Get the free Parent PLUS Loan Application Form - Indian Hills Community College - indianhills

INDIAN HILLS COMMUNITY COLLEGE 2013-2014 FEDERAL PARENT LOAN (PLUS) APPLICATION Federal PLUS (Parent Loan for Undergraduate Students) Loans enable parents with good credit histories to borrow loans to

How to fill out parent plus loan application

How to fill out the Parent Plus Loan application:

1. Gather necessary documents: Before starting the application, gather your personal information, such as your Social Security number, driver's license, employment details, and financial information like income and assets.
2. Access the application: Visit the official website of the U.S. Department of Education or your preferred education lender to locate the Parent Plus Loan application. You can either fill out the form online or download a printable version.
3. Provide student and school information: Start by entering the student's name, school details, and any other requested information about the educational program or institution.
4. Indicate loan amount and loan period: Specify the amount you're requesting to borrow and the period for which you need the loan. Ensure accuracy as this information will be used to calculate the loan terms.
5. Complete personal and financial information: Fill in your personal details, including your name, contact information, and social security number. Then, provide financial information about your income, assets, and any other sources of financial assistance, if applicable.
6. Consider adding an endorser: If you have adverse credit history but still want to pursue the Parent Plus Loan, you can choose to obtain an endorser who will co-sign the loan with you. Provide the required information of the endorser, if applicable.
7. Review and sign the application: Review all the information you entered and make any necessary corrections. After verifying the accuracy, sign and date the application.
8. Submit the application: Submit the completed application using the online submission process or mail it to the specified address, depending on the application method.

Who needs the Parent Plus Loan application:

1. Parents or legal guardians of undergraduate students: The Parent Plus Loan application is specifically designed for parents or legal guardians looking to borrow funds on behalf of their dependent undergraduate student.
2. Students attending participating institutions: The Parent Plus Loan is only available for students attending eligible schools or educational programs that participate in the Federal Direct Loan Program.
3. Individuals seeking additional financial assistance: The Parent Plus Loan can be a valuable resource for families who have exhausted other sources of financial aid, such as scholarships, grants, and federal student loans, and still need additional funds to cover education expenses.

Remember, it's crucial to carefully review and understand the terms, interest rates, and repayment options of the Parent Plus Loan before committing to it. Consider evaluating other financial aid options and talking to a financial aid counselor to make an informed decision.

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What is parent plus loan application?

The Parent PLUS Loan application is a form that allows parents of dependent undergraduate students to apply for a federal loan to help pay for their child's education.

Who is required to file parent plus loan application?

The parent or legal guardian of a dependent undergraduate student is required to file the Parent PLUS Loan application.

How to fill out parent plus loan application?

To fill out the Parent PLUS Loan application, the parent or legal guardian needs to visit the official government website and provide their personal information, student information, and financial details.

What is the purpose of parent plus loan application?

The purpose of the Parent PLUS Loan application is to determine the eligibility of the parent or legal guardian to receive a federal loan to supplement their child's financial aid package.

What information must be reported on parent plus loan application?

The parent or legal guardian must report their personal information, including Social Security number, as well as the student's information, financial details, and school information.