Get the free FEDERAL DIRECT PLUS LOAN January Term 2015 Only

P.O. Box 400204, Carriers Hall, Charlottesville, VA 22904 Telephone: (434) 9826000, Fax: (434) 9247636 Website: http://sfs.virginia.edu Email: SFS Virginia.edu FEDERAL DIRECT PLUS LOAN **January Term

How to fill out federal direct plus loan

How to fill out Federal Direct PLUS Loan:

1. Start by gathering necessary documents: You will need your FSA ID, Social Security Number, driver's license or other government-issued ID, and your most recent federal tax returns or W-2 forms.
2. Log in to the Federal Student Aid website: Visit www.studentaid.gov and sign in using your FSA ID. If you do not have an FSA ID, you can create one on the same website.
3. Navigate to the application: Once you are logged in, locate the Direct PLUS Loan Application section. Click on "Apply for a Direct PLUS Loan" and select the appropriate loan type (Parent PLUS or Graduate/Professional PLUS).
4. Complete the application: Fill out all required fields on the application form accurately. Provide your personal information, including your name, address, and contact details. You will also need to provide information about the student for whom you are requesting the loan.
5. Specify loan amount and school: Indicate the amount you wish to borrow and the period for which you need the loan. You will also need to enter the name of the school the student is attending or planning to attend.
6. Review and submit: Carefully review all the information you have entered before submitting the application. Make sure there are no errors or missing details. Once you are satisfied with the application, submit it.
7. Complete the Master Promissory Note (MPN): After submitting the application, you may be required to complete the MPN, which is a legal document stating your agreement to repay the loan. Follow the instructions provided to sign the MPN electronically.
8. Await loan approval: The school will receive your loan application and will determine your eligibility. They may request additional documentation or information if needed. Once approved, the school will notify you regarding the loan amount and disbursement dates.

Who needs a Federal Direct PLUS Loan:

1. Parents of dependent undergraduate students: The Parent PLUS Loan is designed for parents who want to borrow money to supplement their child's educational expenses. This loan helps cover the costs not covered by other financial aid options.
2. Graduate and professional students: The Graduate/Professional PLUS Loan is available for students pursuing advanced degrees beyond a bachelor's degree. This loan assists them in paying for their educational expenses, such as tuition, fees, and living costs.
3. Students who need additional funding: If a student's financial aid package does not cover all of their educational expenses, they may choose to apply for a Federal Direct PLUS Loan to bridge the funding gap.

Overall, the Federal Direct PLUS Loan is for individuals who require additional financial assistance to cover the cost of education for themselves or their dependents.

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