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This document is an application for parents of dependent students to apply for a Federal Parent Loan for Undergraduate Students (PLUS) at the College for Creative Studies.
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How to fill out federal plus loan application

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How to fill out Federal PLUS Loan Application for Parents of Dependent Students

01
Visit the Federal Student Aid website.
02
Create an account or log in to your existing account.
03
Select the 'Apply for a Direct PLUS Loan' option.
04
Choose 'Parent PLUS Loan' and read the information provided.
05
Gather the necessary documents, including your Social Security number, driver's license number, and income information.
06
Fill out the application form using the provided online interface.
07
Provide information about the student, including their name and school details.
08
Review your application for accuracy before submitting.
09
Submit your application and wait for confirmation from the Department of Education.

Who needs Federal PLUS Loan Application for Parents of Dependent Students?

01
Parents of dependent undergraduate students who need to borrow funds to help cover educational costs.
02
Parents whose child is enrolled in a college or university and requires additional financial support beyond what is offered through federal student aid.
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People Also Ask about

If you have Parent Plus loans, consolidation will make those loans eligible for the income contingent repayment plan. Consolidation is also one way of getting your federal loans out of default. Consolidation can also lower your monthly payments by extending the term of the loan.
Unlike all other federal student loans, there are no explicit borrowing limits for parent PLUS loans. Parents may borrow up to the full cost of attendance, which is determined by the institution, not the government, and includes books, travel and living expenses.
The key to using the double consolidation loophole is to consolidate each of your Parent PLUS Loans twice. In this scenario, a borrower can have as few as two Parent PLUS Loans.
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.
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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The Federal PLUS Loan Application for Parents of Dependent Students is a financial aid application process that allows parents to borrow funds to help pay for their dependent child's college education expenses.
Parents of dependent students who want to borrow a Federal PLUS Loan to help cover their child's educational costs are required to file this application.
To fill out the Federal PLUS Loan Application, parents must complete the application form available on the Federal Student Aid website, provide necessary personal and financial information, and sign the application.
The purpose of the Federal PLUS Loan Application is to assess the eligibility of parents to borrow federal funds for educational expenses of their dependent child, helping to cover costs such as tuition, room, board, and other related fees.
The application requires parents to report their personal information, financial details including income, assets, and other relevant financial information, as well as details regarding the dependent student.
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