HOW TO APPLY FOR A FEDERAL DIRECT PLUS LOAN
The Federal Direct PLUS Loan program offers parents an excellent low-interest loan alternative for helping with the cost of their student's education. Parent PLUS loan borrowers must pass a credit check conducted by the Direct Loan Servicing Center. If a parent application is denied as a result of the credit check, the student may be eligible for an additional Direct Unsubsidized Loan. First and second year students may borrow an additional $4000; third and fourth year students may borrow an additional $5000. Parents and their dependent child must be U.S. citizens or eligible noncitizens and not in default on any federal education loans or owe an overpayment on a federal education grant. You can find more information about these requirements in Funding Education Beyond High School: The Guide to Federal Student Aid available at www.studentaid.ed.gov. Steps 1) Complete the Free Application for Federal Student Aid (FAFSA) if you have not already done so. This form is required for all federal loans. The FAFSA is available at www.fafsa.ed.gov. Our federal school code is 001170. 2) Complete the Federal Direct Parent PLUS loan application at https://studentloans/myDirectLoan/index.action.
3) Complete both sides of the Federal Direct PLUS Loan Request Form and submit it to the Financial Aid Office.
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