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This form is to apply for the Federal Direct PLUS Loan for parents of dependent undergraduate students and requires completion of information regarding the parent borrower and student.
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How to fill out Federal Direct Parent (PLUS) Loan Request Form 2013-2014
01
Obtain the Federal Direct Parent (PLUS) Loan Request Form for 2013-2014 from the U.S. Department of Education's website or your child's school.
02
Carefully read the instructions and eligibility requirements outlined in the form.
03
Provide the required parent information, including name, Social Security number, and contact information.
04
Enter the student's information, including their name, school attendance, and financial aid information.
05
Select the loan amount you wish to request for the academic year.
06
Sign and date the form to certify that the information provided is accurate.
07
Submit the completed form to the financial aid office of your child's school or follow the specified submission instructions.
Who needs Federal Direct Parent (PLUS) Loan Request Form 2013-2014?
01
Parents of dependent undergraduate students who need to borrow additional funds to cover educational expenses after other financial aid has been awarded.
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People Also Ask about
What is the maximum direct parent PLUS loan amount?
The maximum PLUS loan amount you can borrow is the cost of attendance at the school your child will attend minus any other financial assistance your child receives.
Is a direct PLUS loan the same as a parent 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.
What is the loophole for parent plus borrowers?
What is the Loophole for Parent PLUS Borrowers? The Double Consolidation Loophole helps Parent PLUS Loan borrowers access more income-driven repayment plans and lower monthly payments by consolidating their loans twice. Here's how it works: Step 1: Combine your loans into two separate Direct Consolidation Loans.
What are the disadvantages of a direct 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.
Is direct PLUS loan the same as parent 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.
Will parent PLUS loans be eligible for forgiveness?
Public Service Loan Forgiveness (PSLF) Parent PLUS loan borrowers may be eligible for PSLF if they work full time for a government agency or qualifying nonprofit organization and make 120 (or 10 years) qualifying payments under the ICR plan.
Are parent PLUS Loans eligible for forgiveness?
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.
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What is Federal Direct Parent (PLUS) Loan Request Form 2013-2014?
The Federal Direct Parent (PLUS) Loan Request Form 2013-2014 is a document that allows parents of dependent undergraduate students to apply for a PLUS loan to help pay for their child's education expenses.
Who is required to file Federal Direct Parent (PLUS) Loan Request Form 2013-2014?
Parents of dependent undergraduate students who wish to borrow funds through the Federal Direct PLUS Loan program are required to file this form.
How to fill out Federal Direct Parent (PLUS) Loan Request Form 2013-2014?
To fill out the form, parents must provide personal information, the child's school information, loan amount requested, and demonstrate creditworthiness as part of the application process.
What is the purpose of Federal Direct Parent (PLUS) Loan Request Form 2013-2014?
The purpose of this form is to initiate the application process for a Plus loan, which helps parents cover the educational costs of their dependent children who are enrolled in college.
What information must be reported on Federal Direct Parent (PLUS) Loan Request Form 2013-2014?
The form requires reporting personal identification information, financial details, information regarding the student, the requested loan amount, and a credit check authorization.
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