Federal Direct PLUS Loan Application for Parents of Dependent Undergraduate Students

Untitled Document

Please review our privacy statement relating to information we collect, choice/opt-out, and correction/updating of personal information before proceeding. Required questions are marked with an (*).

* Student First Name

M.I.

* Student Last Name

* Student UM ID Number

* E-mail Address

* Parent Borrower's First Name

M.I.

* Parent Borrower's Last Name

* Last four digits of Parent Borrower's Social Security Number: XXX-XX-

* Relationship to Student

	Mother/Step-Mother
	Father/Step-Father

* Parent Borrower Date of Birth (MM/DD/YYYY) / /

* Parent Borrower Address

* City

* State

* Zip Code

Parent Borrower's Driver's License Number

* Home phone number

Cell/Work phone

Parent Borrower's E-mail address

* Citizenship status - Must provide immigration status or citizenship documents to the Office of Financial Assistance Services before loan can be processed.

	U.S. Citizen
	Eligible Non-citizen - Provide Resident Alien Number

* Loan Amount Requested (to be completed by Parent Borrower)

Indicate the term for which you are requesting the loan and the amount that you are requesting

Fall & Spring	Loan Amount	$ You must enter a dollar amount above. Text descriptions for your amount requested will not be processed by our office. We are only accepting loans for 2013-2014.

Fall only	Loan Amount	$ You must enter a dollar amount above. Text descriptions for your amount requested will not be processed by our office. We are only accepting loans for 2013-2014.

Spring only	Loan Amount	$ You must enter a dollar amount above. Text descriptions for your amount requested will not be processed by our office.

Summer only	Loan Amount	$ You must enter a dollar amount above. Text descriptions for your amount requested will not be processed by our office.

Actual award offer may be different than requested amount based on determination of eligibility.
Eligibility is based on Cost of Attendance minus other financial aid awarded.

Changes to Loan Origination Fees

Effective, July 1, 2012, the up-front rebate that has been provided to Direct Loan borrowers at the time of their loan disbursement will no longer be offered. As a result, the 2.5% origination fee for the Direct PLUS Loan will increase to 4.0%.

Certification and Authorizations - to be completed by Parent Borrower

Authorization to Perform Credit Check

By my Electronic Signature below, I, the Parent Borrower, consent to allow the U.S. Department of Education and its agents to obtain a report of my credit record to determine eligibility for the Federal Direct PLUS Loan. I understand that I will be notified by the Federal Direct Loan office of the results of the review. I understand that if I apply for multiple loans, my credit may be reviewed more than one time.

Repayment Responsibilities

Please type your full name on the line below as electronic proof that you, the parent borrower, approve this request for a Federal Direct PLUS Loan. You understand that this is a loan in your name and you will be responsible for repayment. Repayment will begin 60 days after the last disbursement for the loan period noted on the loan disclosure notice, unless you have requested and been granted a deferment by the Federal Direct Loans Office.

* Parent Borrower's Electronic Signature

* Date

Questions about this form should be directed to the Office of Financial Assistance Services by phone at (305) 284-5212, fax at (305) 284-4082 or by e-mail at loans.ofas@miami.edu.

University of Miami