Get the free Parent PLUS Loan Request Form - Northeastern Illinois ...

NortheasternIllinoisUniversityStudentFinancialWellness 5500NorthSaintLouisAvenueDBuildingRoom200Chicago,IL6062546997734425016Fax:7734425040 Financial aid neiu.eduneiu.edu/financialaidCheckyourfinancialaidstatusatneiuport.neiu.edu20192020VerificationofAssetInformation

How to fill out parent plus loan request

How to fill out parent plus loan request

1. To fill out a Parent PLUS Loan request, follow these steps:
2. Go to the official website of the U.S. Department of Education's Federal Student Aid (FSA) office.
3. Log in using your FSA ID. If you don't have one, you will need to create an FSA ID by following the instructions provided on the website.
4. Once logged in, navigate to the 'Apply for Aid' section and select 'Apply for a PLUS Loan.'
5. Choose 'Direct PLUS Loan Application for Parents' as the loan type.
6. Complete all the required personal information, including your name, address, social security number, and contact details.
7. Provide the requested financial information, including income, assets, and employment details.
8. Specify the loan amount you wish to borrow and the period for which you need the loan.
9. Review all the information entered to ensure accuracy and make any necessary corrections.
10. Read and accept the terms and conditions of the loan agreement.
11. Lastly, submit the completed loan request. You will receive a confirmation message and a loan application number for reference.
12. Keep in mind that the Parent PLUS Loan is subject to a credit check, and you may need to complete additional steps if required.

Who needs parent plus loan request?

1. A Parent PLUS Loan request is typically needed by parents who want to assist their dependent undergraduate children in financing their education expenses.
2. This loan is specifically available for biological or adoptive parents of dependent students who are enrolled at least half-time in an eligible program at a participating school.
3. The Parent PLUS Loan can help cover the remaining costs not already covered by other financial aid, such as grants, scholarships, and the student's own Federal Direct Subsidized or Unsubsidized Loans.
4. It is important to note that eligibility for a Parent PLUS Loan is determined by the U.S. Department of Education and requires the parent borrower to pass a credit check.

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What is parent plus loan request?

A Parent PLUS Loan request is a federal loan application process that allows parents of dependent undergraduate students to borrow money to help pay for their child's education expenses.

Who is required to file parent plus loan request?

Parents of dependent undergraduate students who need financial assistance to pay for their child's education are required to file a Parent PLUS Loan request.

How to fill out parent plus loan request?

To fill out a Parent PLUS Loan request, parents need to complete the online application through the Federal Student Aid website, providing required information such as the student's details, financial information, and selecting the loan amount.

What is the purpose of parent plus loan request?

The purpose of a Parent PLUS Loan request is to provide financial support to parents so they can cover educational costs that are not met by other financial aid.

What information must be reported on parent plus loan request?

The information that must be reported on the Parent PLUS Loan request includes the parent's and student's social security numbers, financial information, and details about the institution the student is attending.