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Federal Parent PLUS Loan Dependency Form

Federal Parent PLUS Loan Dependency Form

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Instructions and help about Federal Parent PLUS Loan Dependency Form

hello my name is Terry and I work in the Student Financial Services office here at the University of Vermont today I would like to share a short video with you about applying and provide some information for the direct plus loan available to parents of dependent students at here at UVM undergraduates this is a loan borrowed from the Department of Education it is in the parents name and it does require credit approval for the 2425 year the interest rate is fixed at 9.08% and it does begin with a term of 10 years you may extend that of course then you would pay more interest there is also an origination fee that is deducted from the loan that is 4.22 eight% so approximately for every dollar you borrow we will receive on the students account 96 cents there are two steps to apply for the loan and I'll take you through those screens in a moment one is to apply for the plus loan at the federal website to um allow for a credit approval and the second is to complete the master promisor

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