Get the free FEDERAL DIRECT PARENT PLUS LOAN APPLICATION INSTRUCTIONS - starkstate
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Stark State College Office of Financial Aid 6200 Frank Ave NW, North Canton, OH 44720 (330) 4946170 Fax(330) 9666598 www.starkstate.edu financial aid stark state.edu FEDERAL DIRECT PARENT PLUS LOAN
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How to fill out federal direct parent plus
How to fill out federal direct parent plus:
01
Start by gathering the necessary documents. This includes your Social Security number, driver's license number, and federal income tax returns (including W-2 forms) for the past two years.
02
Visit the official Federal Student Aid website and log in using your FSA ID. If you don't have an FSA ID, you can create one on the website.
03
Select the "Apply for a Direct PLUS Loan" option and choose the application for "Parents".
04
Provide the requested personal and financial information, such as your name, address, and employer details.
05
Specify the loan amount you wish to borrow and the academic period that the loan will cover.
06
Authorize a credit check, as a credit check is required for a parent to qualify for a Direct PLUS loan. If you have an adverse credit history, you may need to obtain an endorser or take additional steps to qualify.
07
Review the loan terms and conditions thoroughly before submitting your application.
08
After submitting the application, you will receive a confirmation. Make sure to keep a copy of this confirmation for your records.
Who needs federal direct parent plus:
01
Parents who have dependent undergraduate students enrolled at least half-time in an eligible college or university may need a federal direct parent plus loan to help cover educational expenses.
02
This loan can be used to supplement financial aid awards and cover the remaining cost of attendance.
03
It is especially beneficial for parents who may not have sufficient savings or income to pay for their child's education upfront.
04
The federal direct parent plus loan allows parents to borrow money directly from the U.S. Department of Education.
Overall, the federal direct parent plus loan is a useful tool for parents who need assistance in financing their child's higher education. By following the steps to fill out the application, parents can access this loan and ensure their child's educational expenses are covered.
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