Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Applying for Student Loans and other Student Loan topics.
In an attempt to qualify for higher amounts of federal student aid, you may think you can make adjustments to the information you provide in your FAFSA. This is not wise. You should be aware the federal government has several steps in place to automatically verify the information you provide. First, your social security number is checked against the database of the Social Security Administration to verify your citizenship. They also check records available through the National Student Loan Data System (NSLDS) for defaulted student loans. This system allows them to check on grants and student loans you have received (along with any overpayments) and also provides information on the total amount you have borrowed to ensure you have not exceeded the maximum allowable amounts.
Guru Spotlight |
Jennifer Mathes, Ph.D. |