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20162017 Federal Direct PLUS Loan Authorization Please Complete and return to: CTC Financial Aid Office 1300 145th Street E. Rose mount, MN 55068 Telephone: (651) 4238299 Fax: (651) 4238779 CTC processes
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How to fill out plus loan authorization
How to fill out plus loan authorization
01
Read the plus loan authorization form carefully to understand the instructions and requirements.
02
Gather all the necessary information and documents, such as your personal information, social security number, and financial details.
03
Complete the top section of the form by providing your name, address, and contact information.
04
Provide the student's information, including their full name and school details.
05
Indicate the loan amount you wish to borrow and the loan period.
06
If you want the loan funds to be disbursed directly to the student, indicate 'Yes' and provide the student's bank account information.
07
Fill out the remaining sections of the form, including the borrower's information, employment details, and loan repayment plan.
08
Sign and date the authorization form to certify the information provided.
09
Submit the completed form to the appropriate financial aid office or lender.
Who needs plus loan authorization?
01
Parents or legal guardians who wish to borrow a PLUS loan on behalf of a dependent undergraduate student may need a PLUS loan authorization.
02
Some schools may also require graduate or professional students who want to borrow a PLUS loan to complete a loan authorization.
03
It is important to check with the school's financial aid office or the lender to determine if a PLUS loan authorization is needed.
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What is plus loan authorization?
Plus loan authorization is a process where a parent borrower is approved to take out a federal PLUS loan on behalf of their dependent student.
Who is required to file plus loan authorization?
The parent borrower who wishes to take out a federal PLUS loan on behalf of their dependent student is required to file plus loan authorization.
How to fill out plus loan authorization?
To fill out plus loan authorization, the parent borrower must submit the necessary information and documentation to the lender or financial aid office.
What is the purpose of plus loan authorization?
The purpose of plus loan authorization is to ensure that the parent borrower meets the eligibility criteria and is capable of repaying the loan.
What information must be reported on plus loan authorization?
The information that must be reported on plus loan authorization includes the parent borrower's personal and financial details, as well as the student's information.
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