2012-13 Federal Parent PLUS Loan Application - Western Michigan: Fill out & sign online

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Click ‘Get Form’ to open the 2012-13 Federal Parent PLUS Loan Application in our editor.
Begin by entering the Student Name and WIN (Western Identification Number) at the top of the form.
In the '2012-13 Asset Information' section, provide the total current balance of cash, savings, and checking accounts for both parent and student. Ensure you do not include any student financial aid.
Next, input the net worth of investments excluding your home. This includes real estate, trust funds, and other securities. Be precise in calculating current value minus debt.
Fill in the net worth of any businesses or investment farms owned. Remember to only include debts that are collateralized by these assets.
Sign and date the form at the bottom. If you are a dependent student, ensure a parent also signs below your signature.

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How do I get a federal parent plus loan?

How to Apply Complete the FAFSA. Complete the Federal Direct Parent PLUS Loan application. Make sure to log in with the parents FSA ID, not the students FSA ID. Complete the Master Promissory Note (MPN) Please allow 7-10 business days for the loan to be added to your students Financial Aid Offer (viewable in Workday)

How hard is it to get approved for a parent PLUS loan?

The Parent PLUS Double Consolidation Loophole is a strategy that requires a parent with more than one Parent PLUS loan to consolidate them twice. The consolidation requires that it be done in a specific sequence to eliminate the Parent PLUS tag on the consolidated loans.

Who qualifies for a federal parent PLUS loan?

Drawbacks of the Parent PLUS Loan Discharge: Federal parent PLUS loans are rarely discharged for financial difficulties resulting from unemployment, age-related or other illnesses and injuries, or bankruptcy. Nontransferable: Parents cannot transfer the PLUS loan to their student to repay after they finish school.

Where to check parent plus loans?

Find Your Parent PLUS Loan Information Visit My Aid to view information about all of the federal student loans and other financial aid you have received and to get contact information for your loan servicer.