Student Loan Application Processes
The FAFSA Application Process
The FAFSA is your gateway to federal student loans. Here’s how to navigate it:
- Step-by-Step Guide: Learn how to fill out the FAFSA, what documents you need, and when to apply.
- Common Mistakes to Avoid: We’ll help you avoid errors that could delay your financial aid.
Private Student Loan Application Process
When applying for private student loans:
- Compare Lenders: Look at interest rates, fees, and terms.
- Shop Loan Offers Not Marketing Rates: Marketing rates are often promotional figures that lenders use to attract borrowers. These rates may not reflect the actual rate a borrower will receive.
- Required Documents: Be prepared to provide proof of income, credit score information, and more.
Student Loan Application Deadlines
Applying early is key! Here’s how long it typically takes to get approved:
- Federal Loans: Once you submit your FAFSA, you’ll receive a financial aid offer within a few weeks.
- Private Student Loans: Private loan approval can take longer, depending on the lender.