Your web browser will not help this video clip. When you look at the Direct Loan system, the U.S. Department of Education could be the loan provider for the education loan. The Direct PLUS loan program can be obtained to moms and dads of the reliant undergraduate pupil whom is entitled to educational funding. Unlike the Direct Loans for pupils, however, moms and dads obtaining an immediate PLUS Loan must fulfill particular credit criteria.
Application Process: to utilize for a primary PLUS Loan,
- Your pupil must finish a free of charge Application for Federal Student help (FAFSA) at fafsa.gov with Ivy Tech Community College listed among the school choices (school code: 009917). Those must also be reviewed by the Financial Aid Office before your loan eligibility can be determined if you or the student are required to submit any other documents.
- Sign up to studentloans.gov utilizing your FSA ID. Click the backlink to “Request a primary PLUS Loan” and proceed with the steps for the PLUS” that is“Parent loan. This task is when the credit check shall be done.
- If the credit is authorized, you shall have to finish a Master Promissory Note (MPN). Make sure you finish the MPN when it comes to “Parent PLUS” loan choice.
- Your details shall be provided for Ivy Tech Community university, where your student’s campus Financial help workplace will figure out the absolute most you are able to borrow. Read more