Parent Plus Loan Request Form Parent Loan for Undergraduate Stevens

What is the Parent Plus Loan Request Form Parent Loan For Undergraduate Stevens

The Parent Plus Loan Request Form is a critical document for parents seeking to finance their child's undergraduate education at Stevens Institute of Technology. This form allows parents to apply for a federal loan designed specifically to help cover educational expenses not met by other financial aid. The loan is available to the biological or adoptive parents of dependent undergraduate students, enabling them to borrow up to the full cost of attendance minus any other financial aid received.

How to use the Parent Plus Loan Request Form Parent Loan For Undergraduate Stevens

Using the Parent Plus Loan Request Form involves several straightforward steps. First, parents must complete the form accurately, providing necessary personal and financial information. This includes details about the student, the school, and the loan amount requested. Once completed, the form can be submitted online or printed for mailing. It is essential to review the form for accuracy to avoid delays in processing.

Steps to complete the Parent Plus Loan Request Form Parent Loan For Undergraduate Stevens

Completing the Parent Plus Loan Request Form requires careful attention to detail. Follow these steps:

• Gather necessary information, including the student’s Social Security number, date of birth, and school information.
• Provide personal details, such as the parent’s Social Security number and contact information.
• Indicate the desired loan amount, ensuring it does not exceed the cost of attendance minus other financial aid.
• Review the terms and conditions of the loan, including interest rates and repayment options.
• Submit the form electronically or print and mail it to the appropriate address.

Eligibility Criteria

To qualify for a Parent Plus Loan, certain eligibility criteria must be met. The parent borrower must be a U.S. citizen or eligible non-citizen and must not have an adverse credit history. Additionally, the student must be enrolled at least half-time in an eligible degree program at Stevens. It is also important that the student meets the general eligibility requirements for federal student aid.

Required Documents

When completing the Parent Plus Loan Request Form, specific documents are necessary to support the application. These typically include:

• Proof of identity, such as a driver's license or Social Security card.
• Financial information, including income details from the most recent tax return.
• Admission or enrollment confirmation from Stevens Institute of Technology.

Form Submission Methods

The Parent Plus Loan Request Form can be submitted through various methods. Parents can complete the application online via the Federal Student Aid website for a quicker process. Alternatively, the form can be printed and mailed directly to the school's financial aid office. In-person submissions may also be accepted, depending on the school's policies. It is advisable to check with Stevens for specific submission guidelines.