Get the free Federal Direct Parent PLUS Loan Authorization Form - mtmc

Mount Marty College 20162017 Federal Direct Parent PLUS Loan Authorization Form The Direct PLUS Loan Master Promissory Note (MPN) will be used for all PLUS loans. A Parent Borrower must complete an

How to fill out federal direct parent plus

How to fill out federal direct parent plus

1. Gather all the required documents such as your social security number, driver's license, and income tax returns.
2. Go to the official Federal Student Aid website and log in using your FSA ID.
3. Select the 'Apply for a Direct PLUS Loan' option from the menu.
4. Choose 'Parent PLUS' as the loan type and follow the on-screen instructions.
5. Provide your personal information and your child's information, including their school and student identifier.
6. Specify the loan amount you want to borrow and submit the application.
7. Complete the Direct PLUS Loan Master Promissory Note (MPN) if it's your first time applying for a Parent PLUS loan.
8. Wait for the loan decision, which usually takes a few business days.
9. If approved, you will be required to complete an online PLUS Loan Counseling session before the funds can be disbursed to your child's school.
10. Once the loan is approved and the counseling session is completed, the funds will be sent directly to the school to cover the costs of your child's education.

Who needs federal direct parent plus?

1. Parents or legal guardians of dependent undergraduate students who need additional funds to cover educational expenses beyond what the student is eligible for through other financial aid programs.
2. Parents who are willing to take on the responsibility of repaying the loan on behalf of their child.
3. Parents who have a good credit history and meet the eligibility requirements set by the Federal Student Aid office.
4. Parents who want to support their child's education and believe that borrowing a Parent PLUS loan is a viable option for them.

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What is federal direct parent plus?

Federal Direct Parent PLUS is a federal loan program that allows parents of dependent undergraduate students to borrow money to cover any costs not already covered by the student's financial aid package.

Who is required to file federal direct parent plus?

Parents of dependent undergraduate students are required to file for the Federal Direct Parent PLUS loan.

How to fill out federal direct parent plus?

To fill out the Federal Direct Parent PLUS loan, parents must complete the application on the official government website and submit it for processing.

What is the purpose of federal direct parent plus?

The purpose of the Federal Direct Parent PLUS loan is to help parents cover any remaining financial need after other forms of financial aid have been exhausted.

What information must be reported on federal direct parent plus?

Parents must report their personal and financial information, as well as the student's information, when applying for the Federal Direct Parent PLUS loan.