Get the free Federal Direct Parent Plus Loan Request Form 2011-12pdf - lfcc

Academic Year 2011-2012 Federal Direct Parent PLUS Loan Request Form (Parents of Dependent Students Only) Student Name (Last) (First) (MI) Date of Birth Student I'd # BORROWER INFORMATION (May only

How to fill out federal direct parent plus

How to fill out federal direct parent plus?

1. Start by gathering the necessary documents: You will need your Social Security number, driver's license number, and the student's financial aid information, including their FAFSA confirmation number.
2. Visit the official website: Go to the Federal Student Aid website and log in using your FSA ID. If you don't have one, you will need to create it.
3. Select the correct loan application: Look for the "Apply for a Direct PLUS Loan" option and choose the "Parent PLUS" loan. Make sure you select the correct loan year.
4. Provide parent and student information: Fill out the required fields with your personal and financial information, as well as the student's information. This includes details such as name, address, employer, income, etc.
5. Specify loan amount: Indicate the specific amount you wish to borrow. Keep in mind that you can only borrow up to the cost of attendance minus any other financial aid received by the student.
6. Complete the Master Promissory Note (MPN): This is a legally binding document that outlines the terms and conditions of the loan. Read through it carefully and provide the necessary information.
7. Await credit check: Direct PLUS loans require a credit check. The U.S. Department of Education will determine whether you are eligible based on your credit history. If you have an adverse credit history, you may need an endorser or be required to complete additional counseling.
8. Review and submit the application: Double-check all the provided information for accuracy and make any necessary changes. Once you are satisfied, submit the application.

Who needs federal direct parent plus?

1. Parents or legal guardians: Federal Direct Parent PLUS loans are available to parents or legal guardians of dependent undergraduate students. This loan program allows parents to borrow money to help pay for their child's education.
2. Students with financial need: Parent PLUS loans are often used when a student's financial aid package does not fully cover the cost of attendance. It can provide additional funding beyond what the student is eligible for through other forms of aid, such as grants and scholarships.
3. Families without alternative funding options: Some families may not qualify for private student loans or have the means to cover the remaining costs out of pocket. Federal Direct Parent PLUS loans can be a viable option for families looking to bridge the gap between available financial aid and the total cost of attendance.

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What is federal direct parent plus?

Federal Direct Parent PLUS is a federal loan program that allows parents of dependent undergraduate students to borrow money to pay for their child's education.

Who is required to file federal direct parent plus?

Parents of dependent undergraduate students are required to file for Federal Direct Parent PLUS if they want to borrow money to help pay for their child's education.

How to fill out federal direct parent plus?

To fill out Federal Direct Parent PLUS, parents need to complete the application form on the Federal Student Aid website, provide all required financial information, and pass a credit check.

What is the purpose of federal direct parent plus?

The purpose of Federal Direct Parent PLUS is to help parents cover the cost of their child's education when other financial aid, such as grants and scholarships, is not enough.

What information must be reported on federal direct parent plus?

Parents must report their financial information, including income, assets, and liabilities, as well as their child's school information and estimated cost of attendance.