Get the free Federal Direct Parent PLUS Loan Request Form

This form is used by parents to request a Federal Direct Parent PLUS Loan for the 2010-2011 academic year, including directions for completion and submission.

How to fill out federal direct parent plus

How to fill out Federal Direct Parent PLUS Loan Request Form

1. Obtain the Federal Direct Parent PLUS Loan Request Form from the Federal Student Aid website or your college's financial aid office.
2. Fill in the borrower information, including your name, Social Security number, and address.
3. Provide information about the student for whom you are borrowing, including their name, Social Security number, and school information.
4. Indicate the loan amount you wish to request and the academic year for which you are borrowing.
5. Complete the credit check authorization section by providing the necessary consent.
6. Sign and date the form.
7. Submit the completed form to the financial aid office of the college the student will attend.

Who needs Federal Direct Parent PLUS Loan Request Form?

1. Parents of dependent undergraduate students who need to borrow funds to help pay for their child's college education.

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.

Do you have to pay back a federal 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.

How does federal direct parent PLUS loan work?

Parent PLUS loans allow parents of dependent undergraduate students to borrow money to cover any costs not already covered by the student's financial aid package, up to the full cost of attendance. The program does not set a cumulative limit to how much parents may borrow.

What disqualifies you from a parent PLUS loan?

If you're a parent or graduate student seeking a Direct PLUS Loan, one of the requirements to qualify is that you must not have an adverse credit history. If your application is denied because of an adverse credit history, don't give up. You still have options.

What credit score is needed for a federal direct PLUS loan?

There is no minimum credit score required for a Parent PLUS Loan. However, borrowers cannot have an adverse credit history as defined by the U.S. Department of Education.

Do parents who make $120000 still qualify for FAFSA?

There is no income cap for financial aid. It also varies from your school, program, and cola. Just fill it out and most likely you will get some assistance. 122k for a family of 5 is not a lot. If you have any issues filling it out, your school adviser and finance office normally provide assistance with that.

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.

For pdfFiller’s FAQs

What is Federal Direct Parent PLUS Loan Request Form?

The Federal Direct Parent PLUS Loan Request Form is a document that allows parents of dependent students to apply for a Direct PLUS Loan to help pay for their child's college education expenses.

Who is required to file Federal Direct Parent PLUS Loan Request Form?

Parents of dependent undergraduate students who wish to borrow a Direct PLUS Loan must file the Federal Direct Parent PLUS Loan Request Form.

How to fill out Federal Direct Parent PLUS Loan Request Form?

To fill out the form, parents need to provide personal information, details about the student, the loan amount requested, and consent for a credit check. Additionally, they must review and sign the form to complete the application.

What is the purpose of Federal Direct Parent PLUS Loan Request Form?

The purpose of the form is to facilitate the application process for Federal Direct Parent PLUS Loans, enabling parents to secure funding for their child's education costs.

What information must be reported on Federal Direct Parent PLUS Loan Request Form?

The form requires personal identification information of the parent, financial information about the loan amount needed, the student's details, and authorization for a credit check.