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Federal Direct Parent PLUS Loan Request Form Step 1 If you plan to borrow a Federal Direct Parent PLUS Loan for the 2014-2015 academic year or if you apply and are denied, you MUST complete this form
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How to fill out download parent plus loan

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How to Fill Out the Direct Parent Plus Loan:

01
Gather the necessary documents: Begin by collecting the required paperwork which may include your Social Security number, driver's license, previous year's tax returns, and income verification.
02
Access the online application: Visit the official website of the U.S. Department of Education's Federal Student Aid website. Look for the Direct PLUS Loan application and click on it to commence the process.
03
Select the loan type: Indicate that you are applying for a Parent PLUS Loan. This loan is specifically designed for parents or legal guardians of dependent undergraduate students seeking financial assistance for educational expenses.
04
Complete the borrower information: Enter your personal details such as name, address, date of birth, and contact information. Provide accurate information to ensure smooth processing.
05
Declare the student's information: Include the student's name and school details. Ensure that you have the correct institution information to avoid any delays.
06
Specify the loan amount: Determine the amount you wish to borrow. Consider factors like tuition fees, textbooks, housing, and other relevant educational costs. It's essential to only borrow what is necessary to minimize debt.
07
Submit the loan request: Verify that all the provided information is correct, review the terms and conditions, and submit your application. You may need to sign using your Federal Student Aid (FSA) ID, so ensure you have it ready.

Who needs a Direct Parent PLUS Loan?

01
Parents or legal guardians of undergraduate students: The Direct Parent PLUS Loan is ideal for parents who want to assist their dependent undergraduate children with expenses related to their education.
02
Families who require additional financial support: If the federal student aid, scholarships, and other available funding options do not cover the total cost of education, a Parent PLUS Loan can fill the financial gap.
03
Individuals with a good credit history: Approval for the loan typically requires a credit check. However, having less-than-perfect credit may still be eligible if you apply with an endorser or demonstrate extenuating circumstances.
Remember, filling out the Direct Parent PLUS Loan application accurately and thoroughly is crucial for a successful loan approval process. Be sure to double-check all the information provided and submit the application on time to secure the necessary financial aid towards your child's education.
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A Direct PLUS Loan for parents is a federal loan that parents of dependent undergraduate students can use to help pay for college educational expenses not covered by other financial aid.
The parents of dependent undergraduate students are required to file a Direct PLUS Loan application.
To fill out a Direct PLUS Loan application, parents can visit the official Federal Student Aid website and complete the online application form.
The purpose of a Direct PLUS Loan for parents is to provide additional financial assistance to help cover the cost of their child's education.
Parents must provide personal and financial information on the Direct PLUS Loan application, including income, assets, and employment history.
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