Get the free DIRECT LOAN PLUS OPTION FORM

229.928.1378 OFFICE 229.931.2061 FAX 800 Georgia Southwestern State University Drive Americas, GA 31709 finaid@gsw.eduDIRECT LOAN PLUS OPTION FORM Once the Office of Student Financial Aid receives

How to fill out direct loan plus option

How to fill out direct loan plus option

1. To fill out a Direct PLUS Loan application, follow these steps:
2. Go to the official website of the U.S. Department of Education.
3. Log in using your FSA ID. If you don't have one, create an FSA ID.
4. Select 'Apply for Aid' from the top menu and choose 'Apply for a Direct PLUS Loan'.
5. Choose the appropriate loan type (Parent PLUS or Grad PLUS) and click 'Start' next to it.
6. Complete the borrower information section, providing accurate personal details.
7. Enter the loan amount you wish to borrow. Remember to consider your financial needs carefully.
8. Review the terms and conditions of the loan and accept them if you agree.
9. Provide your employer's information, including full name and mailing address.
10. Enter your references' information, such as their names, addresses, and contact details.
11. Review your application for accuracy and make any necessary changes.
12. Submit your application. You will receive a confirmation that your application has been received.
13. Await a credit check and loan approval. You may need to provide additional documentation if requested.
14. If approved, complete the required Master Promissory Note (MPN) and Entrance Counseling.
15. The loan funds will be disbursed directly to the school.
16. Repay the loan as per the terms agreed upon.

Who needs direct loan plus option?

1. Direct Loan PLUS option is available to:
2. - Parents who want to borrow on behalf of their dependent undergraduate students.
3. - Graduate or professional students who require additional funding for their education.
4. The loan can help cover educational expenses that are not met by other financial aid programs.

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What is direct loan plus option?

The Direct Loan PLUS option is a federal loan program that allows parents of dependent undergraduate students and graduate or professional students to borrow money to help pay for college expenses.

Who is required to file direct loan plus option?

Parents of dependent undergraduate students or graduate/professional students who want to access additional funding for education are required to file the Direct Loan PLUS option.

How to fill out direct loan plus option?

To fill out the Direct Loan PLUS option, borrowers must complete the FAFSA application, then submit a Direct PLUS Loan application through the U.S. Department of Education's online portal, and follow the instructions provided for the process.

What is the purpose of direct loan plus option?

The purpose of the Direct Loan PLUS option is to provide additional financial support to help cover the costs of college that are not met by other forms of financial aid.

What information must be reported on direct loan plus option?

Borrowers must report personal information, financial information, the desired loan amount, and the school information on the Direct Loan PLUS option form.