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INDIAN HILLS COMMUNITY COLLEGE 20162017 FEDERAL PARENT PLUS LOAN APPLICATION Federal PLUS (Parent Loan for Undergraduate Students) Loans enable parents with good credit histories to borrow loans to
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How to fill out federal parent loan plus

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How to fill out federal parent loan plus:

01
Complete the Free Application for Federal Student Aid (FAFSA) for the student who will be attending college.
02
Visit the Federal Student Aid website and navigate to the Direct PLUS Loan Application for Parents.
03
Provide all the necessary personal information, including your name, address, and Social Security number.
04
Enter the requested financial information, such as your income, assets, and expenses.
05
Indicate the loan amount you wish to borrow and the academic period for which you need the funds.
06
Choose a loan repayment plan that suits your financial situation.
07
Complete the Master Promissory Note (MPN), which is a legal document that states your promise to repay the loan and outlines the terms and conditions.
08
Submit your application online. You should receive a notification confirming your submission.

Who needs federal parent loan plus:

01
Parents who want to help their dependent undergraduate children pay for college education.
02
Parents who may not have sufficient savings or income to cover the entire cost of their child's education.
03
Parents who prefer to borrow federal loans with more favorable interest rates and repayment options compared to private loans.
04
Parents who want to take advantage of the federal loan forgiveness programs available for certain public service careers.
05
Parents who want to consolidate their existing federal loans into a single loan with a fixed interest rate.
Please note that it is advisable to consult with a financial aid advisor or loan specialist to ensure accurate and up-to-date information when filling out the federal parent loan plus application.
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Federal Parent PLUS Loan is a federal student loan that allows parents of dependent undergraduate students to borrow money to help pay for their child's education.
Parents of dependent undergraduate students are required to file for Federal Parent PLUS Loan.
Parents can apply for Federal Parent PLUS Loan online through the official Federal Student Aid website.
The purpose of Federal Parent PLUS Loan is to help parents cover the costs of their child's college education.
Parents are required to provide personal and financial information when applying for Federal Parent PLUS Loan.
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