Direct PLUS Loan Application for ParentsWilliam D. Ford Federal Direct Loan ProgramFederal Direct PLUS Loan Request for Supplemental Information 


What is a Direct PLUS Loan Application for Parents? 
This is a request for supplemental information in connection with your application for a Federal Direct PLUS Loan Direct PLUS Loan through the William D. Ford Federal Direct Loan Direct Loan Program. Some schools may have a different process for obtaining the additional information needed to process your Direct PLUS Loan application. The information that you provide will be sent to the school that you select. The school you select will use the information collected to determine your eligibility for a Direct PLUS Loan and process your application. Before you can receive a Direct PLUS Loan , you must complete a Direct PLUS Loan Master Promissory Note Direct PLUS Loan MPN, which explains all of the terms and conditions of Direct PLUS Loans and constitutes your legally binding agreement to repay all Direct PLUS Loans that you receive under the Direct PLUS Loan MPN. You will have an opportunity to complete the Direct PLUS Loan MPN after you complete the Direct PLUS Loan Request. The Direct PLUS Loan Application allows you to authorize the school to use your loan funds to satisfy other educationally related charges after tuition and fees, and room and board have been paid. You are not required to provide this authorization. As a parent borrower , the Direct PLUS Loan Application also allows you to : Designate whether the school pays any credit balance to the student or to you. Request a deferment while the student is in school Request an additional deferment for 6 months after the student ceases to be enrolled at least half time. BEFORE YOU CONTINUE: If you have placed a security freeze on your credit file , you must lift or remove the freeze at each credit bureau before you continue. Your application will not be processed if you have a security freeze. 

Apply for a PLUS 

user: Hi, I am looking for information on the Direct PLUS Loan Application for Parents

assistant: Are you aware of the application process for parents for a Direct PLUS Loan?

user: Yes, but I may need some help with it

assistant: Just to let you know, the Direct PLUS Loan Application for parents is a request for supplemental information in connection with your Direct Plus Loan application through the William D. Ford Federal Direct Loan Program. Schools differ on the processes that applicants must go through with these applications

assistant: May I ask, are you a parent borrower?

user: No, I'm not

user: How do I apply for a PLUS Loan through the FSA?

assistant: To start with, you need to log in to the website with your own personal login credentials

user: Will it cause any problems for me if I have placed a security freeze on my credit file when applying for a Direct PLUS Loan for Parents?

assistant: In order to proceed, you will need to have this freeze removed at whatever credit bureau before proceeding. If you possess a security freeze, your application cannot proceed

user: Do I have any options in relation to where the proceeds of the Direct PLUS Loan are sent?

assistant: You may designate whether your school can send credit balance to either yourself or to the student