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Federal Direct PLUS Loan for Parents 20172018 Financial Aid & Scholarship Office Seen Parson Hall 245 DeKalb, IL 60115 Direct PLUS Loans for Parents are federally guaranteed loans available to parents
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How to fill out federal direct plus loan

01
Gather all the necessary information such as your personal information, financial information, and the school's name and loan period.
02
Complete the Free Application for Federal Student Aid (FAFSA) form, as it is a requirement for federal direct plus loans.
03
Contact the financial aid office at your child's school and inquire about the specific application process for federal direct plus loans.
04
Fill out the federal direct plus loan application online or on paper, depending on the school's preferred method.
05
Provide accurate and detailed information about your financial situation and the amount you wish to borrow.
06
Submit the application along with any supporting documentation requested, such as proof of income or tax returns.
07
Wait for the financial aid office to review your application and determine your eligibility.
08
If approved, you will receive a notification stating the loan amount and any additional steps you need to take.
09
Complete the required entrance counseling and sign a Master Promissory Note to finalize the loan process.
10
The funds will be disbursed directly to the school, and any remaining amount after tuition and fees will be refunded to you or your child.

Who needs federal direct plus loan?

01
Federal Direct Plus Loans are designed for parents of dependent undergraduate students who need additional financial assistance to cover education expenses.
02
Parents who do not have an adverse credit history can apply for a federal direct plus loan to help pay for their child's college or university education.
03
These loans can be a suitable option for parents who have already exhausted other forms of financial aid, such as scholarships, grants, and federal student loans.
04
The loans are meant to bridge the gap between the cost of education and the amount a student can borrow through other federal student loan programs.
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Parents who are willing to take on the responsibility of repaying the loan on behalf of their child may consider applying for a federal direct plus loan.
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Federal Direct PLUS Loan is a federal student loan that parents of dependent undergraduate students can use to help pay for college.
Parents of dependent undergraduate students who need assistance in paying for their child's college education are required to file for the Federal Direct PLUS Loan.
To fill out the Federal Direct PLUS Loan, parents must complete the online application on the official government website and submit any required documentation.
The purpose of the Federal Direct PLUS Loan is to provide financial assistance to parents of dependent undergraduate students to help cover the cost of higher education.
Information such as income, employment status, and other financial details must be reported on the Federal Direct PLUS Loan application.
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