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20192020 FEDERAL DIRECT PARENT PLUS LOAN INSTRUCTIONS Parents of Dependent FAFSA filers are eligible to apply for a Federal Direct PLUS Loan which can be used towards his/her education at Catawba
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How to fill out 2019-2020 federal direct plus

01
To fill out the 2019-2020 federal direct plus, follow these steps:
02
Gather the necessary documents: Social Security Number, tax returns, and financial information.
03
Visit the official website of the Federal Student Aid (FSA) and log in using your FSA ID.
04
Select 'Apply for Aid' and choose the 'PLUS Loan Request' option.
05
Provide the required information, such as personal details and the loan amount requested.
06
Complete the Master Promissory Note (MPN), which is a legal document that states your promise to repay the loan.
07
Review and submit your application. Make sure to check for any errors or missing information.
08
Wait for the loan approval and processing. You might be required to provide additional documentation if requested.
09
Once approved, sign the MPN electronically and complete any further requirements.
10
The loan funds will be sent directly to your child's school to cover their educational expenses.
11
Repay the loan according to the terms and conditions agreed upon.

Who needs 2019-2020 federal direct plus?

01
The 2019-2020 federal direct plus is primarily for parents of dependent undergraduate students who need additional funds to cover the educational expenses that are not met through other financial aid sources.
02
It is also available for graduate or professional students who require additional funding for their education.
03
Furthermore, non-credit worthy individuals who have an endorser can also apply for the Federal Direct PLUS loan.
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A Federal Direct PLUS Loan is a type of federal student loan that allows parents of dependent undergraduate students and graduate or professional students to borrow money to help pay for college expenses.
Parents of dependent undergraduate students and graduate or professional students who need additional funds to cover their education costs are required to file for a Federal Direct PLUS Loan.
To fill out a Federal Direct PLUS Loan application, parents or graduate students need to complete the Direct PLUS Loan Application on the Federal Student Aid website or through their school's financial aid office.
The purpose of a Federal Direct PLUS Loan is to provide financial assistance to eligible parents and graduate students to cover educational expenses, including tuition, room and board, and other related costs.
The application for a Federal Direct PLUS Loan requires personal identification information, financial information about the borrower's income, credit history, and details about the student attending school.
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