Direct student loan
If you are thinking about applying for a direct student loan for the
upcoming school year, now is the time to prepare your documents for the
application process. Funding through the U.S. Department of Education is
awarded after the successful completion of the Free Application for Federal
Student Aid (FAFSA). The FAFSA is a lengthy application that requires a lot
of information about you and your parents (if you are considered a
dependent).
Applying for a direct student loan online is the fastest and least
painful way to go about filling a FAFSA. Before you begin, however, you will
need a PIN (which you can request on the U.S. Department of Education’s Web
site). You will also need some documentation to answer specific questions on
the application.
According to the Department of Education, you require the following
financial information when applying for Direct Student Loans :
Your Social Security Number (from your Social Security card)
Your driver’s license (if applicable)
Your W-2 Forms and other records of money earned during the previous year
Your (and your spouse’s, if applicable) Federal Income Tax Return - IRS Form
1040, 1040A, 1040EZ
Your parents’ Federal Income Tax Return (again from the previous year and
only if you are a dependent student)
Your untaxed income records - Social Security, Temporary Assistance to Needy
Families, welfare, or veterans benefits records (from the previous year)
Any recent bank statements
Any recent business and investment mortgage information, business and farm
records, stock, bond, and other investment records (if applicable)
An alien registration number or permanent residence card (if you are not a
U.S. citizen)
Copyright 2008,
Private student loans for
college education, financial aid. All Private direct student loans
and other college lenders, school loans and resources are approved before
listing. June 2008.
