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20202021Parent PLUS Loan Information and Application Form
Financial Aid ServicesPhone: 4135450801 Fax: 4135451700
Email: finaid@finaid.umass.edu243 Whitmore Administration Building
181 Presidents
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How to fill out parent plus loan information
How to fill out parent plus loan information
01
Start by visiting the official website of the U.S. Department of Education's Federal Student Aid (FSA) office.
02
Log in to the website using your FSA ID and password. If you don't have an FSA ID, you can create one on the website.
03
Once logged in, navigate to the 'Apply for Aid' section and select 'Apply for a Parent PLUS Loan'.
04
Provide the required personal and financial information, including your Social Security number, income details, and employment information.
05
Specify the loan amount you wish to borrow and the loan period.
06
Complete the credit check process, which may require authorization for a credit check to be performed.
07
Review the terms and conditions of the loan carefully and agree to them.
08
Submit your application and wait for a response from the FSA office regarding the loan approval status.
09
If your loan is approved, you will need to sign a Master Promissory Note (MPN) and complete any additional requirements specified by the FSA office.
10
Finally, ensure that you keep track of your loan repayment obligations and communicate with the FSA office as needed.
Who needs parent plus loan information?
01
Parents who wish to borrow money to help pay for their dependent undergraduate child's education expenses often need parent plus loan information.
02
These loans are specifically designed for parents of dependent students and can be used to cover educational costs not covered by other financial aid.
03
The information is needed by parents who want to explore this loan option as a means to support their child's education financially.
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What is parent plus loan information?
Parent PLUS Loan information refers to details regarding a federal student loan that parents of dependent undergraduate students can use to help pay for college. This type of loan is taken out in the parent's name and covers the cost of attendance minus any other financial aid received.
Who is required to file parent plus loan information?
Parents of dependent students who are seeking financial aid to pay for their child’s education are required to file Parent PLUS Loan information.
How to fill out parent plus loan information?
To fill out Parent PLUS Loan information, parents must complete the Free Application for Federal Student Aid (FAFSA) and then apply for the Parent PLUS Loan through the U.S. Department of Education's website, providing necessary personal and financial information.
What is the purpose of parent plus loan information?
The purpose of Parent PLUS Loan information is to provide parents with a financial resource to help cover the costs of their child's college education, ensuring that students have access to the necessary funds for tuition and related expenses.
What information must be reported on parent plus loan information?
Parents must report their personal identification information, financial information including income and assets, and details about the dependent student including school information and expected enrollment status.
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