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Get the free Federal Direct PLUS Loan Application - iccfinancialaid

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Federal Direct PLUS Loan Application ELIGIBILITY: PLUS loans may be submitted once the student has received their award letter and the student is registered for the current academic semester. Students
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How to fill out federal direct plus loan

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How to fill out federal direct plus loan

01
Gather all the required documents such as your Social Security number, driver's license, and income information.
02
Visit the official website of the U.S. Department of Education and log in to the Federal Student Aid (FSA) website.
03
Click on the 'Apply for Aid' tab and select the 'Complete Loan Agreement for a PLUS Loan (MPN)' option.
04
Enter your personal information, such as your name, address, and contact details.
05
Provide the required financial information, including your income and employment details.
06
Specify the loan amount you wish to borrow and the loan period.
07
Review all the provided information and make any necessary corrections.
08
Read and accept the terms and conditions of the loan agreement.
09
Submit your application and wait for the confirmation.
10
Once your application is approved, sign the Master Promissory Note (MPN) to finalize the loan process.
11
Make sure to repay the loan according to the agreed-upon terms and schedule.

Who needs federal direct plus loan?

01
Parents who want to assist their dependent undergraduate children with educational expenses.
02
Graduate or professional students who need additional funds to cover their education costs beyond other financial aid.
03
Parents and guardians who want to finance their own educational expenses.
04
Individuals who did not receive enough financial aid through other sources.
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Federal Direct PLUS Loan is a federal loan that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school.
Parents of dependent undergraduate students or graduate/professional students may apply for a Federal Direct PLUS Loan.
To apply for a Federal Direct PLUS Loan, the borrower must complete the application on the Federal Student Aid website and meet certain eligibility requirements.
The purpose of a Federal Direct PLUS Loan is to help cover the cost of higher education expenses not covered by other financial aid.
The borrower must report personal and financial information, as well as the amount they wish to borrow.
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