What is Electronic Signature?

An electronic signature is an alternative means to a handwritten or "wet" signature. A borrower uses a 'shared secret', such as their Free Application for Federal Student Aid (FAFSA) Personal Identification Number (PIN), to authenticate their identity and provide their signature on-line. With the passing of the Electronic Signatures in Global and National Commerce Act on June 30, 2000, an electronic signature became as legally valid as a hand-written signature.

CSLF Electronic Signature for Federal Stafford Loans

A Stafford Loan borrower can electronically sign a Master Promissory Note to obtain Federal Stafford Loan funds, provided that the lender has agreed to participate with CSLF in the electronic signature process.

Any lender with a CSLF guarantee agreement is eligible to participate in the CSLF Stafford Loan electronic signature process. To sign up or obtain more information, contact an Academic Services Manager or call (800) 237-9721.

Any school that is eligible to participate in the Federal Stafford Loan program may participate in the CSLF Stafford Loan electronic signature process. To obtain more information, contact an Academic Services Manager or call (800) 237-9721.

CSLF Electronic Signature for Federal PLUS Loans

A PLUS Loan borrower can obtain a credit decision and electronically sign their Federal PLUS Loan Application and Promissory Note for a Susie Mae PLUS Loan. The CSLF electronic signature for PLUS Loans requires that both the parent borrower and the student electronically sign the application.