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OFFICE OF FINANCIAL AID 4355 Lake shore Drive Canandaigua, NY 14424-8395 TEL: (585) 394-3500, Ext. 7275 Faxes: (585) 394-0635 aid FCC.edu Federal PLUS Loan Pre-Qualification Form You may find it necessary
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How to fill out federal plus loan pre-qualification

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How to fill out federal plus loan pre-qualification:

01
Visit the official website of the U.S. Department of Education or the website of the specific lender offering the Federal PLUS loan.
02
Locate the section or page for PLUS loan pre-qualification.
03
Provide your personal information, including your name, address, Social Security number, and date of birth.
04
Enter your income details, such as your employer's name, annual income, and any additional sources of income.
05
Provide information about your marital status and dependents, if applicable.
06
Indicate the loan amount you are seeking and the academic year for which you need the loan.
07
Review the terms and conditions of the pre-qualification carefully before submitting the form.
08
Submit the pre-qualification form electronically or by mail, as instructed on the website.
09
Wait for the lender's response regarding your pre-qualification status. They will inform you if you meet the requirements for the Federal PLUS loan.
10
If you are pre-qualified, proceed with the formal loan application process.

Who needs federal plus loan pre-qualification:

01
Parents of undergraduate students who want to borrow money to cover education expenses that are not covered by other financial aid options such as grants, scholarships, or federal student loans.
02
Graduate or professional students who are borrowing the Federal PLUS loan to cover their own educational expenses, as these loans are also available to them.
03
Individuals who want to determine their eligibility for the Federal PLUS loan before applying, as it can provide them with a better understanding of their potential loan options and the amount they can borrow.
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Federal PLUS loan pre-qualification is a process that allows potential borrowers to determine if they meet the basic eligibility requirements for a Parent PLUS loan before formally applying.
Any parent or guardian who is interested in taking out a Parent PLUS loan to help pay for their dependent child's education may choose to file for pre-qualification.
To fill out a federal PLUS loan pre-qualification form, the parent or guardian will need to provide basic personal and financial information, as well as information about the student and school attending.
The purpose of federal PLUS loan pre-qualification is to help borrowers determine if they are likely to be approved for a Parent PLUS loan, without impacting their credit score.
Information such as personal details, financial information, the student's enrollment status, and school information must be reported on a federal PLUS loan pre-qualification form.
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