Borrowing Money for School

How to Apply for Guaranteed Student Loans

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In Brief...

The high cost of tuition, room, board and other college expenses leaves many students needing to borrow money to pay for their education. You cannot submit the application for a school year until January 1 of the year in which the school year is set to begin. For example, you can submit a FAFSA for the 2011-2012 school year starting on January 1, 2011.. For example, to receive financial aid for the 2011-2012 school year, the FAFSA is due on June 30, 2012. In addition, your school must receive the information on the FAFSA by the last day of enrollment for the school year, so you might have an earlier deadline if your school is out before June 30..

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