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2012-20 013 Fede eral Dire ect PLUS S Loan R Request F Form - cod

2012-20 013 Fede eral Dire ect PLUS S Loan R Request F Form - cod-2025

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The document is a Federal Direct PLUS Loan Request Form from the College of DuPage, designed for parents to borrow funds on behalf of their dependent students to cover educational expenses. It outlines the application process, eligibility criteria, loan amounts, repayment terms, and necessary documentation required to apply for the loan. The form emphasizes that it must be completed by the parent and includes information protected under privacy laws.

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What is a federal direct loan request?

Direct Subsidized Loans are given to undergraduate students who demonstrate financial need. You wont pay or collect interest while you are in school and during the grace period after you leave school. The Department of Education pays the loans interest on your behalf during that time.

Do you have to pay back a Federal Direct Loan?

The type of aid you receive after filling out the FAFSA determines if you need to pay it back. Grants, scholarships, and work-study money dont need to be repaid but have finite funding limits. You will need to repay subsidized, unsubsidized, and Direct Plus Loans.

How do I know if my student loan is a Federal Direct Loan?

If youre wondering how to tell if your student loans are federal, you can log into the Federal Student Aid website using your FSA ID to see a list of all federal student loans in your name. On your account dashboard, you can find My Loan Servicers or check the National Student Loan Program System.

What does COD mean in financial aid?

The Common Origination and Disbursement (COD) system is designed to support origination, disbursement, and reporting for Direct Loan, Federal Pell Grant, and the Teacher Education Assistance for College and Higher Education (TEACH) Grant programs.

How do I get a student loan deferment letter?

Most deferments are not automaticyou need to submit a request to your loan servicer, often on a form. Also, for most deferments, you must provide your student loan servicer with documentation to show that you meet the eligibility requirements.

What is a direct loan request?

Direct Loans are available for you to borrow to offset your tuition and assist you with any educational related expenses. The loans are made through the William D. Ford Federal Direct Loan Program and are administered by the U.S. Department of Education.

Is a Federal Direct Loan a good deal?

The Federal Direct Student Loan program offers a number of advantages, including low interest rates and fixed interest rates, but there are downsides as well. For example, you can only borrow a certain amount each year. Consider all of your financing options before deciding which type of student loan is best for you.

What is my federal loan history?

Get your loan history by logging in to My Federal Student Aidyoull need to create an FSA ID if you dont already have one. As you review your information, note the following: The current loan balance and interest rate for each loan.

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