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Federal Direct Parent PLUS Fall-Spring 2014-2015 Loan Application Print Form Financial Aid Office 11200 SW 8 Street PC-125 Miami, FL 33199 Fax: 305.348.2346 The Federal Direct PLUS Loan Program is
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How to fill out federal direct parent plus
How to fill out federal direct parent plus?
01
Gather necessary documents: Before starting the process, ensure you have all the required documents on hand, such as your social security number, driver's license, income tax returns, and any other financial documentation.
02
Access the online application: Visit the Federal Student Aid website and navigate to the "Apply for Aid" section. Click on the Parent Borrowers tab and select the option for the Parent PLUS Loan application.
03
Provide personal information: Begin the application by entering your personal details, including your name, address, contact information, and social security number. Ensure that all the information entered is accurate and up to date.
04
Specify the loan details: Indicate the loan period and the loan amount you are requesting. It is important to consider the financial needs of your child when determining the loan amount.
05
Complete the loan counseling: As a federal direct parent plus borrower, it is mandatory to complete loan counseling. This counseling aims to familiarize you with the responsibilities and obligations associated with the loan. Follow the instructions provided and complete the counseling session.
06
Review and sign the Master Promissory Note (MPN): The MPN is a legal document that outlines the terms and conditions of the loan. Carefully review the document, ensuring you understand the repayment terms, interest rate, and any associated fees. Once reviewed, sign the MPN electronically.
07
Submit the application: After completing all the required sections and reviewing the application, submit it for processing. You will receive a confirmation email once the application has been successfully submitted.
Who needs federal direct parent plus?
01
Parents of undergraduate students: The federal direct parent plus loan is specifically designed for parents or legal guardians of dependent undergraduate students. If you are the parent of a dependent student and wish to assist in covering educational expenses, you may be eligible for this loan.
02
Financially responsible parents: The federal direct parent plus loan is intended for parents who are financially responsible and able to handle loan repayment. Before considering this loan, ensure you have a stable income and are capable of meeting the loan's financial obligations.
03
Parents in need of additional funding: If the available financial aid, scholarships, and other funding sources are not sufficient to cover your child's educational expenses, the federal direct parent plus loan can be a viable option. It provides additional financial assistance to bridge the gap between existing resources and the actual cost of education.
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What is federal direct parent plus?
Federal Direct Parent PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay for college.
Who is required to file federal direct parent plus?
Parents of dependent undergraduate students are required to file for the Federal Direct Parent PLUS Loan.
How to fill out federal direct parent plus?
Parents can apply for the Federal Direct Parent PLUS Loan by completing the application online at the Department of Education's website.
What is the purpose of federal direct parent plus?
The purpose of the Federal Direct Parent PLUS Loan is to provide financial assistance to parents to help pay for their child's college education.
What information must be reported on federal direct parent plus?
Parents must report their income and assets, as well as their child's enrollment status and cost of attendance.
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