc.). (studentloans.net)