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Get the free Parent PLUS Loan Application - rio.edu

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UniversityofRioGrande 20172018OceofFinancialAidFederalDirectLoanReduc on/Cancel la on Please fill in the spaces below:University of the Rio Grande/Rio Grande Community CollegeStudentName: Student
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How to fill out parent plus loan application

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How to fill out parent plus loan application

01
To fill out a Parent PLUS Loan application, follow these steps:
02
Go to the official website of the U.S. Department of Education's Federal Student Aid (FSA) office.
03
Create an FSA ID and password if you don't have one already. This is used to log in and electronically sign your application.
04
Complete the Free Application for Federal Student Aid (FAFSA) for the dependent student who will be receiving the funds from the loan.
05
Visit the StudentLoans.gov website and log in using your FSA ID.
06
From the homepage, select 'Apply for a PLUS Loan' under the 'Apply for Aid' section.
07
Choose 'Parent PLUS' as the loan type and follow the instructions to provide the required information.
08
You will need to complete the application with your personal and financial details, including your Social Security number, income information, and employment details.
09
Review the application carefully before submitting and make any necessary corrections.
10
Read and accept the terms and conditions.
11
Sign the application electronically using your FSA ID.
12
Submit the application and wait for the loan approval process to be completed.
13
Once approved, you may need to complete entrance counseling and sign a Master Promissory Note (MPN) before the funds can be disbursed to the school.

Who needs parent plus loan application?

01
Parent PLUS Loan applications are typically needed by parents or legal guardians who want to borrow money to help pay for their dependent student's college education.
02
These loans are specifically designed for parents who have good credit history and want to assist their child with the cost of education.
03
The parent or guardian typically takes on the responsibility of repaying the loan, and the funds can be used to cover educational expenses such as tuition, room and board, books, and other related costs.
04
It's important to note that the parent or guardian must meet certain eligibility requirements, including creditworthiness, in order to qualify for a Parent PLUS Loan.
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The Parent PLUS Loan application is a form that allows parents of dependent undergraduate students to apply for federal loans to help cover the cost of their child's education.
Parents of dependent undergraduate students who wish to borrow money to help pay for their child's education are required to file the Parent PLUS Loan application.
To fill out the Parent PLUS Loan application, parents must complete the Free Application for Federal Student Aid (FAFSA) and then submit the Parent PLUS Loan request on the Federal Student Aid website or through their child's school.
The purpose of the Parent PLUS Loan application is to provide a way for parents to borrow funds to help pay for their child's college education costs that are not covered by financial aid.
The Parent PLUS Loan application requires parents to report personal information, financial information, and the amount of money they wish to borrow.
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