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Federal Direct PLUS Loan Request 20162017 Please complete this sheet ONLY if interested and already approved for a Direct PLUS Loan. Students Name: Last First Middle Initial Students Oglethorpe ID#:
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How to fill out federal direct plus loan
How to fill out federal direct plus loan:
01
Begin by accessing the Federal Student Aid website and logging in with your FSA ID. If you don't have one, create an FSA ID.
02
Next, select the option to apply for a Direct PLUS Loan and choose the correct loan type (Parent PLUS Loan or Graduate/Professional PLUS Loan).
03
Complete the required loan application form, providing personal and financial information including your social security number, contact details, and income details.
04
Indicate the loan amount you wish to borrow and the academic period for which you need the loan.
05
Review the terms and conditions of the loan and accept them if you agree.
06
Once you've completed the application, you'll need to undergo a credit check. If you have an adverse credit history, you may need to obtain an endorser or provide documentation to overcome the credit check.
07
Finally, sign the Master Promissory Note (MPN) electronically. This legally binds you to repay the loan.
Who needs federal direct plus loan:
01
Parents of dependent undergraduate students: If you are the parent of a dependent undergraduate student, you may need a federal Direct PLUS Loan to help pay for your child's education expenses that are not covered by other financial aid. This loan can bridge the gap between the cost of attendance and the amount received from other sources such as grants, scholarships, and other loans.
02
Graduate and professional students: If you are pursuing a graduate or professional degree, you may also need a federal Direct PLUS Loan to cover the cost of your education. This loan can provide additional funds to pay for tuition, fees, housing, books, and other related expenses.
03
Students and parents with a good credit history: The federal Direct PLUS Loan is a credit-based loan, and a good credit history is typically required for approval. However, even if you have an adverse credit history, you may still qualify for the loan with an endorser or by demonstrating extenuating circumstances. This loan can be a valuable financial tool for those in need of additional funding for education.
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What is federal direct plus loan?
Federal Direct PLUS Loan is a federal loan program that allows parents of dependent undergraduate students and graduate students to borrow money to help pay for education expenses.
Who is required to file federal direct plus loan?
Parents of dependent undergraduate students or graduate students are required to file Federal Direct PLUS Loan.
How to fill out federal direct plus loan?
To fill out Federal Direct PLUS Loan, parents can visit the official student aid website and complete the application online.
What is the purpose of federal direct plus loan?
The purpose of Federal Direct PLUS Loan is to provide additional funding for education expenses that are not covered by other financial aid.
What information must be reported on federal direct plus loan?
Parents must report their income, assets, and other financial information on Federal Direct PLUS Loan application.
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