Loan-Application Data for Stafford Loans

Discuss the purpose of loan-application data and offer important tips for completing it:

  • The loan-application data will help lenders, servicers, guarantors and financial-aid administrators locate students.
  • Student-borrower information and references provided on the loan application must be legible.
  • The address on the loan application must be the borrower's permanent address, where the borrower can be contacted when the time comes to repay the loan. You also should collect the borrower's e-mail address.