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SUMMER 2019 DIRECT PLUS LOAN FACT SHEET FOR UNDERGRADUATE STUDENTS Federal Direct PLUS is a credit based loan which is available to assist parents with the costs of higher education. The Direct PLUS
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How to fill out a federal direct plus

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How to fill out a federal direct plus

01
To fill out a federal direct plus loan application, follow these steps:
02
Start by completing the Free Application for Federal Student Aid (FAFSA) form online. You will need your Social Security number, tax information, and other financial details.
03
Visit the official Federal Student Aid website and log in using your FSA ID.
04
Select the option to apply for a PLUS loan and provide the requested information.
05
Choose the loan period and loan amount you need.
06
Complete the required Master Promissory Note (MPN) online.
07
Review all the information you provided and submit the application.
08
Wait for the loan approval notification from your school's financial aid office.
09
If approved, you may need to complete entrance counseling before the loan funds are disbursed.
10
Keep track of your loan repayment details and make timely payments to avoid any issues.

Who needs a federal direct plus?

01
A federal direct plus loan is typically needed by parents of dependent undergraduate students who require additional financial assistance for educational expenses.
02
It can also be used by graduate or professional students to fund their own education.
03
This loan is particularly useful when other financial aid options like scholarships, grants, or federal student loans are not sufficient to cover the total cost of attendance.
04
Eligibility requirements and the interest rate for a federal direct plus loan vary, so it's important to consider your financial situation and consult with your school's financial aid office for guidance.
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A federal direct plus is a loan program where parents of dependent undergraduate students can borrow money to help pay for their child's education.
The parents of dependent undergraduate students are typically required to file a federal direct plus.
To fill out a federal direct plus, parents can apply online through the Department of Education's website or through the student's school financial aid office.
The purpose of a federal direct plus is to provide additional financial support to parents of dependent undergraduate students to help cover educational expenses.
Parents must report their income, assets, and any other financial information requested on the federal direct plus application.
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