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This document provides instructions and a request form for parents applying for the Federal Direct Parent PLUS Loan for the 2013-14 academic year at UC San Diego. It outlines necessary steps for first-time
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How to fill out 2013-14 federal direct parent
How to fill out 2013-14 Federal Direct Parent PLUS Loan Application Instructions
01
Obtain the 2013-14 Federal Direct Parent PLUS Loan Application form from the Department of Education's website or your school's financial aid office.
02
Fill in the required personal information, including the parent borrower's name, Social Security number, and contact information.
03
Provide the student's information, including their name, Social Security number, and the school they will be attending.
04
Indicate the loan amount you wish to borrow, making sure it does not exceed the cost of attendance minus other financial aid received.
05
Provide information about your financial status, such as income and employment details.
06
Read and review the terms of the loan carefully, making sure you understand your repayment obligations.
07
Sign and date the application form, certifying that all information provided is accurate.
08
Submit the completed application to the federal processor or your school's financial aid office as per their instructions.
Who needs 2013-14 Federal Direct Parent PLUS Loan Application Instructions?
01
Parents of dependent undergraduate students who wish to borrow funds to help pay for their child's college education.
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People Also Ask about
What is the maximum direct parent PLUS loan amount?
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.
What is the maximum parent PLUS loan amount?
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.
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.
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 different from 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 direct parent plus loans be forgiven?
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.
Will direct parent PLUS loans be forgiven?
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.
Is direct PLUS loan the same as parent PLUS loan?
The U.S. Department of Education makes Direct PLUS Loans to eligible parents through schools participating in the Direct Loan Program. (We also offer PLUS loans for graduate or professional students.) A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent borrower.
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What is 2013-14 Federal Direct Parent PLUS Loan Application Instructions?
The 2013-14 Federal Direct Parent PLUS Loan Application Instructions provide guidance for parents on how to apply for the Parent PLUS Loan, which is a federal loan that helps pay for their child's college education.
Who is required to file 2013-14 Federal Direct Parent PLUS Loan Application Instructions?
Parents of dependent undergraduate students who want to borrow a Parent PLUS Loan to help cover their child's educational expenses are required to file these application instructions.
How to fill out 2013-14 Federal Direct Parent PLUS Loan Application Instructions?
To fill out the application, parents should complete the required form online or by paper, providing necessary personal information, the child's details, and the desired loan amount, along with signatures and any additional information requested.
What is the purpose of 2013-14 Federal Direct Parent PLUS Loan Application Instructions?
The purpose is to outline the process for parents to request funding through the Parent PLUS Loan program and ensure that applicants provide all necessary information for loan approval.
What information must be reported on 2013-14 Federal Direct Parent PLUS Loan Application Instructions?
The information reported must include the parent's financial details, the student's information, the loan amount being requested, and any other documentation or identification as required by the loan application process.
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