Parent PLUS Loan
Request for Additional Funds
Feather River College – Financial Aid Office – 570 Golden Eagle Avenue, Quincy CA 95971
Phone (530) 283-0202 ext. 603 – Fax (530) 283-4659 – Email: firstname.lastname@example.org
Page 1 of 1 PLUSAD
C. Additional Loan – Please check the semester(s) you would like to request additional PLUS loan funds:
☐ Fall 2019 & Spring 2020
Additional PLUS Amount: $
Current interest rate is 7.08%
New loan amount equals original PLUS amount plus additional PLUS amount.
F. Parent Certification and Signature – I understand that this a federal educational loan that I must repay and, by signing this
application, I am authorizing my parent PLUS loan be reduced/cancelled as specified above. I further certify that all the information
reported on this application is complete and correct. The parent who requested the original PLUS loan must sign and date below.
Warning! If you purposely give false or misleading information you may be fined, sentenced to jail, or both.
Parent Signature: _____________________________________________________ Date__________________
This worksheet must be signed and dated to be valid. Electronic and/or digital signatures are not valid.
PLUS Amount Originated: _______________
Student’s Name: ________________________________________________ FRC ID: ______________________
Parent Name: ___________________________________________________ SSN: _________________________
D. Borrower Right to Cancel
You have the right to cancel all or a portion of your PLUS loan within 14 days of the date FRC disbursed your loan. If you would
like to cancel your loan, the funds will be reversed from your son or daughter’s student account and returned to the Federal Direct
Loan program. Notice: If a refund has already been generated, you must return the refund check with this form otherwise,
the loan cannot be reduced or cancelled.
I understand the following:
My child must be enrolled in at least 6 units in order for the parent to receive PLUS loan
The parent PLUS loan is disbursed into my student’s billing account first and FRC will use these funds to pay enrollment, housing charges,
transit fees, health fees, individual course fees, course material fees, book loans for the current year and, up to $200 of applicable prior
academic year charges.
All loans are disbursed in two equal disbursements, including single semester loans.
Loans will not be processed if loan type and dollar amounts are incomplete
*A credit check will only be performed if the initial credit check has expired. Parent PLUS loan credit checks generally expire 180 days from
the date the parent PLUS loan application was completed.
I understand all the requirements listed above: ________ (initial here)