Get the free Parent PLUS Loan Request - Eastern Gateway Community College - egcc

Parent PLUS Loan Request Form 20112012 *Please Print* Student Name (First, Middle, Last) Student SSN # Parent Borrower: (Only the natural, adoptive, or stepparents of the student named above may apply)

How to fill out parent plus loan request

How to fill out a Parent PLUS loan request:

1. Begin by gathering all the necessary information. You will need your Social Security number, driver's license number, and your most recent federal income tax returns. Have these documents ready before starting the application process.
2. Access the official website of the U.S. Department of Education. Look for the page specifically dedicated to Parent PLUS loans. This is where you will find the online application form.
3. Start the application by entering your personal information, including your name, address, and contact details. Make sure to double-check for any typos or errors before proceeding.
4. Provide your child's information, such as their full name, date of birth, and school they will be attending. You may need to also input their federal school code, so it is important to have this information on hand.
5. Specify the loan amount you are requesting. Consider the total cost of attendance at your child's school and the financial aid already received. Be realistic about the amount you can comfortably repay.
6. Next, you will need to choose a repayment plan. The standard plan typically involves fixed monthly payments over a 10-year period. However, there are alternative plans available that may better suit your financial circumstances. Take some time to research and select the most appropriate option for you.
7. At this point, you will be asked to provide your income and employment information. Be honest and accurate with your responses, as this will determine your eligibility and loan terms.
8. Review all the provided information one last time. Make sure everything is correct and complete before submitting the application.
9. After submitting, you will receive a confirmation that your request has been received. The U.S. Department of Education will then perform a credit check to determine your eligibility. They may also request additional documentation, such as proof of income.
10. Within a few weeks, you will be notified of the loan decision. If approved, you will need to sign a Master Promissory Note (MPN) and complete any additional requirements. Funds will be disbursed directly to the school to cover the approved loan amount.

Who needs a Parent PLUS loan request?

1. Parents who want to help finance their child's education but require additional funds beyond what their child qualifies for in federal student aid.
2. Parents who have a good credit history and are confident in their ability to manage the loan repayment.
3. Parents who want to take advantage of the benefits offered by federal student loans, such as fixed interest rates and flexible repayment plans.
4. Parents who have considered other financing options, such as private loans, but prefer the reliability and borrower protections provided by Parent PLUS loans.
5. Parents who have thoroughly researched and understand the responsibilities and obligations associated with borrowing a Parent PLUS loan.

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What is parent plus loan request?

A Parent PLUS Loan Request is a form that parents can fill out to request a Direct PLUS Loan to help pay for their child's education expenses.

Who is required to file parent plus loan request?

The parent(s) of a dependent undergraduate student are required to file a Parent PLUS Loan Request.

How to fill out parent plus loan request?

Parents can fill out the Parent PLUS Loan Request form online at the Federal Student Aid website, using their FSA ID to log in.

What is the purpose of parent plus loan request?

The purpose of the Parent PLUS Loan Request is to request a loan to help pay for their child's education expenses not covered by other financial aid.

What information must be reported on parent plus loan request?

Parents must report their personal information, including income and employment details, as well as information about the student and the school they will be attending.