Creating and Editing a Borrower

Note: This article documents the steps for manually entering borrower information on the student record. For information on creating or updating borrower information from a COD response file, see Importing COD Files.

To manually add a borrower to the student record, complete the following steps:

  1. Search for and select the student record you want to edit. For more information see Searching for Student Records.
  2. Expand the Packaging options in the middle navigation menu and select Borrowers & PLUS Applications.
  1. Select +Add Borrower in the top right corner of the student panel to open the Add Borrower window.
  2. Complete the fields with information about the borrower. At a minimum, there are four required fields that must be completed (Last Name, First Name, SSN, and Citizenship Status) to create the borrower.

    Tip: Use the field level help included in the PowerFAIDS user interface for fields you are unsure about by selecting the info help-text icon icon next to the field in question.

A success message is displayed in the upper right portion of the page letting you know the borrower has been created.

Once the borrower has been created they can be associated with a specific loan on the Federal Loans or Private Loans pages.

  1. Navigate to the Borrowers and PLUS Application window and select the borrower's tab you wish to edit.
  2. Edit any of the general information or detail fields with updated information.
  3. Select Save.