Get the free Federal Direct PLUS Loan Request Form - Pitzer College

Office of Financial Aid 1050 North Mills Avenue Claremont, CA 917116101 909.621.8208 financial aid Spitzer.edu Federal Direct PLUS Loan Request Form If you wish to borrow a Federal Direct PLUS Loan,

How to fill out federal direct plus loan

How to Fill Out Federal Direct PLUS Loan:

Gather necessary documents:

1. Social Security number
2. Driver's license or state ID
3. Tax returns and W-2 forms for the past two years
4. Employer information and pay stubs
5. Information on other financial assets and debts

Complete the Free Application for Federal Student Aid (FAFSA):

1. This is the first step to determine your eligibility for federal student aid, including the Direct PLUS Loan.
2. Visit the FAFSA website and provide accurate information about your finances and the student's finances.

Decide on the loan amount:

1. Determine the amount you need to borrow to cover the student's educational expenses beyond what is covered by other financial aid.
2. Consider your financial ability to repay the loan in the future.

Complete the Direct PLUS Loan Application:

1. Visit the Federal Student Aid website and log in with your FSA ID or create one if you haven't already.
2. Select the appropriate award year and complete the application online.

Review the Master Promissory Note (MPN):

1. The MPN is a legal document that outlines the terms and conditions of the loan.
2. Read and understand all the obligations and responsibilities associated with borrowing the Direct PLUS Loan.
3. Electronically sign the MPN online.

Complete credit check:

1. As part of the Direct PLUS Loan application process, a credit check is performed to assess your creditworthiness.
2. If approved, you can proceed with the loan process. If denied, you may explore other borrowing options or consider obtaining an endorser.

Receive loan confirmation:

1. Once your credit is approved, the Department of Education will notify you of the loan approval.
2. You will receive loan disclosure statements with details regarding the loan amount, interest rate, and repayment terms.

Who Needs Federal Direct PLUS Loan:

Parents of dependent undergraduate students:

1. Federal Direct PLUS Loans are available to parents who have dependent undergraduate students enrolled at least half-time in an eligible institution.
2. The loan can help cover the remaining educational expenses after other financial aid options have been considered.

Graduate and professional students:

1. Graduate and professional students may also be eligible for Federal Direct PLUS Loans to cover their educational expenses.
2. These loans are available to students pursuing advanced degrees or professional programs beyond their undergraduate studies.

For pdfFiller’s FAQs

What is federal direct plus loan?

Federal Direct PLUS Loan is a federal loan for parents of dependent undergraduate students to help pay for the cost of a student's education.

Who is required to file federal direct plus loan?

Parents of dependent undergraduate students are required to file the Federal Direct PLUS Loan.

How to fill out federal direct plus loan?

To fill out the Federal Direct PLUS Loan, parents can visit the official Federal Student Aid website and complete the application online.

What is the purpose of federal direct plus loan?

The purpose of the Federal Direct PLUS Loan is to help parents bridge the gap between the cost of attendance and other financial aid received by their dependent undergraduate student.

What information must be reported on federal direct plus loan?

Parents may need to provide personal information, income information, and details about the student's school when applying for the Federal Direct PLUS Loan.

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