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Get the free Federal Direct PLUS Loan 2017-2018 - Financial Aid - UMass Boston

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20162017 FEDERAL PERKINS LOAN PROGRAM STATEMENT OF RIGHTS AND RESPONSIBILITIES In order to complete your entrance interview, you must read and acknowledge the information below. Your signature below
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How to fill out federal direct plus loan

01
To fill out Federal Direct PLUS Loan, follow these steps:
02
Visit the official Federal Student Aid website at www.studentaid.gov.
03
Log in using your FSA ID and password. If you don't have an FSA ID, create one.
04
Select 'Complete Loan Agreement for a PLUS Loan (MPN)' from the menu.
05
Choose the 'Direct PLUS Loan Application for Parents' option.
06
Enter the required personal and financial information accurately.
07
Review the information provided and make any necessary corrections.
08
Read and accept the terms and conditions of the loan agreement.
09
Submit the application online.
10
You will receive a notification of the loan approval or denial.
11
If approved, complete the Master Promissory Note (MPN) for the loan.
12
The loan funds will be disbursed directly to the school.
13
Repay the loan according to the terms agreed upon.

Who needs federal direct plus loan?

01
Federal Direct PLUS Loan is designed for parents of dependent undergraduate students and graduate or professional students.
02
It is primarily for those who require additional financial assistance to cover education costs after exhausting other forms of financial aid, such as grants and scholarships.
03
The loan is also available to parents who wish to borrow on behalf of their children attending eligible schools.
04
Eligibility for the Federal Direct PLUS Loan is not based on financial need.
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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, graduate or professional students.
Applicants can fill out the Federal Direct PLUS Loan application online at StudentAid.gov.
The purpose of the Federal Direct PLUS Loan is to help cover the cost of higher education expenses not covered by other financial aid.
Applicants must report their personal information, financial information, and the loan amount requested.
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