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This document is a loan application form for the Federal Direct Parent PLUS Loan intended for parents seeking financial assistance for their child's education at Wichita State University during the
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How to fill out summer 2012 federal direct
How to fill out Summer 2012 Federal Direct Parent PLUS Loan Application
01
Obtain the Summer 2012 Federal Direct Parent PLUS Loan Application form from the Department of Education's website or your school’s financial aid office.
02
Fill out the borrower information section, including the parent(s) name, Social Security number, and address.
03
Provide the student’s information, including their name, Social Security number, and the school they will be attending.
04
Indicate the amount of the loan you wish to request for the summer term.
05
Review and sign the application, acknowledging that you understand the terms and conditions of the loan.
06
Submit the completed application to the appropriate financial aid office or online processing portal according to your school's instructions.
Who needs Summer 2012 Federal Direct Parent PLUS Loan Application?
01
Parents of dependent undergraduate students who wish to borrow money to help cover educational expenses for the summer term.
02
Families seeking additional financial assistance after exhausting other financial aid options.
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People Also Ask about
What is the maximum amount for a parent plus loan?
If you have an adverse credit history, you may still be able to receive a PLUS loan if you meet additional requirements. The maximum PLUS loan amount you can receive is the cost of attendance (determined by the school) minus any other financial aid received.
How to get out of parent PLUS loan?
Your parent PLUS loan may be discharged if you (not the child) become totally and permanently disabled, die, or (in some cases) file for bankruptcy. Your parent PLUS loan also may be discharged if the student for whom you borrowed dies.
Is there loan forgiveness for parent PLUS loans?
Parent PLUS loan borrowers may also be able to qualify for student loan debt relief through other types of forgiveness programs and discharges, including closed school discharge, bankruptcy, disability, and death. Learn more about Parent PLUS loan discharge on the Federal Student Aid website.
What is the loophole for parent PLUS loans?
Parent PLUS loans normally restrict borrowers to Income-Contingent Repayment (ICR), which typically has higher monthly payments compared to other income-driven plans. Here's how the loophole works: Split Parent PLUS loans into two separate Direct Consolidation Loans.
Is there any forgiveness for parent PLUS loans?
Forgiveness and repayment options for Parent PLUS loans Though limited, borrowers of Parent PLUS loans do have a number of options for repayment as well as potential paths to forgiveness, including Income-Driven Repayment (IDR) and Public Service Loan Forgiveness (PSLF).
What is the double loophole for parent PLUS loans?
The key to using the double consolidation loophole is to consolidate each of your Parent PLUS Loans twice. In this scenario, a borrower can have as few as two Parent PLUS Loans.
What is the maximum amount you can get on a parent PLUS loan?
If you have an adverse credit history, you may still be able to receive a PLUS loan if you meet additional requirements. The maximum PLUS loan amount you can receive is the cost of attendance (determined by the school) minus any other financial aid received.
Is IDR available for parent PLUS loans?
If you have parent PLUS loans, you must consolidate your loans to become eligible for an IDR plan. The online income-driven repayment (IDR) plan and loan consolidation applications are available.
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What is Summer 2012 Federal Direct Parent PLUS Loan Application?
The Summer 2012 Federal Direct Parent PLUS Loan Application is a form that allows parents of dependent undergraduate students to apply for a federal loan to help cover their child's education expenses for the summer term.
Who is required to file Summer 2012 Federal Direct Parent PLUS Loan Application?
Parents of dependent undergraduate students who wish to borrow funds to help pay for their child's summer education expenses are required to file the Summer 2012 Federal Direct Parent PLUS Loan Application.
How to fill out Summer 2012 Federal Direct Parent PLUS Loan Application?
To fill out the Summer 2012 Federal Direct Parent PLUS Loan Application, parents need to complete the application form online, providing their personal information, the student’s information, and the amount they wish to borrow, and submit it to the appropriate financial aid office.
What is the purpose of Summer 2012 Federal Direct Parent PLUS Loan Application?
The purpose of the Summer 2012 Federal Direct Parent PLUS Loan Application is to enable parents to borrow federal funds to help cover their dependent child's educational costs during the summer session.
What information must be reported on Summer 2012 Federal Direct Parent PLUS Loan Application?
The information that must be reported on the Summer 2012 Federal Direct Parent PLUS Loan Application includes the parent's financial and personal details, the student's identification and enrollment status, and the amount of money needed to be borrowed.
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