Get the free DIRECT PLUS Loan Pre-Approval Application (PDF)
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DELAWARE 600 N MARKET ST COLLEGE OF ART WILMINGTON DELAWARE 19801 AND DESIGN 302.622.8000 DIRECT PARENT PLUS LOAN PRE-APPROVAL FORM COMPLETE THIS FORM IF YOU WISH TO HAVE YOUR DIRECT LOAN PRE-APPROVAL
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How to fill out direct plus loan pre-approval
01
To fill out a Direct PLUS Loan pre-approval, you will need to start by visiting the official website of the U.S. Department of Education's Federal Student Aid (FSA) at studentaid.gov.
02
Once on the website, locate the section titled "Apply for Aid" and then click on "Complete Loan Agreement (Master Promissory Note)".
03
Next, you will need to sign in using your Federal Student Aid (FSA) ID. If you don't have one, you will need to create an account and obtain an FSA ID.
04
After signing in, you will be directed to the Federal Direct PLUS Loan Application and Master Promissory Note (MPN) page.
05
On this page, you will be asked to provide personal information, such as your name, Social Security Number, date of birth, and contact details.
06
You will also need to provide information about the school you plan to attend, including its name and its school code.
07
Additionally, you will have to provide details about the loan amount you are requesting. This includes specifying the loan period (e.g., one academic year), the loan amount, and the loan type (Direct Parent PLUS Loan).
08
To complete the application, carefully review all the information you have entered, ensuring its accuracy. Make any necessary corrections.
09
Once you have reviewed everything, you can submit your application for Direct PLUS Loan pre-approval.
10
After submitting your application, you will receive a confirmation email. The school will then review your application, determine your eligibility for the loan, and notify you of the decision.
11
Finally, if your loan pre-approval is granted, you will need to complete the next steps mentioned in the approval notice, which may include signing a Master Promissory Note (MPN) and completing entrance counseling.
Direct PLUS Loan pre-approval is typically required by parents or legal guardians who intend to borrow funds on behalf of their dependent undergraduate student to cover educational expenses. It allows them to assess their eligibility and potentially secure a loan to help finance their child's education. However, it's important to note that each individual's financial circumstances may vary, and eligibility requirements may apply. It is advisable to check with the specific educational institution and the FSA for accurate information regarding the need for and process of Direct PLUS Loan pre-approval.
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What is direct plus loan pre-approval?
Direct PLUS loan pre-approval is a process that allows borrowers to check their eligibility for a Direct PLUS loan before applying.
Who is required to file direct plus loan pre-approval?
Parent borrowers who are applying for a Direct PLUS loan are required to file for pre-approval.
How to fill out direct plus loan pre-approval?
To fill out Direct PLUS loan pre-approval, borrowers should visit the official website of the loan servicer and follow the instructions provided.
What is the purpose of direct plus loan pre-approval?
The purpose of Direct PLUS loan pre-approval is to help borrowers determine their eligibility for the loan and make an informed decision before applying.
What information must be reported on direct plus loan pre-approval?
Borrowers will need to provide personal information, financial details, and other relevant documentation when filing for Direct PLUS loan pre-approval.
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