Get the free Parent PLUS Loan Application - Linn-Benton Community College - linnbenton

Office of Financial Aid and Veterans 6500 Pacific Blvd. SW Albany, OR 97321 541-917-4850 2013-14 Dear Parent and Student: Parents can borrow a PLUS Loan to help pay educational expenses for a dependent

How to fill out parent plus loan application

How to fill out a parent plus loan application:

1. Start by gathering all necessary documents and information. This includes your Social Security number, driver's license or other identification, employment information, and financial information such as tax returns, W-2 forms, and bank statements.
2. Visit the official website of the Department of Education or the specific lender offering the parent plus loan. Look for the application form, which may be available online or as a downloadable PDF.
3. Read the instructions carefully before filling out the application. Make sure you understand the terms and conditions of the loan, as well as the repayment options.
4. Provide your personal information accurately and completely. This includes your name, contact details, and social security number.
5. Enter your employment information, including your employer's name, address, and contact details. You might also need to provide information about your income and any other sources of financial support.
6. Provide information about the student for whom you are taking out the parent plus loan. This includes their name, date of birth, and student identification number.
7. Indicate the loan amount you are applying for. This should cover the cost of education expenses not covered by other financial aid.
8. Review the application thoroughly before submitting. Double-check all the details and make sure there are no errors or missing information.
9. Submit the completed application online or by mail, depending on the lender's instructions.
10. Wait for the confirmation of your loan approval. This can take some time, so be patient. If approved, you will receive further instructions on next steps for loan disbursement and repayment.

Who needs a parent plus loan application:

1. Parents or legal guardians of dependent undergraduate students who are enrolled at least half-time in an eligible educational institution may need to apply for a parent plus loan.
2. This loan can be used to cover education expenses that are not covered by other financial aid options such as scholarships, grants, or federal student loans.
3. Parent plus loans are taken out by the parent or guardian to help support the student's educational expenses and are their financial responsibility to repay.

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