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Information on mortgages, home equity loans, and consumer credit to help you use the power of financing to your advantage.
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Loans > Student Loans
Federal Student Financial Aid Deadlines
The 2004-2005 School Year (July 1st, 2004 - June 30th, 2005):
• FAFSA on the Web, Renewal FAFSA on the Web, and applications must be submitted by midnight Central Daylight time, June 30, 2005.
• Corrections on the Web forms must be submitted by midnight Central Daylight time, September 17, 2005.
The 2005-2006 School Year (July 1st, 2005 - June 30th, 2006):
• FAFSA on the Web, Renewal FAFSA on the Web, and applications must be submitted by midnight Central Daylight time, June 30, 2006.
• Corrections on the Web forms must be submitted by midnight Central Daylight time, September 18, 2006.
It is important to note the type of deadline you are up against. Ask your school about their definition of an application deadline, whether it is the receipt date and time or the process date and time of the application. The Department of Education considers an application's receipt date and time to be when the application/correction has been successfully submitted. The last page of the online application/correction submission process is therefore called the "Confirmation Page". It contains a 22 (if an application) or 30 (if a correction) character long "Confirmation Number". This number contains the exact date and time (Central Standard Time) the form was received. It is recommended you print this for your records.
Note: Transactions must be completed and accepted by midnight to meet the deadline. If transmissions are started before midnight but are not completed until after midnight, those transmissions will not meet the deadline. In addition, any transmission picked up on the deadline date that gets rejected may not be able to be reprocessed because the deadline will have passed by the time the user gets the information notifying him/her of the reject.
The tips on this website should be considered food for thought only. Lendingtips.com is a clearinghouse of ideas, not a professional adviser. Before any important decision, please consult the appropriate professionals (lawyer, accountant, real estate agency, broker etc.).
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• Loans > Student Loan Articles Archive
• Amortizing Loan Calculator Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment!
• Loan Prequalification Calculator Use this calculator as your first step in determining your ability to qualify for a loan.
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