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Get the free Federal Direct PLUS Loan Request Form 2020-21 - Lord ...

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Federal Direct PLUS Loan Request Form (Parents of Dependent Students Only)202021 Complete the Free Application for Federal Student Aid (FAFSA) prior to requesting a Federal Direct Parent PLUS loan.
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How to fill out federal direct plus loan

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How to fill out federal direct plus loan

01
Obtain the Direct PLUS Loan application form from the U.S. Department of Education or your school's financial aid office.
02
Provide your personal information, including your social security number, date of birth, and contact information.
03
Complete the borrower information section, including details about your employment and income.
04
Indicate the loan period for which you are requesting funds.
05
Specify the loan amount you are requesting.
06
Review and sign the terms and conditions of the loan agreement.
07
Submit the completed application form either online or via mail to the loan servicer.
08
Wait for the loan servicer to process your application and notify you of their decision.
09
If approved, complete the Master Promissory Note (MPN) and any additional requirements specified by the loan servicer.
10
Once all requirements are met, the loan funds will be disbursed to your school.

Who needs federal direct plus loan?

01
Federal Direct PLUS Loans are commonly used by parents of dependent undergraduate students to help cover educational expenses.
02
Graduate or professional students may also be eligible for Direct PLUS Loans to finance their own education.
03
These loans are typically considered when other financial aid options, such as scholarships, grants, and federal student loans, do not fully cover the cost of attendance.
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Federal Direct PLUS Loan is a federal student loan that parents of dependent undergraduate students can use to help pay for college expenses.
Parents of dependent undergraduate students are required to file for Federal Direct PLUS Loan.
To fill out the Federal Direct PLUS Loan, parents can visit the official website of the U.S. Department of Education and complete the application online.
The purpose of Federal Direct PLUS Loan is to provide additional financial assistance to parents of dependent undergraduate students to help cover the cost of college.
Parents are required to report their personal and financial information on the Federal Direct PLUS Loan application, including income, assets, and credit history.
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