Does the eligibility for any loans (federal or private) REQUIRE parent information on the fafsa or on the application for the loan?
To receive federal loans you need to file the FAFSA form at http://www.fafsa.ed.gov/. You do not need to include parent information on the FAFSA form if you only want to be awarded federal loan funding. We encourage students to include parent information so that they can be considered for all need based scholarship opportunities. For private bank loans, you do not need to file the fafsa form. In most cases, private banks do not require your parent information or request them as a co-signer. However, if you do not have credit or want to better your interest rate, usually a parent co-signer will be needed.
Related Questions
- Must a school determine a students eligibility for a subsidized Federal Stafford Loan before determining a parent borrowers eligibility for a Federal PLUS Loan?
- Does the eligibility for any loans (federal or private) REQUIRE parent information on the fafsa or on the application for the loan?
- Does Rose-Hulman require the Free Application for Federal Student Aid (FAFSA) or the Financial Aid Form (FAF)?
