2019-2020
PROCEDURES FOR OBTAINING A DIRECT PARENT PLUS LOAN
1) Fill out the 2019-2020 Free Application For Federal Student Aid (FAFSA) at: https://fafsa.gov
I. If the student is selected for Verification, all the required paperwork must be submitted and finalized
before the loan can be processed.
2) Visit https://studentloans.gov
and log in using your FSA ID (Username) or verified Email Address & Password
(Parents Only)
3) Complete: PLUS Counseling (→ A) & a Master Promissory Note Parent PLUS (MPN) (B)
I. Do not confuse Financial Awareness with Entrance Counseling.
4) Complete the Federal Direct Parent PLUS Loan Request Form (attached)
*Please Note: The interest rate for New Parent Plus Loans is 7.08%.
***Students are strongly advised to borrow from the Federal Direct (Subsidized and Unsubsidized) Loan program first. If
additional loan funds are still needed, we suggest the Federal Direct PLUS (for the parents of dependent students). We advise
families to exhaust all federal loan options before using private education loans.
A
B
2019-2020
Federal Direct PARENT PLUS Loan Application
Revised 02/27/2018
Office of Financial Aid
***Office use only***
Parent’s Emplid #: _____________________________
Student’s Information
_________________________________
__________________________________
__________________________________
STUDENT’S LAST NAME
STUDENT’S FIRST NAME
MI
XXX__-__XX__-________
__________________________________
__________________________________
STUDENT’S SS#
STUDENT’S CUNYFIRST ID #
DATE OF BIRTH
Borrower Information; to be completed by the Parent Borrower
Name:
____________________________
____________________________
FIRST NAME
MI
Date of
Birth:
__________/__________/_______________
MM DD YYYY
Marital
Status:
Single Married Divorced Widowed
As of Date: ________________________
Gender:
Female Male
Social Security Number:
___________-________-______________
Address:
_______________________________
______
____________________________
___________
___________
NUMBER/STREET
APT#
CITY
STATE
ZIP
Phone:
(________) __________-______________
Email:
_________________________________________________@_________________________________
Relationship to Student:
____________________________
Citizen:
Yes No
If you answered NO, are you a permanent resident of the U.S.? Yes No
If you are a permanent resident, alien registration number: A- ____________________________
Driver’s License Issuing State:
______________
License #:
_________________
Loan Amount Requested
For each academic year, you may borrow up to (but not more than) KBCC’s cost of attendance, minus the amount of other financial assistance the student receives. KBCC determines
the cost of attendance based on federal guidelines. It is important not to borrow more that you can afford to repay, even if you are eligible to borrow more.
Requested Loan Amount: $________________________
(Loan Period: Loan requests are processed for the Fall 2019/Spring 2020 semesters. Loan disbursements will be made in two equal payments/installments for the loan period certified.)
Credit Balance Option
Your Direct PLUS Loan will first be applied to the student’s school account to pay for tuition and fees, room and board (if applicable), and if you provide authorization, other educationally
related charges. Any loan amount that remains after these charges have been paid is called a credit balance. You may choose to have the school pay the credit balance to you or to the
student.
If there is a credit balance (refund) after your Direct PLUS Loan has been applied to the student’s account, to whom do you want the school to pay the credit balance?
Parent (Myself) The Student
Parent’s Certification: Your signature below certifies that you understand that this request form is not a promissory note. The promissory note needs to be completed by the parent
online by visiting: www.Studentloans.gov
.
No request for a Direct Loan can be processed until the Office of Financial Aid has received the results of your child’s/the student’s 2019-2020 FAFSA; collected any required
documentation; and determined the application information to be correct.
Federal Student Aid & City University of New York policy requires that students maintain half-time (6 Credits) in order to receive the disbursement of Direct Loan Funds.
Parent’s Signature: ________________________________________________________________________
Date: ________________________________________________
Received by:
______________
Date:
______________