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FINANCIAL AID AND SCHOLARSHIP SERVICES Academic Year Parent PLUS Loan Action If you need assistance with completing this form, please contact our office at 855-278-5080 or students.asu.edu/contact/financialaid.

How to fill out asu parent plus loan

How to fill out parent plus loan action:

1. Visit the official website of the lender or the Department of Education to access the Parent PLUS Loan application form.
2. Provide your personal information such as your name, social security number, date of birth, and contact details.
3. Indicate the loan amount you are requesting and the academic year for which you need the loan.
4. If you are applying for the loan for a specific student, provide their information including their name, social security number, and school information.
5. Fill out the necessary financial information, including your income, assets, and any other sources of funding you may have.
6. If you want to authorize someone to communicate with the loan servicer on your behalf, include their information in the appropriate section.
7. Review your application carefully to ensure accuracy, and if necessary, make any corrections before submitting it.
8. Sign and date the application form electronically or physically if required.
9. Submit the completed application form either online or by mail as directed by the lender or the Department of Education.
10. You will receive a decision regarding your loan application, and if approved, you will be provided with further instructions on how to proceed.

Who needs parent plus loan action?

1. Parents who want to borrow money to help cover the educational expenses of their dependent undergraduate student may need to apply for a Parent PLUS Loan.
2. These loans are specifically designed for parents of undergraduate students who need additional financial assistance beyond what is offered in federal student aid programs.
3. Parent PLUS Loans can be useful for families who do not qualify for other types of loans or who want to supplement their child's financial aid package.
4. It is important for parents to evaluate their financial situation and determine if taking on this loan is the right choice for them and their student.
5. As the loan is in the parent's name, they will be responsible for repaying the borrowed amount along with any accrued interest.

Remember, it is always recommended to carefully review the terms and conditions of any loan before borrowing and to consider exploring all available financial aid options.

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