Get the free FEDERAL DIRECT PLUS LOAN 2013-2014 - University of Virginia - virginia

P.O. Box 400204, Carriers Hall, Charlottesville, VA 22904-4204 Telephone: (434) 982-6000, Fax: (434) 924-7636 Web: http://www.virginia.edu/financialaid E-mail:field Virginia.edu FEDERAL DIRECT PLUS

How to fill out federal direct plus loan

1. To fill out the Federal Direct PLUS Loan, you must first complete the Free Application for Federal Student Aid (FAFSA) form. This is required for both graduate students and parents of dependent undergraduate students.
2. Once you have completed the FAFSA, you can apply for the Federal Direct PLUS Loan by visiting the official website of the U.S. Department of Education's Federal Student Aid program. You will need to sign in using your FSA ID (username and password) to access the application.
3. When filling out the federal direct PLUS loan application, you will be required to provide personal information, including your name, date of birth, Social Security number, and contact information.
4. You will also need to provide your school's information, including the name and address, as well as the loan period (typically an academic year) for which you are requesting the loan.
5. Next, you will have to provide details about the loan amount you wish to borrow. This includes specifying the loan period and the exact amount you need. It's important to carefully assess your needs and only borrow what is necessary to cover educational expenses.
6. As part of the application process, you will also have to authorize a credit check. This is to determine your creditworthiness, and it is a requirement for the Federal Direct PLUS Loan. If you have an adverse credit history, you may need to obtain an endorser or appeal the credit decision.
7. After submitting your application, you will receive a response summarizing the credit decision. If approved, you will need to complete an electronic Master Promissory Note (eMPN) to formally accept the loan terms and conditions.
8. It's important to note that the Federal Direct PLUS Loan has a fixed interest rate, which is determined each year by the U.S. Department of Education. You will be responsible for repaying the loan, including any accrued interest, after you graduate, leave school, or drop below half-time enrollment.

As for who needs the Federal Direct PLUS Loan, it is typically utilized by graduate students or parents of dependent undergraduate students who need additional funds to cover educational expenses beyond other financial aid options. This loan can help bridge the gap between the cost of attendance and the amount received from scholarships, grants, and federal student loans. However, it's essential to carefully consider the loan terms and repayment obligations before deciding to borrow.

For pdfFiller’s FAQs

What is federal direct plus loan?

Federal Direct PLUS Loans are loans for parents of dependent undergraduate students to help pay for educational expenses not covered by other financial aid.

Who is required to file federal direct plus loan?

Parents of dependent undergraduate students are required to file the Federal Direct PLUS Loan.

How to fill out federal direct plus loan?

To fill out the Federal Direct PLUS Loan, parents can visit the official government website and complete the application online.

What is the purpose of federal direct plus loan?

The purpose of the Federal Direct PLUS Loan is to help parents cover educational expenses for their dependent undergraduate student.

What information must be reported on federal direct plus loan?

Parents will need to report their personal information, financial details, and information about their dependent undergraduate student on the Federal Direct PLUS Loan application.

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