The Parent PLUS Federal Loan is actually for the biological parent, custodial stepparent (if information ended up being reported in the FAFSA), or adoptive parent of the dependent student that is undergraduate. A parent can borrow the total estimated price of attendance (without the pupil’s total monetary aid). If multiple moms and dad desires to borrow a Parent PLUS Loan for similar pupil, each must finish a different Federal Direct Parent PLUS Loan Request Form and Master Promissory Note (MPN).
Parent PLUS Loan procedure
- The pupil will need to have a present fafsa finished on file. (mehr …)