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This document is a loan application for the Federal Direct PLUS Loan for the 2011-2012 academic year. It requires completion of all sections annually to request the loan. It includes sections for

How to fill out 2011-2012 federal plus loan

How to fill out 2011-2012 Federal PLUS Loan Request and Credit Authorization

1. Obtain the 2011-2012 Federal PLUS Loan Request and Credit Authorization form from the Federal Student Aid website or your school’s financial aid office.
2. Read the instructions carefully to understand the eligibility requirements for the PLUS loan.
3. Fill out the borrower information section, providing your personal details such as name, address, and Social Security number.
4. Indicate the academic year you are requesting the loan for, in this case, 2011-2012.
5. Select the type of PLUS loan you are applying for, whether it is for a graduate student or for a parent of a dependent undergraduate student.
6. Provide information about the student for whom you are borrowing, including their name, Social Security number, and date of birth.
7. Complete the credit authorization section by signing and dating the form, granting permission for a credit check.
8. Review your application for accuracy and completeness before submission.
9. Submit the form to your school’s financial aid office or as directed in the instructions.

Who needs 2011-2012 Federal PLUS Loan Request and Credit Authorization?

1. Parents of dependent undergraduate students who wish to borrow funds to cover educational expenses.
2. Graduate or professional students who require additional financial assistance beyond federal student loans.

People Also Ask about

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.

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

Like Direct Subsidized and Unsubsidized Loans, these loans have a fixed interest rate. Note that Direct PLUS loans are unsubsidized, meaning that interest accrues throughout the life of the loan, including while the student is enrolled in school.

Which is better, a federal direct unsubsidized loan or a federal direct grad plus loan?

Unsubsidized loans have better interest rates and a lower fee as you noted. The fees do come off the loan, so you'd have to make up the difference or take a slightly higher amount. Unsubsidized loans can benefit slightly from unpaid interest subsidies under very specific circumstances.

What is a Fed direct loan?

Ford Federal Direct Loan Program. GLOSSARY. The William D. Ford Federal Direct Loan (Direct Loan) Program is a federal student loan program under which eligible students and parents borrow directly from the U.S. Department of Education at participating schools.

What disqualifies you from a parent PLUS loan?

If you're a parent or graduate student seeking a Direct PLUS Loan, one of the requirements to qualify is that you must not have an adverse credit history.

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.

Is a federal direct PLUS loan the same as 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.

Do you have to pay back a federal PLUS loan?

You must repay the loan in 10 years. Extended Repayment Plan—Under this plan, you can choose to make fixed or graduated monthly payments for up to 25 years.

For pdfFiller’s FAQs

What is 2011-2012 Federal PLUS Loan Request and Credit Authorization?

The 2011-2012 Federal PLUS Loan Request and Credit Authorization is a form used by parents of dependent undergraduate students to apply for a Federal Parent Loan for Undergraduate Students (PLUS) for the academic year 2011-2012. It involves a request for the loan amount and authorization for a credit check.

Who is required to file 2011-2012 Federal PLUS Loan Request and Credit Authorization?

Parents of dependent undergraduate students who wish to borrow a Federal PLUS loan to help pay for their child's college education are required to file the 2011-2012 Federal PLUS Loan Request and Credit Authorization.

How to fill out 2011-2012 Federal PLUS Loan Request and Credit Authorization?

To fill out the 2011-2012 Federal PLUS Loan Request and Credit Authorization, parents should provide personal information including the borrower's name, Social Security number, address, custody information of the student, and details about the loan amount requested. Additionally, they must authorize a credit check.

What is the purpose of 2011-2012 Federal PLUS Loan Request and Credit Authorization?

The purpose of the 2011-2012 Federal PLUS Loan Request and Credit Authorization is to provide a formal process for parents to request a loan to cover educational expenses for their child, while also allowing lenders to assess the creditworthiness of the borrower.

What information must be reported on 2011-2012 Federal PLUS Loan Request and Credit Authorization?

The information that must be reported on the 2011-2012 Federal PLUS Loan Request and Credit Authorization includes the borrower's personal and financial details, the student's information, the amount of the loan requested, and consent for a credit check.