The Parent PLUS Federal Loan is actually for the biological parent, custodial stepparent (if information ended up being reported in the FAFSA), or adoptive parent of a reliant student that is undergraduate. A moms and dad can borrow the total estimated price of attendance (without the student’s total economic aid). If more than one moms and dad wants 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 should have A fafsa that is current completed 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 can’t be 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 your DVC school funding Office. Make sure you printing obviously and respond to all concerns. This type gathers the info needed for DVC to transmit loan data electronically to your Department of Education.