Get the free 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FOR...
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This form is used by parents to change the disbursement amount or cancel disbursement of the Federal Direct Parent PLUS Loan for undergraduate students.
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How to fill out 2012-13 federal direct parent
How to fill out 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM
01
Obtain the 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM from the official website or your loan servicer.
02
Fill in your personal information at the top of the form, including your name, address, and Social Security number.
03
Indicate the student's information for whom the loan was taken, including their name and college identification number.
04
Specify the changes you wish to make regarding the loan, such as changes in loan amount or loan terms.
05
Provide any additional required information or documentation as requested on the form.
06
Review the completed form to ensure all information is accurate and complete.
07
Sign and date the form to certify that the information provided is true and accurate.
08
Submit the completed form to your loan servicer by mail or through their online portal, if applicable.
Who needs 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM?
01
Parents of undergraduate students who have previously taken out a Federal Direct PLUS Loan and need to make changes to the loan details.
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People Also Ask about
What is the difference between a parent PLUS loan and a direct 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.
How to change parent PLUS loan to student?
Can the loan be transferred to the student? No, a Direct PLUS Loan made to a parent cannot be transferred to the child. You, the parent borrower, are legally responsible for repaying the loan.
Is there a way to get out of a parent PLUS loan?
One way to have your parent PLUS loans forgiven is by enrolling in an Income-Contingent Repayment plan (ICR). Just like other income-driven repayment plans, this plan calculates your monthly payment based on a percentage of your disposable income and allows you to pay off the loan over a longer period of time.
Is there any forgiveness for parent PLUS loans?
Parent PLUS loan borrowers may also be able to qualify for student loan debt relief through other types of forgiveness programs and discharges, including closed school discharge, bankruptcy, disability, and death. Learn more about Parent PLUS loan discharge on the Federal Student Aid website.
What is the double consolidation loophole for IBR?
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.
Is there a loophole for parent PLUS loans?
In addition, parent PLUS loans aren't eligible for some other types of federal student loan forgiveness programs. To get around this, some borrowers go through two or more federal consolidations to hide the origin of the loans, then request an IDR plan. This process is often called the double consolidation loophole.
What is the loophole in parent PLUS loans?
In addition, parent PLUS loans aren't eligible for some other types of federal student loan forgiveness programs. To get around this, some borrowers go through two or more federal consolidations to hide the origin of the loans, then request an IDR plan. This process is often called the double consolidation loophole.
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What is 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM?
The 2012-13 Federal Direct Parent Loan for Undergraduate Students (PLUS) Loan Change Form is a document used by parents to make changes to their existing PLUS loan, such as updating loan amounts or borrower information.
Who is required to file 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM?
Parents of undergraduate students who have previously taken out a PLUS loan and wish to change any details related to their loan are required to file this form.
How to fill out 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM?
To fill out the form, parents need to provide their personal information, the student’s details, the specifics of the changes they wish to make, and any required financial information. It is important to follow the instructions provided on the form carefully.
What is the purpose of 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM?
The purpose of the PLUS Loan Change Form is to allow parents to adjust or update details about their loan, ensuring that the loan terms and amounts are accurate and reflect their current financial situation.
What information must be reported on 2012-13 FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) LOAN CHANGE FORM?
The form requires information such as the parent's name, address, social security number, the student's name, the specific changes requested, and any relevant financial details necessary to process the changes.
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