Get the free 2012-13 Federal Direct Parent PLUS Loan Request Form - bvu
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This form is used by parents to request a Federal Direct Parent PLUS Loan to help finance their child's education at Buena Vista University.
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How to fill out 2012-13 federal direct parent
How to fill out 2012-13 Federal Direct Parent PLUS Loan Request Form
01
Obtain the 2012-13 Federal Direct Parent PLUS Loan Request Form from the school’s financial aid office or website.
02
Fill in your personal information including your name, social security number, and contact details.
03
Provide information about the student for whom you are borrowing, including their name and school identification number.
04
Indicate the amount of money you wish to borrow on the form.
05
Review the terms and conditions of the loan, making sure you understand the interest rates and repayment options.
06
Sign and date the form certifying that all information is accurate and that you agree to the loan terms.
07
Submit the completed form to the appropriate financial aid office at your child's school.
Who needs 2012-13 Federal Direct Parent PLUS Loan Request Form?
01
Parents of dependent undergraduate students who are seeking financial assistance for their child's education.
02
Parents who have exhausted other financial aid options and need additional funding for tuition, fees, and other educational expenses.
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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.
How hard is it to get approved 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).
Do parent PLUS loans get forgiven when a parent dies?
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.
Do people get denied 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.
Is it hard to get approved for a 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.
What is the 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.
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What is 2012-13 Federal Direct Parent PLUS Loan Request Form?
The 2012-13 Federal Direct Parent PLUS Loan Request Form is a document that parents can use to apply for a PLUS loan to help pay for their child's higher education expenses.
Who is required to file 2012-13 Federal Direct Parent PLUS Loan Request Form?
The form is required to be filed by the biological or adoptive parents of dependent students who are enrolled at least half-time in an eligible college or university.
How to fill out 2012-13 Federal Direct Parent PLUS Loan Request Form?
To fill out the form, parents should provide personal information, student information, and financial information, sign the application, and submit it to the loan servicer or school.
What is the purpose of 2012-13 Federal Direct Parent PLUS Loan Request Form?
The purpose of the form is to determine the eligibility of parents to borrow a Direct PLUS loan to cover education costs not met by other financial aid.
What information must be reported on 2012-13 Federal Direct Parent PLUS Loan Request Form?
The form must report details such as the parent borrower's Social Security number, the student's information, the desired loan amount, and the loan period.
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