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Office of Enrollment Management
20172018 FEDERAL DIRECT PARENT PLUS LOAN APPLICATION
If you wish to apply for the Federal Direct Parent PLUS Loan for the 20172018 academic year, you must complete
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How to fill out lsu parent plus loan
How to Fill Out LSU Parent PLUS Loan:
01
Gather necessary information: Before starting the application, make sure you have all the required documents and information ready. This includes your social security number, driver's license or government-issued ID, financial information such as tax returns or W-2 forms, and the student's LSU ID number.
02
Access the online application: Visit the official website of the U.S. Department of Education's Federal Student Aid (FAFSA) and log in using your FSA ID. If you don't have an FSA ID, create one by following the instructions provided. Once logged in, select "Apply for a PLUS Loan" and choose the "Parent PLUS" option.
03
Complete the loan request: Follow the prompts provided in the application to enter the necessary information, including the loan amount you wish to request. Ensure that you carefully review and accurately input all the required details.
04
Sign the Master Promissory Note (MPN): After submitting the loan request, you will need to sign the MPN electronically. This legal document outlines the terms and conditions of the loan and your responsibilities as a borrower. Read the document carefully and provide the required electronic signature.
05
Await credit check and approval: Upon completing the application and signing the MPN, a credit check will be conducted by the Department of Education. The loan approval is contingent upon passing this credit check. If approved, you will receive a confirmation notification.
06
Complete the PLUS Loan Counseling: If you are a first-time Parent PLUS Loan borrower at LSU, you must complete the online PLUS Loan Counseling. This helps you understand the responsibilities associated with the loan and ensures you are informed about borrowing regulations and repayment options.
Who Needs LSU Parent PLUS Loan:
01
Parents of dependent undergraduate students: The LSU Parent PLUS Loan is specifically designed for parents who have dependent undergraduate students enrolled at LSU. This loan helps cover educational expenses that are not fully met by other financial aid options.
02
Parents with financial need: Parent PLUS Loans are available to parents who demonstrate financial need; however, they are not solely based on financial need. The loan amount can vary depending on the cost of attendance, other financial aid received, and the parents' ability to repay the loan.
03
Parents seeking additional funding options: If parents have exhausted other financial resources, such as federal student loans and scholarships, the LSU Parent PLUS Loan can serve as an additional funding option to bridge the gap in covering educational costs.
Overall, the LSU Parent PLUS Loan enables parents to support their children's educational pursuits at LSU by providing additional financial assistance when other forms of financial aid fall short. It is essential to understand the loan application process and meet the eligibility requirements to successfully fill out the loan application and secure the necessary funds.
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What is lsu parent plus loan?
The LSU Parent Plus Loan is a federal student loan available to parents of dependent undergraduate students to help cover the cost of college.
Who is required to file lsu parent plus loan?
Parents of dependent undergraduate students are required to file the LSU Parent Plus Loan.
How to fill out lsu parent plus loan?
To fill out the LSU Parent Plus Loan, parents can visit the official website of the Department of Education or contact the financial aid office at LSU for assistance.
What is the purpose of lsu parent plus loan?
The purpose of the LSU Parent Plus Loan is to provide financial assistance to parents of dependent undergraduate students to help cover the cost of college education.
What information must be reported on lsu parent plus loan?
Parents must report their personal and financial information, as well as the student's information and the amount needed to cover educational expenses.
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