School Year Federal Direct PLUS Loan Application Rowan Form

Understanding the School Year Federal Direct PLUS Loan Application at Rowan

The School Year Federal Direct PLUS Loan Application at Rowan is a vital document for graduate students and parents of dependent undergraduate students seeking financial assistance for education. This application allows eligible borrowers to apply for federal loans to help cover the cost of tuition, fees, and other educational expenses. The PLUS loan is designed to bridge the gap between the total cost of education and the amount of financial aid received from other sources.

Steps to Complete the School Year Federal Direct PLUS Loan Application at Rowan

Completing the School Year Federal Direct PLUS Loan Application involves several straightforward steps:

• Gather Required Information: Collect personal identification details, financial information, and the student's information.
• Access the Application: Visit the official Rowan University financial aid website to find the application form.
• Fill Out the Form: Carefully complete all sections of the application, ensuring accuracy in financial details.
• Review and Submit: Double-check the application for any errors before submitting it electronically or by mail.

Eligibility Criteria for the School Year Federal Direct PLUS Loan Application at Rowan

To qualify for the School Year Federal Direct PLUS Loan, applicants must meet specific eligibility requirements:

• The borrower must be a U.S. citizen or eligible non-citizen.
• The borrower must be enrolled at least half-time in an eligible degree program at Rowan University.
• The borrower must not have an adverse credit history, which may impact loan approval.
• Graduate students or parents of dependent undergraduate students can apply for this loan.

Required Documents for the School Year Federal Direct PLUS Loan Application at Rowan

When applying for the School Year Federal Direct PLUS Loan, certain documents are necessary to support the application:

• Identification: A valid driver's license or Social Security number.
• Financial Information: Tax returns or income statements to demonstrate financial need.
• School Information: Details about the student's enrollment status and program.

Form Submission Methods for the School Year Federal Direct PLUS Loan Application at Rowan

Applicants have several options for submitting the School Year Federal Direct PLUS Loan Application:

• Online Submission: The preferred method is to submit the application electronically through the Rowan University financial aid portal.
• Mail Submission: Applicants may also print the completed form and send it to the designated financial aid office.
• In-Person Submission: Alternatively, applicants can deliver the form directly to the financial aid office on campus.

Application Process and Approval Time for the School Year Federal Direct PLUS Loan at Rowan

The application process for the School Year Federal Direct PLUS Loan typically follows these stages:

• Submission: After submitting the application, the financial aid office will review the information.
• Credit Check: A credit check will be conducted to determine eligibility.
• Approval Notification: Borrowers will receive notification of approval or denial, usually within a few weeks.
• Loan Disbursement: Upon approval, funds will be disbursed directly to the school to cover tuition and fees.