Get the free 2012–2013 Federal Direct Parent PLUS Loan Request Form - usc
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This form is for parents wishing to borrow a Federal Direct Parent PLUS Loan for their child's academic year of 2012-2013. It includes instructions for submission and eligibility requirements.
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How to fill out 20122013 federal direct parent
How to fill out 2012–2013 Federal Direct Parent PLUS Loan Request Form
01
Obtain the 2012-2013 Federal Direct Parent PLUS Loan Request Form from the financial aid office or download it from the FAFSA website.
02
Fill in the student's information, including their name, Social Security number, and school identification number.
03
Provide the parent's information, including name, Social Security number, and contact details.
04
Specify the loan amount requested, ensuring it does not exceed the cost of attendance minus any other financial aid received.
05
Review and sign the form, confirming that all information is accurate and that you understand the terms of the loan.
06
Submit the completed form to the school's financial aid office by the specified deadline.
Who needs 2012–2013 Federal Direct Parent PLUS Loan Request Form?
01
Parents of dependent undergraduate students who wish to help finance their child's education through federal loans.
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People Also Ask about
Is a parent PLUS loan forgiven if the parent dies?
No, it is not possible to inherit debt. No one, not your grandparents or parents, can sign you into a debt obligation. That said, if a relative dies in debt, their property (ie their estate) will be used to settle that debt before any inheritance is distributed.
What is the loophole for parent plus borrowers?
In addition, parent PLUS loans aren't eligible for some other types of federal student loan forgiveness programs. To get around this, some borrowers go through two or more federal consolidations to hide the origin of the loans, then request an IDR plan. This process is often called the double consolidation loophole.
Is it hard to get approved for the parent PLUS loan?
Unless you have current collections it's pretty easy to get approved for a parent loan, your credit score is fine. If you're declined you can appeal and prove you've paid off anything.
What is federal direct parent PLUS loan request?
Federal Direct PLUS loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. You must complete a new Direct PLUS Application for each year you wish to receive a parent PLUS loan.
Do children inherit their parents' student loan debt?
The Education Department doesn't forgive loan balances for parents when they retire. It will keep sending bills and adding interest until you pay off the debt, die or become totally and permanently disabled, or qualify for one of the department's student loan forgiveness programs.
Do parent plus loans get forgiven when a parent dies?
Parent PLUS loans are discharged upon the death of the borrower (the parent). Upon your father's passing, you would need to submit a copy of his death certificate to the loan servicer to initiate the discharge process. Contact the loan servicer for guidance and assistance when the time comes.
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What is 2012–2013 Federal Direct Parent PLUS Loan Request Form?
The 2012–2013 Federal Direct Parent PLUS Loan Request Form is a document that parents must complete to apply for a Parent PLUS Loan to help pay for their dependent child's education expenses.
Who is required to file 2012–2013 Federal Direct Parent PLUS Loan Request Form?
Parents of dependent undergraduate students who wish to borrow a Parent PLUS Loan on behalf of their child are required to file this form.
How to fill out 2012–2013 Federal Direct Parent PLUS Loan Request Form?
To fill out the form, parents should provide their personal information, the child's information, the desired loan amount, and necessary financial details, ensuring that all required fields are completed accurately.
What is the purpose of 2012–2013 Federal Direct Parent PLUS Loan Request Form?
The purpose of the form is to authorize the U.S. Department of Education to process a loan for parents to help finance their child's college education.
What information must be reported on 2012–2013 Federal Direct Parent PLUS Loan Request Form?
The form requires personal identification details of the parent borrower, information about the student, the amount of loan requested, and a credit check authorization.
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