Online Education Loan

By: EconomyWatch Content   Date: 1 December 2009

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Seeking an online education loan is made easy by the Free Application for Federal Student Aid (FAFSA) program. The process of filing an FAFSA form involves:

  • Filling the form

  • Signing the form

  • FAFSA follow up 

Signing on an Online Education Loan

A FAFSA form can only be processed after it has been signed by the student and his/her parents (if applicable).

There are three ways through which you can sign the FAFSA application:

  • Electronically sign the form with a PIN: This application process becomes simpler with the use of a PIN number to sign electronically. Moreover, you can use the same PIN to sign your FAFSA every year until you finish your graduation.

  • Print the form, sign it and mail the signature page after you submit the FAFSA online.

  • Sign your Student Aid Report (SAR) and return it in the mail. 

How to Obtain a PIN for Signing an Online Education Loan Application

The steps to obtain a PIN over the Internet are:

  • Access the Federal Student Aid's PIN website

  • Click the “Apply For A PIN” link on the left panel of the screen

  • The application process involves three steps:

    • Entering personal details, such as SSN and date of birth
    • Submitting your PIN application
    • Receiving your PIN

You might also have to visit the website, if you:

  • Already have a Federal Student Aid PIN but have lost or forgotten it. In such cases, you can request for a duplicate PIN by clicking the “Request A Duplicate PIN” link on the home page.

  • Believe your PIN has been compromised. In such cases, you can request for a different PIN by selecting the “Change My PIN” link on the panel on the left of the screen.

  • Previously disabled your PIN and would like to use it again. You can re-establish your PIN by selecting the “Reestablish My PIN” link on the left panel of the screen the home page.

You may select one of the following PIN delivery methods:

  • Instantly select or view your PIN online.

  • Receive an e-mail with the PIN immediately.

  • Request the PIN be mailed to you (approximately 7-10 days for delivery).

Once you submit the FAFSA form, you will be notified by your school regarding the awards for which you are eligible.


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