Get the free Parent PLUS Loan Request Form - San Diego State University

Information and Instructions for the 2014-15 Federal Direct Parent PLUS Loan Calculate Payments Before Borrowing At the Federal Student Aid Direct Loan website, estimate the monthly payments for an

How to fill out parent plus loan request

How to Fill Out a Parent Plus Loan Request:

1. Visit the official Federal Student Aid website (studentaid.gov) and click on the "Apply for Aid" tab.
2. Select the "Apply for a Parent Plus Loan" option. This will require you to log in using your FSA ID, which you can create if you don't have one already.
3. Fill out the borrower information section, providing your personal details such as name, Social Security number, date of birth, and contact information.
4. Enter the student's information, including their name, Social Security number, school name, and enrollment status.
5. Indicate the loan period or academic year for which you are requesting the loan.
6. Review the loan amount requested and adjust if necessary. The amount borrowed cannot exceed the cost of attendance minus any financial aid received by the student.
7. Agree to the terms and conditions and submit the loan request.

Who Needs a Parent Plus Loan Request?

1. Parents or legal guardians of dependent undergraduate students may need to apply for a Parent Plus Loan if they are looking to borrow additional funds to cover the student's education expenses.
2. Typically, these loans are sought by parents who have exhausted their own financial resources and are looking for an additional source of funding to help pay for their child's college education.
3. Parent Plus Loans may be necessary when the student's financial aid package, including grants, scholarships, and student loans, does not cover the full cost of attendance at the chosen institution.
4. It's important to note that the parent or legal guardian is the borrower and ultimately responsible for repaying the loan.
5. The student must be enrolled at least half-time in an eligible program at a participating school for the parent to be eligible for a Parent Plus Loan.
6. Parents who have a good credit history are more likely to qualify for these loans, though there is a process for appealing a denial or obtaining an endorser if necessary.
7. Parent Plus Loans offer flexible repayment options and generally have higher interest rates compared to other federal student loans.

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What is parent plus loan request?

Parent PLUS loan request is a federal loan that parents of dependent undergraduate students can use to help pay for college. It is an option for parents to borrow money to cover any remaining cost of college after other aid has been applied.

Who is required to file parent plus loan request?

The biological or adoptive parent of a dependent undergraduate student is required to file the parent plus loan request. Stepparents may also be eligible if their information is included on the FAFSA form.

How to fill out parent plus loan request?

To fill out the parent plus loan request, parents must go to the StudentLoans.gov website, log in with their FSA ID, select the Parent PLUS loan option, and complete the required information and steps. They will also need to undergo a credit check.

What is the purpose of parent plus loan request?

The purpose of the parent plus loan request is to provide additional financial assistance to parents of dependent undergraduate students to help cover the cost of college expenses that other financial aid may not fully cover.

What information must be reported on parent plus loan request?

Parents must report their personal information, financial information, and information about the student for whom they are requesting the loan on the parent plus loan request form.

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