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Get the free 2009/2010 Direct Parent PLUS Loan Application - cui

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Este formulario debe ser completado por los padres de estudiantes dependientes para solicitar un préstamo Direct PLUS. El formulario debe ser enviado a la oficina de ayuda financiera.
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How to fill out 2009/2010 Direct Parent PLUS Loan Application

01
Obtain the 2009/2010 Direct Parent PLUS Loan Application form from the Federal Student Aid website or your child's school.
02
Fill out the personal information section, including your name, address, Social Security number, and contact information.
03
Provide your child's information, such as their name, Social Security number, and school information.
04
Indicate the loan amount you are requesting.
05
Provide information about your credit history, including any bankruptcies or unpaid debts.
06
Sign and date the application.
07
Submit the completed application to the appropriate financial aid office or lender.

Who needs 2009/2010 Direct Parent PLUS Loan Application?

01
Parents of dependent undergraduate students who need to borrow money to help pay for their child's college education expenses.
02
Parents whose child is enrolled in a degree program at a participating institution.
03
Parents who want to have a lower monthly payment or who wish to borrow a larger amount than what is offered through federal student loans.
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Direct PLUS Loans for Parents These loans are eligible for PSLF only if they've been consolidated into a Direct Consolidation Loan and are being repaid under the Income-Contingent Repayment (ICR) plan.
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.
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.
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.
Public Service Loan Forgiveness for Parent PLUS Loans Parent borrowers may be eligible for Public Service Loan Forgiveness (PSLF) after making 120 qualifying payments (ten years). Parent PLUS loans are eligible if they are in the Direct Loan program or included in a Federal Direct Consolidation 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.
Only federal Direct Loans can be forgiven through PSLF. If you have other federal student loans such as Federal Family Education Loans (FFEL) or Perkins Loans you may be able to qualify for PSLF by consolidating into a new federal Direct Consolidation 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.

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The 2009/2010 Direct Parent PLUS Loan Application is a form that parents can complete to apply for a Direct PLUS Loan to help finance their child's education for the academic year 2009-2010.
Parents of dependent undergraduate students who wish to obtain a Direct PLUS Loan to assist with educational expenses are required to file the 2009/2010 Direct Parent PLUS Loan Application.
To fill out the 2009/2010 Direct Parent PLUS Loan Application, parents must provide personal and financial information, including their Social Security numbers, address, and details about the student's enrollment in college. They must also specify the loan amount requested and review the loan terms.
The purpose of the 2009/2010 Direct Parent PLUS Loan Application is to allow parents to apply for federal loans that can cover the remaining educational costs after other financial aid has been applied, ensuring that students have the necessary funding to complete their education.
The information that must be reported on the 2009/2010 Direct Parent PLUS Loan Application includes the parent's financial details, the student's information, the amount of the loan being requested, and any other required documentation as specified by the lender.
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