The Parent PLUS Federal Loan is actually for the biological parent, custodial stepparent (if information ended up being reported from the FAFSA), or adoptive parent of a reliant undergraduate pupil. A moms and dad can borrow the total estimated price of attendance (without the student’s total economic aid). If one or more moms and dad desires to borrow a Parent PLUS Loan for similar pupil, each must finish a different Federal Direct Parent PLUS Loan Request Form and Master Promissory Note (MPN).
Parent PLUS Loan procedure
- The pupil will need to have A fafsa that is current completed file.
- In the event that learning pupil has not already done this, they are able to apply online for the FAFSA. The Federal Direct Parent PLUS Request Form may not be prepared with no completed FAFSA on file.
- Complete and return a Federal Direct Parent PLUS Loan Request Form.
- Complete and return the Parent PLUS Loan Request Form into the DVC school funding workplace. Make sure to printing plainly and respond to all concerns. This kind gathers the info essential for DVC to electronically send loan information to your Department of Education. Moreover it authorizes the Department of Education to deliver the mortgage funds to DVC utilizing Electronic Funds Transfer (EFT) as well as for DVC to discharge the register the title associated with pupil via moms and dad authorization.
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