(and spouse's, if the student is married) Federal Income Tax Return for the previous year
• Parent's/Parents’ Federal Income Tax Return for the previous year (if student is a dependent)
• Student’s untaxed income records for the previous year - Social Security, Temporary Assistance to Needy Families, welfare, or veterans benefits records
• Student’s bank statements for the previous year
• Student’s previous year’s business and investment mortgage information, business and farm records, stock, bond, and other investment records
• Student’s alien registration card (if not a U.S. citizen)
The Department of Education requires one to four weeks to process the FAFSA for student loans. The length of time to process depends on numerous factors and includes the size of the application backlog, rather the forms were filled out correctly, and also if the required documentation has been attached.
Even thought the FAFSA can be intimidating, it is the vital first step to acquiring your student loan. If you don’t fill it out, you will not be qualified and your loan will be denied.
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