Get the free 2011/2012 Federal Direct Graduate PLUS Loan Application - pdx
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This document is an application for Federal Direct Graduate PLUS loans, providing necessary information for graduate students at Portland State University to secure financial aid and outlining eligibility
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How to fill out 20112012 federal direct graduate
How to fill out 2011/2012 Federal Direct Graduate PLUS Loan Application
01
Visit the Federal Student Aid website.
02
Log in using your FSA ID.
03
Select the option for Graduate PLUS Loan application.
04
Fill out your personal information including your Social Security number, date of birth, and address.
05
Provide information about your school, including the name and address.
06
Enter the loan amount you wish to borrow.
07
Review and confirm your application details.
08
Submit your application.
09
Await notification regarding the approval status of your loan.
Who needs 2011/2012 Federal Direct Graduate PLUS Loan Application?
01
Graduate students enrolled in a degree program or certificate program.
02
Students who require additional funding beyond their federal student loans.
03
Those who meet the credit criteria set by the federal government.
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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.
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.)
What are the disadvantages of a direct PLUS loan?
If you need to make any future adjustments to loan amounts, you must submit a completed and signed GRAD PLUS Loan Change form to the Financial Aid Office for processing.
Are direct grad plus loans eligible for forgiveness?
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.
Is direct PLUS loan the same as grad plus loan?
Yes. Direct PLUS Loans are made to graduate or professional students and to parents of dependent undergraduate students. Like other Direct Loans, Direct PLUS Loans are eligible for PSLF. However, there are additional factors to consider if you are a parent who has taken out a PLUS loan.
Who is responsible for paying back a parent PLUS loan?
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.
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What is 2011/2012 Federal Direct Graduate PLUS Loan Application?
The 2011/2012 Federal Direct Graduate PLUS Loan Application is a form used by graduate or professional students to apply for a type of federal student loan designed to help cover the costs of their education, including tuition and other related expenses.
Who is required to file 2011/2012 Federal Direct Graduate PLUS Loan Application?
Graduate or professional students who wish to borrow funds to help pay for their educational costs are required to file the 2011/2012 Federal Direct Graduate PLUS Loan Application.
How to fill out 2011/2012 Federal Direct Graduate PLUS Loan Application?
To fill out the 2011/2012 Federal Direct Graduate PLUS Loan Application, students need to complete the online application through the Federal Student Aid website, provide personal and financial information, and submit the application for processing by the school.
What is the purpose of 2011/2012 Federal Direct Graduate PLUS Loan Application?
The purpose of the 2011/2012 Federal Direct Graduate PLUS Loan Application is to allow eligible graduate or professional students to apply for loans that cover costs not met by other financial aid, helping to finance their education.
What information must be reported on 2011/2012 Federal Direct Graduate PLUS Loan Application?
The information that must be reported on the 2011/2012 Federal Direct Graduate PLUS Loan Application includes personal identification details, Social Security number, financial information including income and assets, and information about the educational institution attended.
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