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This document is a request form for parents to apply for Federal PLUS Loan assistance for the 2009/2010 school year, allowing the university to certify and transmit the parent's loan eligibility information
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How to fill out federal plus loan request

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How to fill out Federal PLUS Loan Request

01
Visit the Federal Student Aid website.
02
Log in to your account or create a new account if you don't have one.
03
Select the option for Federal PLUS Loan Request.
04
Provide the necessary personal information, including your Social Security Number and driver's license number.
05
Indicate whether you are a parent or graduate/professional student.
06
Choose the loan amount you wish to request.
07
Complete the credit check authorization process.
08
Sign the loan agreement electronically.
09
Submit the application and wait for confirmation.

Who needs Federal PLUS Loan Request?

01
Parents of dependent undergraduate students seeking additional funding for education.
02
Graduate or professional students looking for funding to help cover educational expenses.
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People Also Ask about

The parent, not the student, is responsible for repaying the PLUS loan. PLUS loans don't qualify for all of the income-driven repayment (IDR) plans that student loans do. PLUS loans have large borrowing limits, making it possible to take on too much debt.
Parent Plus loans have higher interest rates and fees, so they're generally not a good idea. Plus, it's your degree, not your parents, so you should be responsible for the costs. Stick with private loans and focus on manageable debt.
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.
Parent PLUS loans are educational loans, and the borrower can claim an income tax deduction. When borrowers review their tax deductions, they can deduct up to $2,500 per year in interest paid on the Parent PLUS loan. Income limits and other tax filing rules may apply.
Parent PLUS loans can be eligible for Income-Contingent Repayment (ICR) and Public Service Loan Forgiveness (PSLF). However, they must be consolidated into a federal Direct Consolidation loan first. Your eligibility for these programs can depend on your income and the type of employer you work for.
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.
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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The Federal PLUS Loan Request is a process by which eligible borrowers apply for the Federal Parent PLUS Loan, a federal loan program designed to help parents pay for their child's education expenses.
Parents of dependent undergraduate students are required to file the Federal PLUS Loan Request to borrow funds on behalf of their child for educational expenses.
To fill out the Federal PLUS Loan Request, parents must complete the application form available on the Federal Student Aid website, provide necessary personal and financial information, and may need to sign a Master Promissory Note.
The purpose of the Federal PLUS Loan Request is to secure additional financing for educational costs that are not covered by other forms of financial aid, thereby helping to support students in their pursuit of higher education.
The information that must be reported on the Federal PLUS Loan Request includes personal identification details, the student's school information, the loan amount requested, and financial circumstances such as income and tax information of the borrower's family.
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