Get the free 2017-2018 Parent PLUS Loan Application Form - RIC
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20172018 Federal Direct Parent PLUS Loan Request Form Return completed form to the Office of Student Financial Aid×. This form will not be processed until we have a valid 20172018 FAFSAs on file
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How to fill out 2017-2018 parent plus loan
How to fill out 2017-2018 parent plus loan
01
Gather all the required documents such as social security number, driver's license, and income information.
02
Visit the official website of the U.S. Department of Education and access the Free Application for Federal Student Aid (FAFSA) form.
03
Log in using your FSA ID, or create one if you don't have it.
04
Select the correct award year (2017-2018) and complete the FAFSA form with accurate information.
05
Indicate your interest in the Parent PLUS Loan when prompted.
06
After submitting the FAFSA, wait for the Student Aid Report (SAR) which will contain your Expected Family Contribution (EFC).
07
Contact your child's school to request a Parent PLUS Loan application or access it online.
08
Complete the application, providing all necessary information and selecting the loan amount you wish to borrow.
09
Submit the completed application to the school's financial aid office for processing.
10
If approved, carefully review the terms and conditions of the loan.
11
Sign the Master Promissory Note (MPN), agreeing to repay the loan according to the provided terms.
12
Stay in touch with the school's financial aid office for any further instructions or documents required.
13
The loan funds will be disbursed directly to the school to cover the educational expenses of the student.
14
Make timely payments on the loan as scheduled.
15
Keep track of the loan balance and explore options for loan repayment or consolidation if needed.
Who needs 2017-2018 parent plus loan?
01
Parents or legal guardians who have dependent undergraduate students attending college might need the 2017-2018 Parent PLUS Loan.
02
This loan is specifically designed to help parents bridge the financial gap between their child's federal student aid and the total cost of education.
03
It can be utilized by parents who want to supplement their child's financial aid package or cover any remaining educational expenses.
04
Those who don't have sufficient savings or income to pay for their child's education may also find the Parent PLUS Loan beneficial.
05
However, it is essential to evaluate the terms and conditions of the loan and consider the long-term repayment obligations before deciding if this loan is suitable for their financial situation.
06
Parents who meet the eligibility criteria and have a genuine need for additional financial assistance can explore the option of applying for the 2017-2018 Parent PLUS Loan.
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What is parent plus loan application?
The Parent PLUS Loan Application is a form that parents of dependent undergraduate students can use to apply for a federal loan to help pay for their child's education.
Who is required to file parent plus loan application?
Parents of dependent undergraduate students are required to file the Parent PLUS Loan Application if they wish to borrow funds to help pay for their child's education.
How to fill out parent plus loan application?
To fill out the Parent PLUS Loan Application, parents can visit the official Federal Student Aid website and complete the online application form.
What is the purpose of parent plus loan application?
The purpose of the Parent PLUS Loan Application is to allow parents to borrow funds to help pay for their child's education expenses that are not covered by other financial aid.
What information must be reported on parent plus loan application?
Parents must report their personal information, including income and employment details, as well as information about the student they are borrowing for.
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