Fillable 2020-2021 Parent PLUS Loan Request (Clark State Community College)

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2020-2021 Parent PLUS Loan Request (Clark State Community College)

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The 2020-2021 Parent PLUS Loan Request (Clark State Community College) form is 1 page long and contains:

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  • 4 check-boxes
  • 25 other fields

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File type: PDF

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Financial Aid
937.328.6034 | financialaid@clarkstate.edu | 570 East Leel Lane, Springfield, Ohio 45505
2020-2021 Parent PLUS Loan Request
Financial Aid
FAC20PLS
Oce Use Only
Loan period: From_________ To _________ Grade Level _____
Enrollment Status: Full-time At least half-time
COA ___________ Estimated Financial Aid $__________ Certified Loan Amount $__________
Signature of authorized school ocial ________________________________ Date __________
Instructions:
1. Review information on the back of this form.
2. Complete and sign all sections of this application.
3. Submit application to the Financial Aid Oce in person, by mail or via email to
financialaid@clarkstate.edu.
PROCESSING BEGINS JULY 1 PRIOR TO EACH ACADEMIC YEAR
Student Name________________________________Student Clark State ID Number_______________
Parent Borrower Information:
Name ______________________________________ Email Address ____________________________
Date of Birth __________________________Social Security Number____________________________
Address_______________________________________________________________________________
Street City State Zip
Driver License Number and State______________________Daytime Phone_______________________
Parent Citizenship Status: __ U.S. Citizen __Eligible Non-Citizen/Alien Registration Number: A________
Are you (the parent borrower) currently in default on a Federal Staord Loan, Supplemental Loan for
Students, or Parent PLUS Loan? ____ Yes ____ No
Total Amount Requested $_____________
Please indicate the term(s). If more than one semester is selected, the disbursements will be equal.
Fall 2020 Spring 2021 Summer 2021
SECTION D: Certification
I certify that the information on this form is true and accurate. I authorize Clark State Community
College to release any Federal Direct PLUS Loan disbursements to the student’s tuition and fee
account. I also authorize Clark State Community College to release loan disbursement information to
the student electronically.
Parent Borrower Signature___________________________________________Date_______________
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signature
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Financial Aid
937.328.6034 | financialaid@clarkstate.edu | 570 East Leel Lane, Springfield, Ohio 45505
1. File the Free Application for Federal Student Aid (FAFSA) at www.studentaid.gov/fafsa. (NOTE:
Students and parents must create a FSA ID as an electronic signature. The FSA ID will also be used
later on to sign the PLUS loan application and promissory note.)
2. Submit any requested documents to the Financial Aid Oce and review the final student financial
aid award.
Determine if you are eligible for a Parent PLUS loan. Eligibility requirements include:
a. You must be the biological or adoptive parent of a current student
b. Your child must be a dependent undergrad enrolled at least half-time (6 or more
credit hours) each semester you want to borrow PLUS loan funds
c. Your child must meet all other financial aid eligibility requirements including meeting
Satisfactory Academic Progress
d. You must not be in default on any federal student loans
e. Your credit must not be “adverse”
f. Credit decisions should be completed no earlier than July 1, 2020 and are valid for up
to 180 days
g. If “adverse” credit is determined, student could be eligible for additional unsubsidized
student loans
3. Calculate how much you can borrow. The student financial aid award letter includes a Budget. The
Budget represents average costs for tuition, fees, books, housing and miscellaneous expenses. The
combination of all financial aid awards cannot exceed the Budget. You can borrow Parent PLUS
loan funds in an amount that does not exceed the dierence between the Budget and all other
financial aid.
4. Complete a Parent PLUS loan application at https://studentaid.gov/app/launchPLUS.action. The
information you submit will be provided to Clark State in 2-3 business days. If your application is
denied, you can reapply with an endorser OR your student can contact the Financial Aid Oce
to apply for additional Unsubsidized Direct Loan for students. The amount of the additional
Unsubsidized loan can vary but, added to other financial aid, cannot exceed the Budget listed on
the financial aid award letter.
5. Complete the Clark State Parent PLUS Supplemental Form. This form is available on the Financial
Aid Forms webpage at www.clarkstate.edu. This application confirms the amount you want to
borrow and the semesters to apply the loan funds.
6. Complete a Parent PLUS Master Promissory Note at https://studentaid.gov/app/launchPLUS.action.
Your student will receive notification that the financial aid award was revised to include the
approved Parent PLUS loan. Parents will receive a disclosure notice from the U.S. Department of
Education that includes the loan amount, loan origination fees, disbursement amounts and dates.
For more information please see:
Federal Student Loans: Direct PLUS Loan Basics for Parents at
https://studentaid.gov/understand-aid/types/loans.
Steps to Apply and Accept the Parent PLUS Loan
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2020-2021 Parent PLUS Loan Request (Clark State Community College)

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Completed 3 February 2021

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