Get the free Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009 - finaid umich
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This form is used by graduate students to apply for the Federal Direct Grad PLUS Loan through the University of Michigan's Office of Financial Aid. The document outlines the application process, eligibility
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How to fill out Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009
01
Read the form instructions carefully.
02
Provide your personal identification information including your name and Social Security number.
03
Indicate the school you will be attending and the program for which you are borrowing.
04
Specify the amount you wish to borrow under the Grad PLUS Loan program.
05
Provide a list of any other loans you currently have.
06
Sign and date the form at the bottom.
07
Submit the completed form to your school's financial aid office for processing.
Who needs Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009?
01
Graduate or professional students who wish to borrow through the Federal Direct Grad PLUS Loan program.
02
Students attending eligible universities who need additional financial assistance beyond federal loans.
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People Also Ask about
Will parent PLUS loans be eligible for forgiveness?
Public Service Loan Forgiveness (PSLF) Parent PLUS loan borrowers may be eligible for PSLF if they work full time for a government agency or qualifying nonprofit organization and make 120 (or 10 years) qualifying payments under the ICR plan.
Do parent PLUS loans qualify for IBR?
Normally, borrowers do not need to consolidate their loans to take advantage of income-driven repayment plans. But, Federal Parent PLUS loans are not directly eligible for income-driven repayment plans. Instead, one must consolidate the Federal Parent PLUS loans into a Federal Direct Consolidation loan.
Is a federal direct PLUS loan the same as a parent PLUS loan?
Grad PLUS loans There is no cumulative limit to how much graduate students may borrow. To qualify for a Grad PLUS loan, you must meet three criteria: Be enrolled at least half-time at an eligible school in a graduate or professional program. Pass a credit check.
Is direct PLUS loan the same as 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.
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.
Do you have to pay back a federal direct Grad PLUS loan?
Repayment. If you receive a Direct PLUS Loan as a graduate or professional student, you don't have to make any payments while you're enrolled in school at least half-time, and for an additional six months after you graduate, leave school, or drop below half-time enrollment.
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What is Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009?
The Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009 is a document used by graduate-level students to confirm their intent to borrow under the Grad PLUS Loan program, which provides additional funding for education expenses.
Who is required to file Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009?
Graduate or professional students who wish to borrow federal funds through the Grad PLUS loan program must file the Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009.
How to fill out Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009?
To fill out the Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009, borrowers should carefully read the instructions, provide personal and financial information as required, sign the form, and submit it to their school’s financial aid office.
What is the purpose of Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009?
The purpose of the Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009 is to confirm the borrower’s eligibility, agreement to the loan terms, and to notify the school of the borrower's intent to borrow under the Grad PLUS Loan program.
What information must be reported on Federal Direct Grad PLUS Borrower Confirmation Form 2008-2009?
The form must report personal identification information, details about the educational institution, the requested loan amount, and additional financial information as required by the Department of Education.
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