Get the free Federal Direct Plus Loan Data Sheet -- Summer 2012 - ncat
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This form is used by parents to request an additional loan amount under the Federal Direct PLUS Loan program for Summer 2012 for their child attending North Carolina A&T State University.
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How to fill out federal direct plus loan
How to fill out Federal Direct Plus Loan Data Sheet -- Summer 2012
01
Gather necessary personal information including Social Security number, driver's license number, and income details.
02
Download the Federal Direct Plus Loan Data Sheet from the official website or obtain a physical copy from the financial aid office.
03
Fill in your full name and address in the designated fields.
04
Provide information about the student for whom the loan is being obtained, including their Social Security number and school information.
05
Indicate the desired loan amount and specify the term (Summer 2012) in the appropriate section.
06
Review the eligibility requirements and confirm that you meet them.
07
Sign and date the form to certify that all provided information is accurate.
08
Submit the completed form to the financial aid office by the specified deadline.
Who needs Federal Direct Plus Loan Data Sheet -- Summer 2012?
01
Parents of dependent undergraduate students who are enrolled at least half-time in a degree program and need additional financial support.
02
Graduate or professional students who require additional funding to cover educational expenses for the Summer 2012 term.
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People Also Ask about
Is a direct PLUS loan a good idea?
While these loans might seem like an easy way for parents to help their child with education costs, in far too many cases, they put the parent's financial security and retirement at risk.
Can I get a parent PLUS loan for summer semester?
Yes, you can borrow a Parent PLUS Loan each semester your dependent student is enrolled. It's not limited to a certain number of semesters per academic year.
What are the limitations of a direct PLUS loan?
You may not borrow more than $18,500 (maximum $8,500 subsidized) for an academic year. (Certain health professions students may receive increased Direct Unsubsidized Loan amounts.)
Is the parent plus loan based on semester or year?
We recommend that parents calculate their PLUS Loan amount for the entire academic year. If borrowing a “full year” PLUS Loan, the amount must be equally divided between the fall and spring semesters.
What is a federal PLUS loan?
What Are Some Reasons to Avoid PLUS Loans? First, PLUS loans have no automatic grace period. Then there's the fact they aren't eligible for most IDR plans. Then, borrowing too much is easy to do, and finally, they're nearly impossible to get out of, even in bankruptcy.
Can I get a parent plus loan for summer?
There is no deadline for the Parent PLUS loan (minus that it needs to be applied to prior to the end of the academic year). You can apply for the loan throughout the academic year. I would more check when the bill needs to be satisfied by, aka a plan (loan, payment plan, etc.) in place.
What is the difference between a federal direct loan and a federal direct PLUS loan?
Direct Subsidized/Unsubsidized Loans have a lower fixed interest rate (6.8%) than Direct PLUS Loans (7.9%), and no interest is charged on Direct Subsidized Loans while you are in school at least half-time or during grace and deferment periods. Interest is charged on Direct PLUS Loans during all periods.
What is the difference between a direct loan and a direct PLUS loan?
Like Direct Subsidized and Unsubsidized Loans, these loans have a fixed interest rate. Note that Direct PLUS loans are unsubsidized, meaning that interest accrues throughout the life of the loan, including while the student is enrolled in school.
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What is Federal Direct Plus Loan Data Sheet -- Summer 2012?
The Federal Direct Plus Loan Data Sheet for Summer 2012 is a document used by parents of dependent students to apply for and manage Federal Direct PLUS Loans, which help cover educational costs.
Who is required to file Federal Direct Plus Loan Data Sheet -- Summer 2012?
Parents of dependent undergraduate students who wish to borrow a Federal Direct PLUS Loan for their child's education are required to file the Federal Direct Plus Loan Data Sheet for Summer 2012.
How to fill out Federal Direct Plus Loan Data Sheet -- Summer 2012?
To fill out the Federal Direct Plus Loan Data Sheet for Summer 2012, applicants need to provide personal identification information, the student's information, the loan amount requested, and consent to a credit check.
What is the purpose of Federal Direct Plus Loan Data Sheet -- Summer 2012?
The purpose of the Federal Direct Plus Loan Data Sheet for Summer 2012 is to facilitate the application process for thePLUS Loan and to collect necessary information for loan approval.
What information must be reported on Federal Direct Plus Loan Data Sheet -- Summer 2012?
Information that must be reported includes the borrower's Social Security number, the student's Social Security number, loan amount requested, and any outstanding debts or credit responsibilities.
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