It's best to complete your federal tax return early to have the data handy, but you can file the form before you actually file your taxes. You may then make corrections if necessary. Check it for accuracy, and follow the directions provided on the SAR to make corrections. The SAR is for your records. It also contains your previously borrowed federal loan amounts.
Student loans can only cover educational expenses that are considered non-discretionary.
They DON'T cover cars, credit card debt, nor vacation trips. Students borrow directly from the federal government through IU so the process is simpler and faster. You therefore do not need to complete a separate loan application. Interest does accrue while you are a student , so you either choose to pay the accruing interest quarterly, or have it added to the principal of your loan once you graduate or cease being at least a half-time student. Additional Unsubsidized Direct Loans Optometry students often need extra funds to pay for equipment, so additional Unsubsidized Direct Loan monies are available.