The first step in applying for Federal Direct Loan is to complete the Free Application for Federal Student Aid (FAFSA).
You can fill out and submit this form online at www.fafsa.ed.gov.
FAFSA is a yearly application; hence you have to reapply for Federal Direct Loan Program every year.
AUB will not charge any fees of any kind, to student or parent borrowers for loan application, or loan origination activities, or the provision and processing of any information necessary for a student or parent to receive a loan under Part D of Title IV of the HEA.
To be certain you are considered for the program, please be sure to complete and submit your FAFSA by May 31, 2019 if you are applying for academic year 2019-2020.
In order for the Office of Financial Aid to receive this information once it has been processed, you will need to include AUB college code (G08371) in the college release section.
You can submit a FAFSA as early as October 1 every year.
New applicants using FAFSA on the web should create Federal Student Aid ID (FSA ID) which allows you (and your parents) to "sign" your FAFSA electronically. The FSA ID may be created at https://fsaid.ed.gov
any time before you complete and submit your FAFSA.
Completing the FAFSA
What information do you need to complete FAFSA accurately?
- Your Social Security number and your parents’ Social Security numbers, if you’re a dependent student.
- 2017 W-2 forms and other records of money earned (by you and by your parents, if you’re a dependent student).
- Your 2017 Federal Income Tax Return (and that of your spouse, if you’re married).
- Your parents’ 2017 Federal Income Tax Return (if you’re a dependent student).
- Any foreign tax return or tax return from Puerto Rico.
- Your 2017 untaxed income records—examples include Social Security benefits, welfare benefits such as Temporary Assistance to Needy Families (TANF) and veteran benefits.
- Your current bank statements, business and investment mortgage information; business and farm records; and stock, bond and other investment records.
- Your alien registration number (if you are not a U.S. citizen).
If possible, have the necessary 2017 income tax returns finished so you can complete the FAFSA more easily and accurately. If you apply before your tax return has been completed, you’ll have a two-step application process:
- Step One: Apply and estimate your tax information on your application.
- Step Two: Make corrections later if your estimated income or tax information was not accurate.
You cannot receive federal student aid unless all your information is complete and accurate.
Please read the FAFSA instructions very carefully and Pay close attention to questions on income because most errors occur in that area.
To complete your FAFSA for subsequent years:
In January 2019, you’ll receive an e-mail reminding you to apply for the 2019- 2020 award year.
- You will need your FSA ID to access your 2018–2019 FAFSA on the Web populated with your data. If you prefer to complete a paper application, you will have to provide all your information all over again.
- Review the information on your FAFSA and change or add information as needed, sign and submit it.
- You’ll then receive your Student Aid Report (SAR) containing your application results.
- Review your SAR to make sure all your information is correct.
- Check with the Office of Financial Aid – International Student Aid (firstname.lastname@example.org), or contact the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243) if you have questions about the FAFSA process for subsequent years.