What Information is Needed to Apply for a Student Loan?

Flickr user frankieleon

There are a lot of famous sayings and phrases about preparation. “Fortune favors the prepared” and “Failing to plan is planning to fail” chief among them. So, it always pays to be prepared. If you’re planning on taking out a student loan, be sure to do plenty of research, and go in with these bits of information in hand!

Information You’ll Need for a Student Loan

  • Full name, date of birth, phone number, Social Security Number
  • Permanent address (and years lived there)
  • Monthly rent rate or housing payment
  • Current occupation, name of employer, phone number/email of employer, length of time you’ve worked there
  • Gross annual income
  • Contact information for reference(s)
  • Name of school you’re taking out the loan out for
  • Name, contact information, SSN, and employment information for co-signer (if applicable)
  • FAFSA form (if applying for a federal loan)

Federal and Private Loans

Depending on where you are getting the loan from, and whether it’s a federal or private source, there might be additional information required of you—or you might not even need everything on this list. It’s far better to over-prepare and not need something, than to not prepare at all and find yourself scrambling to get the information. Save yourself time and a headache by doing your homework

Use College Raptor to discover personalized college matches, cost estimates, acceptance odds, and potential financial aid for schools around the US—for FREE!

 

Lender Rates (APR) Eligibility
Sallie Mae logo.
1.25% to 11.35%1 Variable
4.25% to 12.59%1 Fixed
Undergraduate and Graduate
VISIT SALLIE MAE
Credibe company logo.
1.04% to 13.19% Variable
3.34% to 14.50% Fixed
Undergraduate and Graduate
VISIT CREDIBLE
Lendkey company logo.
1.49% to 11.10% Variable >800 FICO
3.99% to 14.50% Fixed
Undergraduate and Graduate
VISIT LENDKEY
Ascent company logo.
2.44% to 12.39% Variable
3.38% to 13.72% Fixed
Undergraduate and Graduate
VISIT ASCENT
College Ave company logo.
1.04% to 11.98% Variable
3.34% to 12.99% Fixed
Undergraduate and Graduate
VISIT COLLEGE AVE
3.52% to 5.50% Variable
4.60% to 6.85% Fixed
Undergraduate and Graduate
VISIT IOWA STUDENT LOAN
Earnest company logo.
1.24% to 11.44% Variable
3.49% to 12.78% Fixed
Undergraduate and Graduate
VISIT EARNEST
1Variable interest rates start from 4.12% APR to 10.98% APR. We also offer fixed interest rates from 5.74% APR to 11.85% APR. Click here for important information. Terms, conditions, and limitations apply.
College Raptor is not a loan lender and does not assume responsibility for suggesting a loan to a user who may not be eligible for it. Rates, terms, conditions, eligibility, approval, and other considerations are the decisions of the lenders and may vary depending on which lender or marketplace the user selects. We urge users to carefully consider and review all loan options and terms before committing to taking out a loan.

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