Department of Education e-signature requirements.
Learn more about how the U.S. Department of Education defines e-signatures, and how you can use one to keep your college documents moving.
Between course schedules, tuition payments, rental agreements, and more, the start of college can suddenly feel like a lot of paperwork at once. Thankfully, electronic signatures can help facilitate faster processes, especially in the case of your student loans or other financial aid. If you’re new to this type of digital signing, you might be wondering, how does the U.S. Department of Education make an electronic signature? Keep reading to learn how to create your own so you can keep your school documents moving.
Definition of an e-signature.
“Electronic signature” is a broad term referring to any electronic process that creates a legally binding document between two or more parties. In some cases, your e-signature will simply replace your handwritten signature. In others, an e-signature may take on a slightly different look.
The Department of Education defines and accepts five different options for e-signatures when you’re signing financial documents such as student loans/promissory notes or other types of financial aid.
These options are:
- An image of your signature.
- A password that’s unique to you, such as a personal identification number (PIN).
- A credential or token provided to you by a third party, such as a cryptographic keycard or one-time password device.
- A computer file that corresponds with a biometric measurement uniquely associated with you.
- Your typed name, combined with any one of the options above.
No matter how you sign, electronic signatures are a safe, secure way to sign your documents — and they’re incredibly efficient, too, so you can spend less time worrying about paperwork and spend more time focusing on school.
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