How To Apply For SAVE Student Loan (How To Enroll/Sign Up For SAVE Student Loan). In this video tutorial I will show you how to apply for SAVE Student Loan.
Helpful Links and Content:
Visit:
https://www.studentaid.gov/fsa-id/sign-in/landing
Visit:
https://www.studentAid.gov/create-account
Visit:
https://www.studentAid.gov/idr
1. First, open your preferred browser and visit the Federal Student Aid website at studentaid.gov/fsa-id/sign-in/landing and sign in with your FSA ID. If you don’t have an FSA ID, you can create an account at studentAid.gov/create-account
You will need your email address and SSN (Social Security Number).
2. Next, head to studentAid.gov/idr for the IDR application. Here, you will fill in your personal and income information. The application permits the IRS to securely access your income information, allowing the Department of Education to adjust your yearly plan automatically.
3. Review your plan options and select the one that best suits you. The SAVE plan offers most borrowers the lowest monthly payments of any IDR plan. If you have undergraduate loans, it will also reduce your payments further in the summer of 2024.
4. Finally, after checking everything is correct, you can submit your application. You will receive an email confirming your submission. It will take your loan servicer up to four weeks to process your application.
The application process will take you about 10 minutes.
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