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20162017 Federal Parent PLUS Loan
Application
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How to fill out 2016-2017 federal parent plus
Who needs 2016-2017 federal parent plus?
01
Parents or legal guardians of dependent undergraduate students who are enrolled at least half-time in an eligible program at a participating school.
02
The student must also meet all other federal student aid eligibility requirements.
03
The parent borrower must not have an adverse credit history.
How to fill out 2016-2017 federal parent plus:
01
Obtain a Free Application for Federal Student Aid (FAFSA) form.
02
Complete the FAFSA form with accurate information about your financial situation and the student's information.
03
Indicate your interest in the Federal Parent PLUS Loan on the FAFSA form.
04
Wait for the student to receive a financial aid award letter from their school which includes information about the Parent PLUS Loan.
05
Review the award letter and the cost of attendance for the student's school.
06
Determine the amount you need to borrow under the Parent PLUS Loan program to cover the remaining costs after other aid sources.
07
Apply for the Parent PLUS Loan through the Direct Loan program by visiting the official student aid website or contacting the school's financial aid office.
08
Complete the Parent PLUS Loan application, providing all necessary information and ensuring accuracy.
09
Review the terms and conditions of the loan, including the interest rate and repayment options.
10
Sign the Master Promissory Note (MPN) for the Parent PLUS Loan.
11
Wait for the loan to be approved and for the funds to be disbursed directly to the student's school.
12
Keep track of the loan amount borrowed and the repayment terms.
13
Start making repayment on the loan based on the repayment plan selected.
Remember to follow the guidelines provided by the U.S. Department of Education and consult with the school's financial aid office if you have any questions or need further assistance with the 2016-2017 federal parent plus loan application process.
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What is federal parent plus loan?
A federal Parent PLUS loan is a type of loan available to parents of dependent undergraduate students to help cover the cost of college.
Who is required to file federal parent plus loan?
The parent or legal guardian of a dependent undergraduate student is required to file for a federal Parent PLUS loan.
How to fill out federal parent plus loan?
To apply for a federal Parent PLUS loan, parents can complete the application online at the official Federal Student Aid website.
What is the purpose of federal parent plus loan?
The purpose of a federal Parent PLUS loan is to help parents finance their child's education by borrowing money through the federal government.
What information must be reported on federal parent plus loan?
Parents must report their financial information, including income and assets, when applying for a federal Parent PLUS loan.
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