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DELAWARE 600 N MARKET ST COLLEGE OF ART WILMINGTON DELAWARE 19801 AND DESIGN 302.622.8000 DIRECT PLUS LOAN PRE-APPROVAL FORM PARENT REFERS TO THE DEPENDENT STUDENT S NATURAL MOTHER OR FATHER, CUSTODIAL
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How to fill out direct plus loan pre-approval
How to fill out direct plus loan pre-approval:
01
Visit the official website of the U.S. Department of Education's Federal Student Aid (FSA).
02
Create or log in to your FSA account.
03
Select the "Apply for Aid" option and click on "Apply for a Direct PLUS Loan."
04
Follow the instructions to provide your personal information, including your Social Security number and contact details.
05
Enter the loan amount you wish to borrow and specify the school or institution for which the loan is intended.
06
Complete the Loan Agreement (Master Promissory Note) by carefully reading and agreeing to the terms and conditions.
07
Provide your employment information, including your employer's name, address, and contact details.
08
Optionally, list any additional income and assets that may contribute to your loan eligibility.
09
Review your application and submit it for processing.
10
You will receive a notification regarding the status of your pre-approval, typically within a few days.
Who needs direct plus loan pre-approval:
01
Parents or legal guardians of dependent undergraduate students may require direct plus loan pre-approval to assist in financing their child's education.
02
Graduate or professional students who are seeking financial aid may also need to go through the direct plus loan pre-approval process.
03
Individuals who meet the eligibility criteria and require additional funding to cover educational expenses beyond other financial aid options may benefit from obtaining direct plus loan pre-approval.
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What is direct plus loan pre-approval?
Direct PLUS loan pre-approval is a process where potential borrowers apply for eligibility to take out a PLUS loan before the actual loan application is submitted.
Who is required to file direct plus loan pre-approval?
Parents of dependent undergraduate students and graduate or professional students are required to file Direct PLUS loan pre-approval if they are interested in borrowing a PLUS loan.
How to fill out direct plus loan pre-approval?
To fill out Direct PLUS loan pre-approval, potential borrowers must complete the application on the official student aid website and provide necessary financial information.
What is the purpose of direct plus loan pre-approval?
The purpose of Direct PLUS loan pre-approval is to determine if the potential borrower meets the eligibility requirements for a PLUS loan before the loan application process begins.
What information must be reported on direct plus loan pre-approval?
Information such as personal details, financial information, and loan amount request must be reported on Direct PLUS loan pre-approval.
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