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20162017 Parent PLUS Loan Authorization FormStudent Name: (Last, First, MI) (Date of Birth)Parent Borrower Name: (Last, First, MI) (Student ID No.) (Social Security Number)Parent Street Address: City,
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How to fill out 2016-2017 parent plus loan
How to fill out 2016-2017 parent plus loan
01
Gather all the necessary documents such as your Social Security number, driver's license, and financial information.
02
Visit the official website of the U.S. Department of Education's Federal Student Aid (FSA) and log in using your FSA ID.
03
Select 'Apply for a PLUS Loan' and choose the 'Parent PLUS' option.
04
Complete the application by providing accurate and detailed information about yourself and your child who is attending college.
05
Review the loan terms and conditions before submitting the application.
06
Sign the Master Promissory Note (MPN) electronically, agreeing to repay the loan.
07
Wait for the loan to be processed and approved by the Department of Education.
08
If approved, ensure that the loan funds are used solely for educational expenses of your child.
09
Make timely loan payments as required by the loan servicer.
10
Keep track of your loan details and maintain communication with the loan servicer for any updates or changes.
Who needs 2016-2017 parent plus loan?
01
Parents who have dependent undergraduate students enrolled at least half-time in an eligible college or university for the 2016-2017 academic year.
02
Parents who are willing to borrow money to help cover their child's education expenses.
03
Parents who have a good credit history and are able to pass a credit check.
04
Parents who want to take advantage of the Parent PLUS loan program to assist in funding their child's education.
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What is parent plus loan authorization?
Parent PLUS Loan Authorization is a form that allows a parent to authorize the Department of Education to use their financial information to determine eligibility for a Parent PLUS Loan.
Who is required to file parent plus loan authorization?
A parent who is applying for a Parent PLUS Loan on behalf of their dependent child is required to file the Parent PLUS Loan Authorization form.
How to fill out parent plus loan authorization?
To fill out the Parent PLUS Loan Authorization form, the parent must provide their personal information, including income and asset details, as well as information about their child's school.
What is the purpose of parent plus loan authorization?
The purpose of the Parent PLUS Loan Authorization form is to allow the Department of Education to assess the parent's financial situation and determine their eligibility for a Parent PLUS Loan.
What information must be reported on parent plus loan authorization?
The Parent PLUS Loan Authorization form requires information about the parent's income, assets, employment status, and the school attended by their dependent child.
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