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Illinois Wesleyan University Office of Financial Aid P.O. Box 2900 Bloomington, IL 61702 PLUS CHANGE REQUEST FORM Federal Parent Direct Loan for Undergraduate Students (PLUS) 2014-2015 Please fill
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How to fill out plus loan 14-15
How to fill out plus loan 14-15:
01
Start by gathering all the necessary information and documents. You will need your Social Security number, driver's license or government-issued identification, your child's school information, and your financial information, including tax returns and W-2 forms.
02
Visit the official Federal Student Aid website or contact your child's school to obtain the Direct PLUS Loan request form for the 2014-2015 academic year.
03
Fill out the form accurately and completely. Provide all the required information, including your personal details, your child's information, and the loan amount you want to borrow. Make sure to review the form carefully before submitting it to avoid any errors or missing information.
04
Complete the mandatory credit check. This step is necessary to determine your eligibility for the PLUS loan. The credit check will assess your credit history and determine if you have an adverse credit history that could affect your loan approval.
05
If approved, you will be required to sign a Master Promissory Note (MPN). This document outlines the terms and conditions of the loan, including repayment details and interest rates. Read it thoroughly and sign it to finalize the loan agreement.
06
The loan funds will be disbursed directly to your child's school to cover the educational expenses. Any remaining funds after tuition and fees are deducted will be given to your child for other educational expenses.
Who needs plus loan 14-15:
01
Parents or legal guardians of dependent undergraduate students who need additional financial help to cover the cost of education during the 2014-2015 academic year may consider applying for a Direct PLUS Loan.
02
If you have explored other available financial aid options, such as scholarships, grants, and federal student loans, and still require additional funds to meet your child's educational expenses, the PLUS loan can be a suitable option.
03
It is important to note that the PLUS loan is based on credit history, and individuals with an adverse credit history may have difficulty qualifying for this loan. However, they may still be eligible if they can secure an endorser or demonstrate extenuating circumstances to the loan servicer.
Overall, the PLUS loan 14-15 is designed to assist parents or legal guardians in funding their child's higher education during the specified academic year. It is advisable to evaluate your financial situation and consider all available options before applying for this loan.
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What is plus loan 14-15?
Plus loan 14-15 is a federal student loan available to the parents of dependent undergraduate students to help pay for the cost of education.
Who is required to file plus loan 14-15?
Parents of dependent undergraduate students are required to file plus loan 14-15 if they wish to borrow money to help pay for their child's education.
How to fill out plus loan 14-15?
To fill out plus loan 14-15, parents can visit the official website of the U.S. Department of Education and complete the online application form.
What is the purpose of plus loan 14-15?
The purpose of plus loan 14-15 is to provide parents with additional financial assistance to help cover the cost of their child's education.
What information must be reported on plus loan 14-15?
Parents must report their personal and financial information, as well as the amount they wish to borrow, on the plus loan 14-15 application form.
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