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In addition to NSLDS mentioned above, your FSA ID will grant you access to a number of other important websites for Education loan borrowers. Here’s a list of these sites, as well as some actions you can take on each.
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On May 10, the U.S. Department of Education plans to release a new Federal Student Aid ID feature. • The FSA ID will let students, borrowers and parents authenticate their identities across multiple FSA websites. • Previously, verifying someone’s identity was the job of the Federal Student Aid PIN, and as you would expect, that role is an important one. • On FSA websites, people can access their federal student aid information, as well as officially sign loan documents. The FSA ID will improve these processes in a number of ways.
It Will Fix PIN Problems • The Student Loan Ranger often directs borrowers to visit the National Student Loan Data System. • This is the government’s central database for all federal student loan information.
The PIN is the four-digit number that the borrower used when completing his or her Free Application for Federal Student Aid. • Considering the amount of time between filing that application and entering repayment, borrowers often lose track of that number and are confused when the NSLDS asks for it.
It Will Make Identification Improvements • The new FSA ID eliminates personal information from the login equation, though you will still need to provide your name, date of birth and Social Security number to create your ID. • To access your account, all you will have to do is select a username and password of your choosing, similar to how countless other websites handle authentication. • As with any other username or password, you should keep the information for your FSA ID in a safe place and avoid sharing it with anyone.
It's even better if you currently know your PIN. • When you register for your FSA ID, you will have the option to link your PIN to your new ID. • If you do this, you will be able to access FSA sites immediately with your new ID. • If you do not link your PIN during registration, you will have limited use of these sites until your personal information is confirmed.
In addition to NSLDS mentioned above, your FSA ID will grant you access to a number of other important websites for Education loan borrowers. Here’s a list of these sites, as well as some actions you can take on each. • FAFSA on the Web, which will allow you to apply for federal student loans. • Source: http://bit.ly/1zFtfwZ
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