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: I am looking at applying for a Direct PLUS Loan for Parents through the FSA, can you give me some help with the process?

assistant: Do you know all the features and benefits of the Direct PLUS Loan for parents?

user: No, I'm not fully aware of all the features, is this something that you could help me with?

assistant: Are you aware of the process that is involved with applying for a Direct PLUS Loan?

user: I think I am, but could you go through it with me to ensure that I am fully up to speed with the process?

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

user: Through the Direct PLUS Loan for parents, do I get the funding paid directly to me or does it go to the student?

assistant: You can designate where the funds go to, either to yourself or to the student, it depends on yourself

user: What can I do with the proceeds of the Direct PLUS Loan once it is approved?

assistant: This loan allows you to authorize your school to use the funds of the loan to pay for any other charges that arise and are related to your child's education. This is after tuition, fees and room and board have been paid

user: And do I have to authorize my school to do this?

assistant: No, you are not required to authorize your school to do this