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This document is a pre-application form for parents wishing to apply for a Federal Direct Parent PLUS Loan for the 2009-2010 academic year, including borrower information, student information, and
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How to fill out 2009 2010 federal direct
How to fill out 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application
01
Visit the Federal Student Aid website.
02
Navigate to the Parent PLUS Loan section.
03
Download the 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application form.
04
Fill out the personal information fields, including your name, address, and Social Security number.
05
Provide your child's information, including their name and school details.
06
Indicate the loan amount you wish to borrow.
07
Review your application for accuracy.
08
Submit the completed form as directed on the website or application instructions.
Who needs 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application?
01
Parents of dependent undergraduate students who need financial assistance to cover the cost of their child's education.
02
Parents looking for a way to help pay for college when other financial aid options are insufficient.
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People Also Ask about
What is the difference between a direct PLUS loan and a parent PLUS loan?
Note: A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student. Begin your Direct PLUS Loans application online.
What are the disadvantages of a direct PLUS loan?
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.
What are the disadvantages of a direct 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.
What disqualifies you from a parent PLUS loan?
Direct PLUS Loans for Parents These loans are eligible for PSLF only if they've been consolidated into a Direct Consolidation Loan and are being repaid under the Income-Contingent Repayment (ICR) plan.
Is direct PLUS loan the same as parent 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.
What is the loophole in parent plus loans?
The Double Consolidation Loophole for Parent PLUS Loans is a strategy that reduces your monthly payments through better income-driven repayment plans (such as PAYE, IBR, or SAVE) achieved by consolidating your loans twice. This step-by-step guide explains how to: Check if your loans qualify.
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.
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What is 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application?
The 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application is a form that allows parents to apply for a loan to help pay for their child's education expenses at eligible schools.
Who is required to file 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application?
Parents of dependent undergraduate students who wish to borrow money to help cover their child's educational costs are required to file the pre-application.
How to fill out 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application?
To fill out the pre-application, parents need to provide personal and financial information, including their Social Security number, income, and information about the student and the school.
What is the purpose of 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application?
The purpose of the pre-application is to determine the parent's eligibility for the Parent PLUS loan and to assess the borrowing limit based on the school's cost of attendance and the student's financial aid package.
What information must be reported on 2009 – 2010 Federal Direct Parent PLUS Loan Pre-Application?
The information that must be reported includes the parent's financial information, the student's information (such as name and Social Security number), and details about the school and the intended loan amount.
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