Get the free Parent PLUS Loan Request Form - University of Mount Union

Office of Student Financial Services 1972 Clark Ave., Alliance, OH 44601 phone: (330) 8232674 toll-free: (877) 5439185 fax: (330) 8292814 email: fin aid mount union.edu For Parents of Dependent Undergraduate

How to fill out parent plus loan request

How to fill out a parent plus loan request:

1. Gather the necessary documents: Before filling out the parent plus loan request, make sure you have the required documents handy. This may include your Social Security number, driver's license, financial information, and your child's information, such as their school and enrollment status.
2. Visit the official website: Go to the official website of the Federal Student Aid (FAFSA) to start the application process. Look for the specific section related to parent plus loans.
3. Log in or create an account: If you have already created an FSA ID for previous financial aid applications, log in using your username and password. Otherwise, create a new account by providing the necessary information.
4. Select the parent plus loan option: Choose the parent plus loan option from the available loan types. This loan allows parents to borrow on behalf of their dependent undergraduate students to cover educational expenses.
5. Complete the loan request: Follow the instructions on the website and provide all the requested information accurately. This may include personal details, financial information, and the loan amount you wish to request.
6. Review and submit the request: Double-check all the details you have provided to ensure accuracy. Review the terms and conditions and make sure you understand all the obligations associated with the parent plus loan. Once you are satisfied, submit the loan request.
7. Await the loan decision: After submitting the loan request, you will receive a notification regarding the loan decision. This can take some time, so be patient. If approved, you will receive further instructions on how to proceed.

Who needs a parent plus loan request:

1. Parents of dependent undergraduate students: The parent plus loan request is primarily designed for parents who want to assist in financing their dependent child's education. This loan can be beneficial for parents who are willing and able to take on the responsibility of repaying the loan.
2. Students whose financial aid is insufficient: If a student's financial aid package, including grants, scholarships, and student loans, does not cover the entire cost of their education, a parent plus loan can help bridge the gap. It can provide additional funds to ensure that the student can pursue their educational goals without financial limitations.
3. Families who prefer federal loans over private loans: Parent plus loans are backed by the federal government and generally offer lower interest rates compared to private loans. Therefore, families who prefer the stability and advantages of federal loans may choose to submit a parent plus loan request.

Overall, the parent plus loan request is aimed at parents and families who are seeking financial assistance to support their dependent child's college education. It is important to carefully consider the terms and potential repayment obligations before applying for this loan.

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What is parent plus loan request?

A Parent PLUS Loan request is a federal loan that parents of dependent undergraduate students can use to help pay for college or career school.

Who is required to file parent plus loan request?

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

How to fill out parent plus loan request?

To fill out a Parent PLUS Loan request, parents can visit the official website of the U.S. Department of Education or contact the student's school's financial aid office for assistance.

What is the purpose of parent plus loan request?

The purpose of a Parent PLUS Loan request is to help parents cover the cost of their child's education after all other sources of financial aid have been exhausted.

What information must be reported on parent plus loan request?

The parent will need to provide information such as their Social Security number, financial information, and contact details when filling out a Parent PLUS Loan request.