Direct PLUS Loan Application for Parent of an Undergraduate Student.
How to Apply for Direct PLUS Loans application online? 1- Parents: apply for a parent PLUS loan 2- Graduate Students: apply for a grad PLUS loan
Parents of Undergraduate Students can use Direct PLUS Loan Application for these five things.
1- To request a Direct PLUS Loan.
2- To change the amount of a Direct PLUS Loan you previously requested.
3- To authorize how the school may use your Direct PLUS Loan funds to pay for educational expenses.
4- To designate to who the school pays any credit balance.
5- To request deferment of repayment while the student is in school and for up to 6 months after.
The information that you provide while applying for a parent PLUS loan will be sent to the school that you select.
The school will use the information to determine your eligibility for a Direct PLUS Loan and process your application.
Applicants must also complete a Direct PLUS Loan Master Promissory Note before they can receive Direct PLUS Loan funds.
For more information about the Parent PLUS loans application, visit its official website "studentaid.gov".