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This document is a request authorization for parents to apply for a Parent PLUS Loan to assist with educational expenses for their eligible undergraduate students.
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How to fill out 2012-2013 parent plus loan
How to fill out 2012-2013 Parent PLUS Loan Request Authorization
01
Gather all required personal information such as Social Security Number, address, and contact information.
02
Obtain your child’s information, including their school information and student ID number.
03
Review the eligibility requirements for the Parent PLUS Loan to ensure you qualify.
04
Download or access the 2012-2013 Parent PLUS Loan Request Authorization form from the official website.
05
Complete the form by providing necessary details such as the loan amount requested and your relationship to the student.
06
Sign and date the form to validate your authorization for the loan.
07
Submit the completed form to the school’s financial aid office or designated department as instructed.
Who needs 2012-2013 Parent PLUS Loan Request Authorization?
01
Parents of dependent undergraduate students who want to borrow a Parent PLUS Loan to help pay for their child's education expenses.
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People Also Ask about
What is federal direct parent PLUS loan request?
Direct PLUS Loans for parents are unsubsidized loans made to parents of dependent undergraduate students. If a student's parents cannot get a parent PLUS loan, the student may be eligible to receive additional unsubsidized loans. Learn more about parent PLUS loans.
Is it a good idea to get a parent PLUS loan?
Parent PLUS loans can be a good alternative to private student loans because they offer more flexible repayment options. But Parent PLUS loans can be costlier than other options, and consequences are harsh for default, including the potential for wage and Social Security garnishment.
What is the difference between a federal direct loan and a federal direct PLUS loan?
Direct Unsubsidized Loans are also offered directly to the student, but the interest is not paid by the federal government and it accrues while the student is in school. Direct PLUS Loans are loans for professional or graduate students, or for parents of undergraduate students.
How to approve parent PLUS loan?
Accept Your Federal Direct Parent Loans Step 1: Student Provides or Updates Parent Guest Access. Step 2: Parent Applies for Parent PLUS Loan via Guest Access. Step 3: Parent Completes the Master Promissory Note (MPN) Step 4: Complete the Annual Student Loan Acknowledgement for the Parent PLUS Loan.
How does federal direct parent PLUS loan work?
The school will first apply parent PLUS loan funds to the student's school account to pay for tuition, fees, room and board, and other school charges. If any loan funds remain, your child's school will give them to you to help pay other education expenses for the student.
What are the extenuating circumstances for a parent PLUS loan?
Extenuating circumstances may still allow you to qualify for a Parent PLUS loan. This includes situations such as: A satisfactory repayment agreement between you and a creditor with at least six months of on-time payments. A divorce decree showing that you aren't responsible for the debt.
What disqualifies you from a parent PLUS loan?
But during the Direct PLUS Loan Application process, you'll go through a credit check to confirm one specific requirement: not having an adverse credit history. a recent bankruptcy discharge, tax lien, wage garnishment, or foreclosure.
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What is 2012-2013 Parent PLUS Loan Request Authorization?
The 2012-2013 Parent PLUS Loan Request Authorization is a form that allows parents to apply for a PLUS loan to help pay for their dependent child's college education expenses for the specified academic year.
Who is required to file 2012-2013 Parent PLUS Loan Request Authorization?
Parents of dependent undergraduate students who wish to borrow funds under the Parent PLUS Loan program for the 2012-2013 academic year are required to file the Parent PLUS Loan Request Authorization.
How to fill out 2012-2013 Parent PLUS Loan Request Authorization?
To fill out the 2012-2013 Parent PLUS Loan Request Authorization, parents need to provide personal and financial information, including their Social Security number, the student's information, loan amount requested, and signature to authorize the loan.
What is the purpose of 2012-2013 Parent PLUS Loan Request Authorization?
The purpose of the 2012-2013 Parent PLUS Loan Request Authorization is to provide a formal request for financial assistance in the form of a Parent PLUS loan to help cover the educational costs of a dependent student.
What information must be reported on 2012-2013 Parent PLUS Loan Request Authorization?
The information that must be reported includes the parent's identification details, the student's details (such as name and Social Security number), the requested loan amount, and the parent's consent and signature.
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