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PALM BEACH STATE COLLEGE PLUS Loan Request Form Please submit a credit check, and complete PLUS counseling at www.Studentloans.gov. A PLUS loan request can only be processed if your credit check has
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How to fill out a plus loan

01
To fill out a plus loan, follow these steps:
02
Gather all necessary documents, including your Social Security Number, driver's license or state ID, your child's financial aid award letter, and any other requested documentation.
03
Visit the official website of the U.S. Department of Education or your child's school and login to your account.
04
Navigate to the 'Apply for a Direct PLUS Loan' section and select the appropriate loan application (Parent PLUS Loan).
05
Provide all requested personal and financial information, including details about your income, employment, and any other relevant financial information.
06
Review the loan terms and conditions carefully before submitting the application.
07
Sign the Master Promissory Note (MPN) electronically to acknowledge your acceptance of the loan terms.
08
Submit the completed application and wait for a credit check to be conducted by the Department of Education.
09
If approved, the loan funds will be disbursed directly to your child's school to cover the educational expenses.
10
Repay the loan as per the repayment terms and schedule agreed upon.

Who needs a plus loan?

01
A plus loan is typically needed by parents or legal guardians of dependent undergraduate students who require additional funds to cover educational expenses.
02
It can also be an option for graduate or professional students who have exhausted their eligibility for other federal student aid options.
03
In some cases, a plus loan may be necessary when the student's financial aid package is insufficient to cover the total cost of attendance.
04
It is important to note that the parent or guardian applying for the plus loan must have a good credit history and meet the eligibility criteria set by the Department of Education.
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A PLUS loan is a federal student loan for parents of dependent undergraduate students.
Parents of dependent undergraduate students who need additional financial assistance for education expenses.
Parents can fill out a PLUS loan application online through the Department of Education's website or through the student's school financial aid office.
The purpose of a PLUS loan is to help parents cover education expenses that are not already covered by other financial aid.
Parents must report their personal and financial information, as well as the student's enrollment information and cost of attendance.
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