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This form is used for applying to the Federal Direct PLUS Loan program, which requires personal and financial information to determine eligibility.
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How to fill out 2012-2013 Federal Direct PLUS Loan Supplemental Information Form and Consent to Obtain Credit Report

01
Obtain the 2012-2013 Federal Direct PLUS Loan Supplemental Information Form from the U.S. Department of Education website or your school's financial aid office.
02
Fill in your personal information at the top of the form, including your name, address, social security number, and date of birth.
03
Indicate the type of loan you are applying for and provide the names of the dependent undergraduate students for whom the PLUS Loan is intended.
04
Answer all questions regarding your credit history accurately, including any bankruptcies or delinquencies.
05
Review the consent to obtain credit report section and provide your signature and date at the bottom of the form.
06
Make a copy of the completed form for your records before submitting it to the appropriate financial aid office.

Who needs 2012-2013 Federal Direct PLUS Loan Supplemental Information Form and Consent to Obtain Credit Report?

01
Parents of dependent undergraduate students who wish to borrow a Federal Direct PLUS Loan to help pay for their child's college education.
02
Graduate or professional students who are applying for a PLUS Loan for themselves to fund their own education.
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People Also Ask about

Only the parent borrower is required to pay back a Parent PLUS Loan, as only the parent signed the master promissory note for the Parent PLUS Loan. The student is not responsible for repaying a Parent PLUS Loan. They're under no legal obligation to do so.
If you request a deferment, you will not need to make payments while your child is enrolled at least half-time and for an additional six months after your child graduates, leaves school, or drops below half-time enrollment.
Drawbacks of the Parent PLUS Loan Discharge: Federal parent PLUS loans are rarely discharged for financial difficulties resulting from unemployment, age-related or other illnesses and injuries, or bankruptcy. Nontransferable: Parents cannot transfer the PLUS loan to their student to repay after they finish school.
After July 1, 2026, Republicans plan to end the grad PLUS loan program for graduate school borrowers as well as subsidized loans for undergraduate borrowers, where the government covers interest on the loans while the borrower is still enrolled in school.
Your parent PLUS loan may be discharged if you (not the child) become totally and permanently disabled, die, or (in some cases) file for bankruptcy. Your parent PLUS loan also may be discharged if the student for whom you borrowed dies.

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The 2012-2013 Federal Direct PLUS Loan Supplemental Information Form is a document that borrowers use to provide additional information and consent for the U.S. Department of Education to obtain a credit report as part of the loan application process.
Parents of dependent undergraduate students or graduate/professional students who are applying for a Federal Direct PLUS Loan are required to file this form.
To fill out the form, borrowers need to provide their personal information, including name, Social Security number, and financial information. They also need to review and sign the consent section allowing the Department of Education to obtain their credit report.
The purpose of the form is to collect necessary financial and personal information from borrowers and to get their permission to check their credit history, which is crucial for assessing their eligibility for the PLUS Loan.
The form requires reporting personal identification information, financial information such as income, and consent for a credit check, along with other relevant details that may affect loan eligibility.
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