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20162017 Federal Direct Stafford Loan Instructions Loan applications may be completed after your financial aid has been awarded, and you are registered for a minimum of 6 credit hours for the applicable
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Loan applications may be the formal request to a financial institution to borrow money for a specific purpose.
Individuals or businesses looking to borrow money from a financial institution are required to file loan applications.
Loan applications may be filled out by providing personal or business financial information, details about the purpose of the loan, and any collateral that may be used to secure the loan.
The purpose of loan applications may be to provide the financial institution with necessary information to evaluate the borrower's creditworthiness and determine the terms of the loan.
Information such as personal or business financial statements, tax returns, credit history, and details about the purpose of the loan must be reported on loan applications.
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