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This document is an application form for parents to apply for a Federal Parent PLUS Loan to support their child's education at Ashland University.
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How to fill out parent plus loan application

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How to fill out Parent PLUS Loan Application

01
Visit the Federal Student Aid website.
02
Log in with your FSA ID or create one if you don't have it.
03
Navigate to the Direct PLUS Loan application section.
04
Select 'Parent PLUS Loan' to start the application process.
05
Fill out your personal information, including your Social Security number and other identification details.
06
Provide your child's information, including their name, school, and student ID if applicable.
07
Indicate the loan amount you wish to borrow.
08
Review the borrowing terms and conditions.
09
Sign the application digitally using your FSA ID.
10
Submit the application and await confirmation and further instructions.

Who needs Parent PLUS Loan Application?

01
Parents of dependent undergraduate students who need additional financial support.
02
Parents looking to cover education costs that exceed financial aid offered to the student.
03
Guardians or legal guardians of dependent undergraduate students who seek to finance their education.
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People Also Ask about

PLUS loans don't require good credit, making them an ideal option for low-credit borrowers. However, you can't have an adverse credit history, such as bankruptcies or loan defaults within the past five years.
If you're a parent or graduate student seeking a Direct PLUS Loan, one of the requirements to qualify is that you must not have an adverse credit history. If your application is denied because of an adverse credit history, don't give up. You still have options.
Adverse Credit History Credit history is a major factor in being approved for this loan. To qualify for a PLUS loan, you cannot have an adverse credit history. Credit history is a summary of your financial strength, including your history of paying bills and your ability to repay future loans.
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.
One of the biggest benefits of Parent PLUS Loans is that they allow parents to borrow up to the cost of attendance to help their child pay for college. Another pro is that there are no minimum credit score requirements.

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The Parent PLUS Loan Application is a process through which parents of dependent undergraduate students can apply for federal loans to help pay for their child's college education expenses.
Parents of dependent undergraduate students who wish to borrow funds to cover educational costs must file the Parent PLUS Loan Application.
To fill out the Parent PLUS Loan Application, parents should complete the Free Application for Federal Student Aid (FAFSA) first, then visit the U.S. Department of Education's website to access the Parent PLUS Loan Application form and provide necessary information.
The purpose of the Parent PLUS Loan Application is to allow parents to borrow money to help cover their child's education costs that are not met by other forms of financial aid.
Parents must report their personal information, financial information, and details about the student, including the student's school and the amount of the loan they wish to borrow.
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