
Get the free Federal Direct Parent PLUS Loan - University of Illinois at ...
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FEDERAL DIRECT PARENT LOAN (PLUS) REQUEST FORM Please indicate below if you want to receive a PLUS Loan for the 201516 Academic Year. Refer to the Award Letter to determine the amount of PLUS eligibility.
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How to fill out federal direct parent plus

How to fill out federal direct parent plus
01
To fill out federal direct parent plus, follow these steps:
02
Begin by logging into your FAFSA account.
03
Select the 'Apply for Aid' button and navigate to the 'Parent Borrowers' section.
04
Answer the questions to confirm that you are the parent borrowing the loan.
05
Provide your personal information, including your name, social security number, and date of birth.
06
Enter your contact information, such as your address, email, and phone number.
07
Provide financial information, including income and tax details.
08
Specify the loan amount you wish to borrow as a parent.
09
Review the information you have entered and make any necessary corrections.
10
Complete the electronic signature process to submit your application.
11
Wait for the confirmation email that your application has been received.
12
You will be notified of the loan decision, and if approved, further instructions will be provided for completing the loan process.
13
Follow any additional steps provided by your loan servicer to complete the federal direct parent plus loan.
Who needs federal direct parent plus?
01
Federal direct parent plus loans are designed for parents or legal guardians of dependent undergraduate students.
02
These loans can be beneficial for parents who want to help finance their child's education and can be used to cover educational expenses not met by other financial aid.
03
Parents who do not have a good credit history or who have already reached their borrowing limit with other federal loan programs may still be eligible for federal direct parent plus loans.
04
It's important to note that federal direct parent plus loans are taken on by the parent and are not transferrable to the student.
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What is federal direct parent plus?
Federal Direct Parent PLUS is a federal loan program that allows parents of dependent undergraduate students to borrow funds to help pay for their child's college education.
Who is required to file federal direct parent plus?
Parents of dependent undergraduate students who need additional financial assistance beyond what federal student loans provide are required to file for a Federal Direct Parent PLUS loan.
How to fill out federal direct parent plus?
To fill out a Federal Direct Parent PLUS loan application, parents must complete the application online through the Federal Student Aid website, provide necessary information about their financial situation, and sign a master promissory note.
What is the purpose of federal direct parent plus?
The purpose of the Federal Direct Parent PLUS loan program is to assist parents in financing their child's education beyond the amount offered through federal student loans.
What information must be reported on federal direct parent plus?
Parents must report personal and financial information including their Social Security number, income, and the amount they wish to borrow for the Federal Direct Parent PLUS loan.
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