VIEWS: 7 PAGES: 2 POSTED ON: 7/29/2010
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 ...
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 email@example.com/ 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 firstname.lastname@example.org/ 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 email@example.com 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.
Pages to are hidden for
"Federal Direct Parent PLUS Loan Application 2008-2009"Please download to view full document