Federal Direct Parent PLUS Loan Application 2008-2009

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Federal Direct Parent PLUS Loan Application 2008-2009 Powered By Docstoc
					                Office of Financial Aid and Scholarships
                                                                                          Federal Direct Parent
                218 Kerr Administration Building, Corvallis OR 97331-2120                 PLUS Loan Application
                T 541-737-2241 | F 541-737-4494 | E financial.aid@oregonstate.edu/
                                                                                               2008-2009
                                                                                     (Parent Loan for Undergraduate Students)


A. Student Information

Name: Last_______________________First______________Middle______________ ID: _______ - _______ - _______

Date of Birth: Month_________________Day__________Year__________

B. Parent Borrower Information (Note: only ONE PARENT may complete this form)

1. Social Security Number: ______- ______ - ______

2. Parent Borrower (legal name): Last___________________________First___________________Middle____________

3. Permanent Address: __________________________________________________________________

             City_______________________________State______________________Zip____________

4. Date of Birth: Month_________________Day_________Year_________

5. Telephone Number: (          ) ____________________ Email Address: ________________________________________
                                                                                                     Optional
6. US Citizenship Status (check one):
   □     US Citizen or national
   □     Permanent Resident/other eligible alien. Alien Registration Number ___________________
   □     None of the above (you are not eligible for a PLUS loan)

7. Drivers License Number: ________________________________ State of issue: ____________
   (Enter the number of your driver’s license. If you do not have a driver’s license, write NONE.)

8. Are you in default on a federal education loan?                  Yes              No

  Do you owe a refund on a Federal Student Grant?                    Yes             No

9. Loan amount being requested for the 2008-2009 Academic Year: $ _________________ **required for processing**

            My student is attending summer 2008 and I would like them to receive a portion of this loan for summer
            term.

C. PLUS Master Promissory Note (MPN)
   □      I will complete the PLUS MPN electronically at http://dlenote.ed.gov. (Please see reverse side for instructions.)
   □      I previously completed a PLUS MPN for this student (already on file).

    The parent PLUS loan will be posted directly to the student’s billing account. Any funds remaining after payment
    has been made to university charges will be returned to the student in the form of a refund check or direct
    deposit.
    □       Check here if you would like the PLUS loan refund sent directly to the parent borrower.


Should the parent borrower become deceased at any point during the academic year, further disbursements of this
parent loan cannot be made.

I certify that I am the parent of the above named student and that to the best of my knowledge the information
I have reported to obtain a Federal Direct Parent Loan is true, complete and accurate.



Parent Signature __________________________________________ Date ___________________
        Office of Financial Aid and Scholarships
        218 Kerr Administration Building, Corvallis OR 97331-2120
        T 541-737-2241 | F 541-737-4494 | E financial.aid@oregonstate.edu/




                                                2008-2009
Dear Parent and Student:

One of the options offered by Federal Student Aid to help families pay for higher
education for dependent students is the PLUS (Parent Loan for Undergraduate Students)
loan program. PLUS loans are offered through William D. Ford Federal Direct Parent
Loan PLUS Program. The maximum amount parents may borrow for the year is the
difference between the Cost of Attendance and any other financial aid awarded to the
student (both are listed on the student’s award letter – note that the PLUS loan may be
included in the award as Federal Direct Parent Loan).

Information about the PLUS program is available in the “Financial Aid Award Guide” sent
with the award letter. The award guide is also available online at:
www.oregonstate.edu/admin/finaid/AwardGuide/programs.html

Additional information about the Direct PLUS Loan is available online at:
http://www.ed.gov/offices/OSFAP/DirectLoan/pubs/parentbasics.pdf

Information is given below for parents who want to apply for PLUS loan. Please contact
our office at (541) 737-2241 or at financial.aid@oregonstate.edu with questions about
PLUS loans and the application process.

Sincerely,

Emilio Vejil
Director

The Plus Loan Process


•   One parent fills out the PLUS Loan application on the reverse side of this letter and
    returns the completed application to the OSU Office of Financial Aid and
    Scholarships. Receipt of the completed application will initiate the approval process
    with the U.S. Department of Education.

•   That same parent has to obtain a Federal PIN at: http://www.pin.ed.gov if he or she
    does not already have a PIN.

•   If that same parent has not previously signed a master promissory note for this
    student, he or she must do so at: http://dlenote.ed.gov.

•   The U.S. Department of Education will send approval or denial notification to the
    parent.

•   If approved, completed loans will be disbursed in multiple payments to the student’s
    OSU account and any applicable refunds will be made payable to the student, unless
    otherwise noted by parent borrower.

•   Please contact the Office of Financial Aid and Scholarships if disbursement does not
    occur.

				
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Description: PLUS loans are offered through William D. Ford Federal Direct Parent ... One parent fills out the PLUS Loan application on the reverse side of this letter and ...