Get the free 2012-2013 Federal Direct PLUS Loan Application for Parents - clemson

Este formulario es una solicitud para el Préstamo Federal Directo PLUS, diseñado para permitir a los padres de estudiantes de pregrado dependientes pedir prestado dinero para cubrir los gastos educativos

How to fill out 2012-2013 federal direct plus

How to fill out 2012-2013 Federal Direct PLUS Loan Application for Parents

1. Gather all necessary documents, such as your Social Security number and your child's information.
2. Visit the official Federal Student Aid website to access the 2012-2013 Federal Direct PLUS Loan Application for Parents.
3. Fill out the personal information section, including your name, address, and Social Security number.
4. Indicate the amount you wish to borrow, keeping in mind the cost of your child's education.
5. Provide information about your child's school, such as the school's name and Federal School Code.
6. Complete the credit check consent section by providing your consent for the Department of Education to conduct a credit check.
7. Review all the information you've entered for accuracy.
8. Submit the completed application either online or through the designated mail-in address, if applicable.

Who needs 2012-2013 Federal Direct PLUS Loan Application for Parents?

1. Parents of dependent undergraduate students who need additional funds to cover education costs.
2. Parents seeking financial assistance to help with tuition, room, board, and other related expenses for their child attending college.

People Also Ask about

Is direct PLUS loan the same as parent PLUS loan?

Note: A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student. Begin your Direct PLUS Loans application online.

Are parent PLUS loans forgiven after 10 years?

The Bottom Line. Yes, borrowers with Parent PLUS Loans can have their debts forgiven after 10 years (or 120 eligible monthly payments) with the PSLF program.

What is the difference between a direct PLUS loan and a parent PLUS loan?

Note: A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student. Begin your Direct PLUS Loans application online.

How many years do you get to pay off a parent PLUS loan?

Generally, you'll have from 10 to 25 years to repay your loan, depending on the repayment plan that you choose. Your required monthly payment amount will vary depending on how much you borrowed, the interest rates on your loans, and your repayment plan. Choose a repayment plan that best meets your needs.

How can I get rid of my parent PLUS loan?

Here are four methods you can try for working toward parent PLUS loan forgiveness, depending on your personal situation. Income-Contingent Repayment (ICR) Public service loan forgiveness (PSLF) Career-based loan repayment assistance programs. Refinance parent PLUS loans in your child's name.

Is it hard to get approved for the parent PLUS loan?

Unless you have current collections it's pretty easy to get approved for a parent loan, your credit score is fine. If you're declined you can appeal and prove you've paid off anything.

Do parent PLUS loans qualify for forgiveness?

Parent PLUS Loans are not excluded from PSLF, but they are not eligible for all income-driven repayment plans. Parent PLUS borrowers can consolidate their debt to access the ICR plan and thus, PSLF.

What are the disadvantages of a direct PLUS loan?

What Are Some Reasons to Avoid PLUS Loans? First, PLUS loans have no automatic grace period. Then there's the fact they aren't eligible for most IDR plans. Then, borrowing too much is easy to do, and finally, they're nearly impossible to get out of, even in bankruptcy.

Are parent PLUS loans a good idea?

Parent Plus loans have higher interest rates and fees, so they're generally not a good idea. Plus, it's your degree, not your parents, so you should be responsible for the costs. Stick with private loans and focus on manageable debt.

What is the loophole for parent PLUS Loans?

The Double Consolidation Loophole for Parent PLUS Loans is a strategy that reduces your monthly payments through better income-driven repayment plans (such as PAYE, IBR, or SAVE) achieved by consolidating your loans twice.

For pdfFiller’s FAQs

What is 2012-2013 Federal Direct PLUS Loan Application for Parents?

The 2012-2013 Federal Direct PLUS Loan Application for Parents is a federal loan program that allows parents of dependent undergraduate students to borrow money to help pay for their child's college education expenses.

Who is required to file 2012-2013 Federal Direct PLUS Loan Application for Parents?

Parents of dependent undergraduate students who wish to borrow funds to cover educational costs are required to file the 2012-2013 Federal Direct PLUS Loan Application.

How to fill out 2012-2013 Federal Direct PLUS Loan Application for Parents?

To fill out the application, parents must complete the online application process through the Federal Student Aid website, provide necessary personal and financial information, and sign the application electronically.

What is the purpose of 2012-2013 Federal Direct PLUS Loan Application for Parents?

The purpose of the application is to enable parents to access federal loans to finance their child's college education, covering costs such as tuition, fees, room, board, and other educational expenses.

What information must be reported on 2012-2013 Federal Direct PLUS Loan Application for Parents?

The application requires parents to report personal information, such as Social Security numbers, income data, filing status, and information regarding the student for whom they are borrowing.