The Parent PLUS Federal Loan is for the biological parent, custodial stepparent (if information ended up being reported regarding the FAFSA), or adoptive parent of the reliant undergraduate pupil. A moms and dad can borrow the total estimated price of attendance (without the pupil’s total monetary aid). If one or more moms and dad desires to borrow a Parent PLUS Loan for similar student, 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.
- If the learning student has not currently done this, they could apply online for the FAFSA. The Federal Direct Parent PLUS Request Form is not prepared with out a finished FAFSA on file.
- Complete and return a Federal Direct Parent PLUS Loan Request Form.
- Complete and return the Parent PLUS Loan Request Form towards the DVC Financial Aid workplace. Make sure to printing obviously and respond to all concerns. This kind collects the knowledge essential for DVC to transmit loan data electronically towards the Department of Education. Read more