Fillable 2019 SUMMER Additional Loan Request Due To Parent PLUS Denial

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2019 SUMMER Additional Loan Request Due To Parent PLUS Denial

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2019 Summer - ADDITIONAL Loan Request Due to Parent PLUS Denial
Submit this form ONLY if our office has notified you of a Parent PLUS Denial
Federal Direct Unsubsidized Loan - This type of loan is different from the subsidized loan in that you are
responsible for the interest as it accrues while you are in school. However, you may defer payment of
both interest and principle until you leave school or fall below half-time enrollment.
Maximum Federal Borrowing Limits
**** Please take note of the following maximum federal borrowing limits for each class level and
student status. These limits are effective for the 12 month academic year beginning Fall Semester, and
continuing through Spring Semester and Summer Semester. If you borrow the full yearly amount during
fall and spring, then attend in the summer, you will not have any loan funds left over. Loan funds are
awarded separately for summer for those students who attend. A Summer Aid Request Form goes
online on the Financial Aid website shortly after spring break of each academic year and must be
submitted before this request will be reviewed.
Base
Addit’l Unsub / Dep
Addit’l Unsub / PLUS DENIAL
Freshman (less than 30 earned hours) 3,500
2,000
4,000
Sophomore (earned between 30-59 hours) 4,500
2,000
4,000
Junior or Senior (earned 60 hours or more) 5,500
2,000
5,000
Our office will initially offer the maximum loan eligibility left for summer, per your grade
level, at the time the awards are made. This form is an automatic acceptance of the
additional funds as indicated and can only be cancelled or reduced with a written request
from the student or a detailed email from your TTU email account. However, if you receive
additional awards or stop attending class after the acceptance of any portion of your loan,
our office has the right to reduce the loan according to federal regulations for need-based aid
and the student’s total cost of attendance (https://www.tntech.edu/financialaid/cost ) for
the academic year.
The Financial Aid Office strongly recommends that you visit the following links:
Create an account and complete the online Financial Literacy modules at
https://atwork.everfi.net/tntechedsouth1/login
Review your borrowing history at https://nslds.ed.gov
NAME: _________________________________________________
T# (Tech ID): T# _________________________________________
Email: __________________________________________________
By submitting this form:
I understand that my eligibility will be reviewed and I may not be eligible for the full amount I am
requesting. MONITOR YOUR EAGLE ONLINE ACCOUNT FOR UPDATES AND ANY ADDITIONAL
REQUIREMENTS.
PLEASE ALLOW at least 3 Business Days for your request to be processed. *Deadline dates are
based on the end of the official semester end date. If your last day of class is before the posted
deadline dates, you must submit the loan request a minimum of two weeks before your last day of
classes. This information is available at https://www.tntech.edu/calendar.
REASON FOR REQUEST:
I am a dependent student whose parent(s) was denied a Parent PLUS Loan: __________
AMOUNT REQUESTED: TTU requires a minimum award of $200
(Request a specific amount below or the maximum amount available. You must request whole dollar amounts
and ALL subsidized eligibility must be used first, if any. Remember to allow for origination fee of just over 1%. )
UNSUBSIDIZED Loan due to PLUS DENIAL, if eligible:
Type dollar amount or MAX : $____________________
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2019 SUMMER Additional Loan Request Due To Parent PLUS Denial

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Completed 26 February 2020

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