Federal Direct Parent Plus Loan Application - 2016-2017
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12016-17 Federal Direct Parent PLUS Loan Application
The U.S. Department of Education’s (DOE) federal parent loan program is the Federal Parent PLUS Loan Program. You borrow from the
DOE and repay directly to the federal government. Credit will be reviewed and approved by the U.S. Department of Education.
Please complete this application and return it to the Financial Aid Office.
Parent must submit a readable copy of a non-expired Government issued I.D. that includes a signature
in order for this application to be processed. (Example: Driver’s license, Passport, etc.)
By signing (below), you are consenting to a credit check by the U.S. Department of Education. Also, you attest that you have read
and agree to all the information.
A first-time Direct Parent PLUS loan borrower must complete a Master Promissory Note (MPN) at https://StudentLoans.gov.
Parent borrowers may be directed, by the Department of Education, to complete PLUS Counseling at https://studentloans.gov.
Student Name
Last Name ______________________ First Name _________________________ MI
__________Last 4 of SSN_________________
Parent Information
The parent who completes this application must be the parent who completes the Master Promissory Note
To apply for a PLUS loan, the borrower must be a natural parent, adoptive parent, or stepparent (if stepparent’s income and assets are
considered on the FAFSA) of the dependent student. Grandparents, foster parents, legal guardians, aunts and uncles are not considered
parents, unless they have legally adopted the student listed on this form.
Parent Last Name _______________________First Name_______________________MI_________SSN______________
Street Address______________________________________________Email Address____________________________
City______________________State_________________Zip______________Phone_____________DOB_____________
Credit Check and Amount Request
The parent must pass a credit check by the Department of Education. For loans first disbursed on or after 07/01/2016 and prior to
07/01/2017, the parent borrower will begin paying interest on the loan of 6.31%, once the loan is disbursed.
_______I authorize a credit check
_______Please process the following amount for disbursement to apply to my student’s account: $________________
(For loans originated between 10/1/16 – 10/1/17 - Please know the Department of Education will deduct an origination fee of 4.276%
from the loan amount.) You can find a repayment calculator at
Loan period and Credit Balance Authorization. Select options below:
_____Fall and Spring term _____Fall term only _____Spring term only
_____ __________________________(write in)
If you have questions regarding the disbursement of the loan, please contact the Financial Aid Office by calling 615-771-7821.
The amount of loan requested above will be applied to the student’s account.
______If a credit balance results from the PLUS loan, I request it to apply towards the upcoming registration
-or-
______If a credit balance results from the PLUS loan; do you authorize the student to receive the refund?
Yes
No
(If no, the refund check will be mailed to the parent address above, unless otherwise specified.)
Return completed form in person, by mail, fax or email. Financial Aid Office, Williamson College, 274 Mallory Lane, Franklin, TN 37067
Tel: 615-771-7821 / FAX: 615-771-7810 / Email-cris@williamsoncc.edu
By signing this document, I certify that the above information is correct. I acknowledge that this is a federal loan in my name and I am responsible for
repayment. I understand that if I apply for multiple loans, my credit may be reviewed more than one time.
________________________________________________________
______________________________________
Parent/Borrower Signature
Date
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