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Get the free Federal Direct PLUS Loan Request Form 2016 -17

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St. Mary's College of Maryland Federal Direct PLUS Loan Request Form 201617 Direct PLUS Loan Application Process: 1. 2. 3. 4. 5. Student accepts PLUS loan on the College web Portal (https://seahawks.smcm.edu/ics/). Borrower
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How to fill out federal direct plus loan

01
Gather the required information and documents such as your social security number, driver's license, and your child's Student Aid Report (SAR).
02
Visit the official Federal Student Aid website and log in using your FSA ID.
03
Select the 'Apply for a Direct PLUS Loan' option and choose the 'Parent Borrowers' tab.
04
Complete the application by providing your personal and financial information.
05
Indicate the loan amount you wish to borrow and choose the loan period.
06
Review the terms and conditions carefully before submitting the application.
07
Sign the Master Promissory Note (MPN) if prompted to do so.
08
Wait for the loan approval notification from the loan servicer.
09
If approved, you may be required to complete entrance counseling.
10
Once all requirements are fulfilled, the funds will be disbursed to the school to cover the educational expenses.

Who needs federal direct plus loan?

01
Parents of dependent undergraduate students who need additional funds to cover the cost of education may opt for the Federal Direct PLUS Loan.
02
Some graduate or professional students may also be eligible for the PLUS Loan.
03
It is important to consider this loan option if other financial aid sources, such as grants, scholarships, and federal student loans, do not fully cover the educational expenses.
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A Federal Direct PLUS Loan is a loan for parents of dependent students and for graduate students to help pay for educational expenses.
Parents of dependent undergraduate students or graduate students are required to file a Federal Direct PLUS Loan.
To fill out a Federal Direct PLUS Loan, parents or graduate students can apply online through the Federal Student Aid (FSA) website.
The purpose of a Federal Direct PLUS Loan is to help cover educational expenses that are not covered by other financial aid.
Information such as personal details, income, and credit history must be reported on a Federal Direct PLUS Loan application.
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