Lsu Parent Plus Loan 2019-2025 Form

What is the LSU Parent Plus Loan?

The LSU Parent Plus Loan is a federal loan program designed to assist parents of dependent undergraduate students in financing their child's education at Louisiana State University. This loan allows parents to borrow funds to cover the cost of tuition, room and board, and other educational expenses that may not be fully covered by other financial aid. The Parent Plus Loan is a credit-based loan, meaning that the borrower's credit history will be evaluated as part of the application process.

Eligibility Criteria for the LSU Parent Plus Loan

To qualify for the LSU Parent Plus Loan, borrowers must meet specific eligibility requirements. These include:

• Being the biological or adoptive parent of a dependent undergraduate student enrolled at LSU.
• The student must be enrolled at least half-time in a degree program.
• Both the parent and the student must be U.S. citizens or eligible non-citizens.
• The parent must not have an adverse credit history, as this may affect loan approval.

Steps to Complete the LSU Parent Plus Loan Application

Applying for the LSU Parent Plus Loan involves several key steps:

• Complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal student aid.
• Visit the LSU financial aid website to access the Parent Plus Loan application.
• Provide necessary personal and financial information, including Social Security numbers and income details.
• Submit the application and await notification regarding approval or denial.
• If approved, complete the Master Promissory Note (MPN) to finalize the loan agreement.

Required Documents for the LSU Parent Plus Loan

When applying for the LSU Parent Plus Loan, parents should prepare the following documents:

• Social Security number for both the parent and the student.
• Federal tax returns and other income documentation for the previous year.
• Details about any other financial aid received by the student.
• Credit history information, as it may be reviewed during the application process.

Form Submission Methods for the LSU Parent Plus Loan

The LSU Parent Plus Loan application can be submitted through various methods:

• Online submission via the LSU financial aid portal, which is the most efficient method.
• Mailing a completed paper application to the LSU financial aid office, though this may result in longer processing times.
• In-person submission at the financial aid office, allowing for immediate assistance with any questions.

Legal Use of the LSU Parent Plus Loan

The LSU Parent Plus Loan must be used for qualified educational expenses as defined by federal regulations. These expenses can include:

• Tuition and fees charged by LSU.
• Room and board costs for on-campus housing.
• Books, supplies, and equipment required for courses.
• Other necessary expenses related to the student's education.