How to Apply for a Student Loan Online
Like most other things in life, it has now become much easier and faster to handle many matters online.
Individuals interested in pursuing their education can now apply for a student loan online. Even student
loan counseling online and free online college info is now available so you can explore all your options. This is
an invaluable resource. Not only do you save the time from visiting the various Educational
institutions and seminars in person but you can achieve even more by researching various web sites
researching online college loans much quicker then ever before.
One of the largest sources of financial aid funding for most students is provided through the availability of
federal student loans. The
two most common student loans provided through the federal government are the Stafford student loan and Perkins student loans. Both of these student
loans can be applied for online through the use of the FAFSA, or Federal Application for
Federal Student Aid. There are a few tips that can help you to better understand how to successfully complete
the FAFSA online. Take a look!
- Gather all necessary documents
- Understand deadlines
- Obtain a PIN There are certain documents you will need in order to correctly complete your application for
student loan online. These documents include the following:
- Social Security Card
- Driver License
- W-2 Forms
- Federal Income Tax Returns for self, spouse (if any) and parents (if applicable)
- Current bank statements
Always remember that your FAFSA application must be received between January 1 and June 30th in order to be
considered for the next academic year. If you fail to complete your FAFSA by midnight of June 30th; you loan
request cannot be considered and you will need to complete another application for the following year.
If this is your first time to apply for a student loan online you will need to apply for a PIN number so that
you can electronically sign your application and check on it at later dates. You can apply for a PIN number by
completing a request. The PIN number can then either be e-mailed or mailed to you. This takes approximately 1-3
business days for email requests and 7-10 days for regular mail. Keep this time period in mind when planning how
you will sign your application because if you plan to sign it electronically you will need to allow sufficient time
to receive your PIN number before the deadline.
Before you apply for a
student loan online or online student loan counseling, FIRST visit: high school scholarships for college.
You may be eligible to receive scholarship money which you didn't know was available to you. This is the
very first step you should take because you may not need a student loan if you receive free scholarship monies.
This website is filled with helpful scholarship ideas.