The first step in applying for a Federal loan is to complete your FAFSA online to establish your eligibility. Visit . Further advice is available at . Once completed, this will generate a Student Aid Report (SAR) and an ISIR (an electronic counterpart to the SAR).  You may receive a 2-page SAR receipt electronically but we have to check the ISIR.  It is this document that determines if you are eligible for Federal Aid, although there are several other checks and additional information required during the origination process.  We (the School) have to determine the amount of aid that you are eligible for within the limits set by the US Federal Government.