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Parent PLUS Loan Request Form Student Name: Student ID: Student Social Security Number: Student Date of Birth PARENT BORROWER INFORMATION (ONE PARENT ONLY) Parent Borrower Name: Parent Borrower Social
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How to fill out parent plus loan request
How to fill out a parent plus loan request:
Gather necessary documents:
01
Social Security Number
02
Driver's license or state-issued ID
03
Employment information (e.g., employer name, address, and phone number)
04
Income information (e.g., recent pay stubs, tax returns)
05
Student's personal information (e.g., name, school, and enrollment status)
Access the Federal Student Aid website:
01
Visit the official website of the U.S. Department of Education's Federal Student Aid (studentaid.gov).
02
Navigate to the "Apply for Aid" section and select the "Parent Borrowers" category.
Create an FSA ID:
If you don't have one already, create a Federal Student Aid (FSA) ID. This will serve as your username and password for accessing and signing your loan request.
Start the application process:
01
Click on the "Apply for a Parent PLUS Loan" link.
02
Select the appropriate school year for which you are applying for the loan.
Complete the Loan Request:
01
Fill out the requested personal information, including your name, address, and contact details.
02
Provide the student's information, such as their Social Security Number, name, and school details.
03
Input your employment and income information accurately.
04
Specify the loan amount you are seeking.
Review and sign the Master Promissory Note (MPN):
01
Read through the terms and conditions and understand your responsibilities as a borrower.
02
Electronically sign the MPN, indicating your agreement to the loan terms.
Submit the loan request:
01
Review all the provided information for accuracy.
02
Submit the loan request online.
Who needs a parent plus loan request?
A parent plus loan request is typically necessary for parents or legal guardians who wish to borrow money to help pay for their dependent child's education expenses. It is a federal loan program available to parents who have an eligible undergraduate student enrolled at least half-time in a participating school.
Not all parents will need to request a parent plus loan, as it depends on the family's financial situation and the financial aid package offered by the student's school. Those who may benefit from this loan option are parents who are unable to cover the education expenses through other means or prefer to borrow federal loans rather than private loans due to more favorable loan terms and repayment options.
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What is parent plus loan request?
Parent PLUS loan request is a form parents can use to apply for a federal loan to help pay for their child's college education.
Who is required to file parent plus loan request?
The parent or legal guardian of a dependent undergraduate student is required to file the Parent PLUS loan request.
How to fill out parent plus loan request?
To fill out the Parent PLUS loan request, parents need to visit the official website of the Department of Education and complete the online application form.
What is the purpose of parent plus loan request?
The purpose of the Parent PLUS loan request is to provide financial assistance to parents of dependent undergraduate students to help cover educational expenses.
What information must be reported on parent plus loan request?
The Parent PLUS loan request requires information about the student, the parent's financial situation, and the amount of loan requested.
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