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This form is used by parents to apply for the Federal Direct PLUS Loan, which assists with educational expenses for dependent students. It contains eligibility criteria, loan details, and application
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How to fill out federal direct parent loan
How to fill out Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form
01
Obtain the Federal Direct Parent Loan for Undergraduate Students (PLUS) Request Form for the 2010-2011 academic year.
02
Complete the personal information section, including the borrower's name, address, and Social Security number.
03
Provide information about the student, including their name, student ID, and school name.
04
Indicate the amount of loan requested and the academic period for which the loan is needed.
05
Review the loan terms and conditions provided on the form.
06
Sign and date the form to certify that all information is accurate and that you agree to the loan terms.
07
Submit the completed form to the school's financial aid office or the designated loan processor.
Who needs Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form?
01
Parents of undergraduate students who are enrolled at least half-time and need additional financial assistance to cover education costs.
02
Parents who have applied for and are not eligible for other types of federal student aid.
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People Also Ask about
How hard is it to get approved for a parent PLUS loan?
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.
What disqualifies you from a parent 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 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.
Why would someone be denied a parent PLUS loan?
In general, you will be denied if you have adverse credit consisting of any of the following: Bankruptcy discharge within the past five years. Voluntary surrender of personal property to avoid repossession within the last five years. Collateral repossession within the past five years.
Do you have to pay back a 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.
Do you have to pay back a direct parent PLUS loan?
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.
Who doesn't qualify for a parent PLUS loan?
To be eligible for a Direct PLUS Loan for parents, you must be a biological or adoptive parent (or in some cases a stepparent), not have an adverse credit history, and meet the general eligibility requirements for federal student aid (which the child must meet as well).
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What is Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form?
The Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form is a document used by parents to apply for a federal loan to help pay for their child's college education expenses.
Who is required to file Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form?
Parents of dependent undergraduate students who wish to borrow money to help cover college costs are required to file this form.
How to fill out Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form?
To fill out the form, parents should provide their personal information, the student's information, details about the loan amount they wish to borrow, and sign the form as required.
What is the purpose of Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form?
The purpose of the form is to apply for a PLUS loan, which enables parents to borrow funds to help pay for their dependent student's education costs.
What information must be reported on Federal Direct Parent Loan for Undergraduate Students (PLUS) 2010-2011 Request Form?
The form requires details like the parent borrower's name, social security number, address, the student's name and school, the loan amount requested, and information regarding the borrower's income and credit history.
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