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Federal Direct PLUS Loan Process 201718 Academic Year Scholarships and Financial Aid * 7400 Bay Road University Center, MI 48710 * www.svsu.edu/cfsc (989) 9644900 * FAX: (989) 9642492 * CFC GVSU.federal

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How to fill out federal direct plus loan

01

Gather all the necessary 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.

03

Click on the 'Apply for PLUS Loans' button.

04

Complete the FAFSA form if you haven't already done so.

05

Choose the 'Direct PLUS Loan Application' and select the loan period.

06

Provide your personal information and choose the loan amount you wish to borrow.

07

Review the loan terms and conditions carefully.

08

Sign the electronic Master Promissory Note (MPN) using your Department of Education FSA ID.

09

Submit the application and wait for a credit check to be performed.

10

If approved, you will receive a notification and can then proceed with the loan process.

Who needs federal direct plus loan?

01

Parents of dependent undergraduate students who want to help cover educational expenses.

02

Graduate and professional students who require additional funding beyond other federal student aid.

03

Parents or stepparents of dependent undergraduate students who want to borrow a loan in their own name.

04

Students and parents who meet the eligibility criteria and need financial assistance for education.

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What is federal direct plus loan?

Federal Direct PLUS Loan is a federal student loan that parents of dependent undergraduate students can use to help pay for college expenses.

Who is required to file federal direct plus loan?

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

How to fill out federal direct plus loan?

To fill out a Federal Direct PLUS Loan, parents can complete the application online at the official student aid website.

What is the purpose of federal direct plus loan?

The purpose of a Federal Direct PLUS Loan is to assist parents in covering educational expenses for their dependent undergraduate students.

What information must be reported on federal direct plus loan?

Parents must report their personal information, income details, and the amount they wish to borrow on a Federal Direct PLUS Loan.

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