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20232024 Loan Authorization Financial Aid Offices, 1637 Lawson Street, Durham NC 27703 Phone 9195367209, Fax 9195367260, financialaid@durhamtech.edu Your financial aid file must be completed before

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How to fill out 2023-2024 loan authorization

01

Review the loan authorization form for the 2023-2024 school year

02

Fill out your personal information, including name, address, and contact details

03

Provide details about your education, such as your school or program of study

04

Indicate the amount of loan you are requesting for the upcoming school year

05

Sign and date the form to certify the information is accurate

06

Submit the completed form to the appropriate financial aid office

Who needs 2023-2024 loan authorization?

01

Students who require financial assistance for the 2023-2024 school year

02

Individuals looking to fund their education through a loan

03

Anyone attending a college or university and in need of additional financial support

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What is loan authorization?

Loan authorization is the process of obtaining permission to borrow a sum of money from a lender.

Who is required to file loan authorization?

Any individual or entity looking to secure a loan from a financial institution is required to file a loan authorization.

How to fill out loan authorization?

To fill out a loan authorization, one must provide accurate information about the requested loan amount, purpose of the loan, repayment terms, and personal or business financial details.

What is the purpose of loan authorization?

The purpose of loan authorization is to formalize the agreement between the borrower and the lender, outlining the terms and conditions of the loan.

What information must be reported on loan authorization?

Information such as borrower's name, loan amount, interest rate, repayment schedule, collateral details, and lender's information must be reported on a loan authorization.

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