Federal Direct PLUS Loan Application Parents - UG

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 (*).

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.

* 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
 
 
* Country
 
Parent Borrower's Driver's License Number
 
 
* Home phone number Cell/Work phone
 
Parent Borrower's E-mail address
 
 
* Citizenship status - You 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. The last day to apply for Fall Only loans is December 13, 2013 at 12 pm.
     
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, 2013, the origination fee for the Direct PLUS Loan will be 4.204%.
 
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.
 
*Credit Decision
The University of Miami will not notify you of a credit decision. Credit decisions are mailed directly to the borrower from the Department of Education and copies of these notices will be available online at www.studentloans.gov.

By checking this box you acknowledge that it is the borrower's responsibility to follow up on all credit decisions with the Department of Education and to complete a PLUS Loan Master Promissory Note online at www.studentloans.gov.
I acknowledge

All loans that are missing complete Master Promissory Notes or that are not credit approved within 30 calendar days from the first day of classes or when the loan is processed will be removed from a student's "Pending Financial Aid" and no longer applied to the balance due. If your PLUS loan is denied based on credit and you will not be proceeding with a credit decision appeal or a cosigner/endorser please notify our loan department via email at loans.ofas@miami.edu.
 
*Refund Disbursement Designation
Please select where the Parent PLUS Loan refund should go. To the parent or to the student's account.
Refund to parent
Refund to student's account
 
* Parent Borrower's Electronic Signature * Date (MM/DD/YYYY)
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