Monday, October 26, 2009

I want to get a student loan through FAFSA, but what documents do i need?

I want to get an online degree at the Uni of Phoenix and a loan from the FAFSA.



I don't have a credit card and a credit history, but my parents do own apartments in Italy and Egypt. The house here in USA belongs to my wife.



So what documents do i need to get a loan through the FAFSA?



I want to get a student loan through FAFSA, but what documents do i need?

You need to report your and your spouses income and assets from your 2006 tax returns if you want to start school in the spring of 08. You don't have to report your home or your parents homes. You also won't need to have a credit history to borrow.



You also should report any and all income for the full year for both of you. Child support, TANF, SSI, Unemployment, Cash, Savings, Checking, hidden Swiss bank accounts, everything. Check the loan maximums, at the back of the dept of book, you are going to need to know them, going to that school. It's very expensive.



I want to get a student loan through FAFSA, but what documents do i need?

You need to fill out the FAFSA application for student aid. They'll ask for income, tax information, etc. They don't care about your family's homes overseas, unless you're still legally supported by your parents (claimed as a dependent) on their taxes. If so, they'll need to report their income to the government in order for you to be considered for a loan.

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