The Parent PLUS Federal Loan is for the biological parent, custodial stepparent (if information ended up being reported from the FAFSA), or adoptive parent of a dependent student that is undergraduate. A moms and dad can borrow the total estimated price of attendance (without the pupil’s total monetary aid). If multiple moms and dad desires to borrow a Parent PLUS Loan for similar pupil, each must finish an independent Federal Direct Parent PLUS Loan Request Form and Master Promissory Note (MPN).
Parent PLUS Loan procedure
- The pupil will need to have a current fafsa finished on file.
- In the event that learning pupil 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 to the DVC school funding workplace. Make sure you printing obviously and respond to all concerns. This type gathers the knowledge needed for DVC to transmit loan data electronically to your Department of Education. It authorizes the Department of Education to send the mortgage funds to DVC Electronic that is using funds (EFT) as well as for DVC to discharge the sign in the name of this student via moms and dad authorization.
- Complete Department of Education On The Web Needs.
- Parent borrowers must finish the Parent PLUS Loan needs.
- Drop in the school funding workplace and submit PLUS Loan Request that is parent form
- Check always educational funding workplace hours for fall in times.
Exit counseling
DVC requires all federal education loan borrowers to perform exit loan guidance if they’re perhaps perhaps maybe not enrolled at minimum half-time. Continue reading
