Federal Direct Parent Plus Loan Application Form printable pdf download

Office of Financial Aid

2802 Moore Highway, Box 23

Tifton, Georgia 31793

Fax: 229-391-4871

FEDERAL DIRECT PARENT PLUS LOAN

Requirements & Application

Complete the Free Application for Federal Student Aid (FAFSA) prior to requesting a

Federal Direct Parent PLUS loan. The FAFSA can be filed on-line by going to

Submit a complete Parent PLUS Loan Application to the Financial Aid Office at least

30 days prior to the time loan funds are needed.

A first-time Federal Direct PLUS loan borrower must complete the Federal Direct

Parent PLUS Master Promissory Note (MPN) at

using the

FSA ID. If the borrower does not have a FSA ID, one can be requested at

IMPORTANT NOTES

It is not necessary to select a lender for the Federal Direct Parent PLUS loan is a Direct Lending school

and the Parent PLUS loan will be set up with the Federal Direct Loan Program through the U.S.

Department of Education.

The Parent PLUS loan will be accruing interest once the loan disburses and repayment will begin

approximately two months after the full loan disburses. If uneven loan amounts are requested in fall and

spring semesters, repayment will begin earlier. Parent PLUS loan borrowers have the option of deferring

repayment until after the student ceases to be enrolled half time (6 credit hours). This deferment may be

extended into the 6-month period after the student ceases to be enrolled at least half time. Parent

borrowers must call the Direct Loan Servicing Center (DLSC) at 800-848-0979 to request a deferment.

The Parent PLUS MPN must be completed for the initial Parent PLUS loan, but not for subsequent loans.

However, if the Parent PLUS borrower changes, the new borrower must complete a MPN using their

assigned PIN.

The FAFSA and Parent PLUS Loan Application must be completed each year.

Approval or denial of the Parent PLUS Loan is given by Direct Loans and not ABAC.

If the Parent PLUS loan is denied and the parent does not wish to seek an endorser, a student may

request an additional unsubsidized loan in their name by completing the Request Adjustment to

Federal Student Loans Form.

All requirements must be complete before the Parent PLUS Loan funds can be disbursed. Failure to

complete all requirements will result in a delay in loan disbursements and possible cancellations of the

loan. Students can check for processing requirements through their Banner student account.

Parents have the right to cancel all or part of the Parent PLUS loan prior to the first day of the

semester or within 14 days of notification of the loan. Parents may also reduce the amount of the PLUS

loan or cancel a future disbursement by submitting a written statement to the Office of Student

Financial Services as soon as possible before disbursement.

Federal Direct Parent Plus Loan Application Form