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Parent PLUS Loan Authorization Form Parents borrowing a Direct PLUS Loan are required to complete this authorization form to instruct North American University (NAU) on how to apply excess PLUS Loan
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How to fill out parents borrowing a direct

01
Gather all necessary information and documents such as identification, income proof, and borrowing details.
02
Check the eligibility criteria and requirements for a parent borrower direct loan.
03
Fill out the application form accurately and completely, providing all requested information.
04
Submit the filled application form along with the required documents to the appropriate authority.
05
Wait for the approval process and follow up if needed.
06
Once approved, review the terms and conditions of the loan before accepting it.
07
Use the borrowed funds responsibly for the intended purpose.

Who needs parents borrowing a direct?

01
Parents who want to borrow money directly for their children's education expenses.
02
Parents who do not want their children to take out the loan in their name.
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Parents Borrowing a Direct refers to the Direct PLUS Loan program, which allows parents of dependent undergraduate students to borrow funds to help cover the costs of their child’s education.
Parents of dependent undergraduate students who wish to apply for a Direct PLUS Loan are required to file for parents borrowing a direct.
To fill out the Parents Borrowing a Direct application, parents should complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility and then apply through the Direct Loan application process via the U.S. Department of Education's website.
The purpose of parents borrowing a direct is to provide financial assistance to cover the education costs of their dependent undergraduate children that may not be fully covered by other financial aid.
When applying for parents borrowing a direct, parents must report personal identification information, income details, financial information about assets, and the cost of college attendance.
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