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2012-2013 Graduate Federal Direct PLUS Request Form - Boston

2012-2013 Graduate Federal Direct PLUS Request Form - Boston-2025

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The document provides information about the Graduate Federal Direct PLUS loan for graduate students at Boston University for the 2012-2013 academic year. It outlines eligibility requirements, interest rates, repayment terms, borrowing limits, and the application process. The loan is a federal credit-based option to help cover education costs, with specific steps required for application including completing a FAFSA, a request form, a promissory note, and entrance counseling.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your Loan Amount Requested in the designated field. Remember, this amount will be divided into equal installments for the fall and spring semesters.
Fill in your personal information, including your Full Legal Name, Social Security Number, BU ID Number, and Date of Birth. Ensure that all details match your Master Promissory Note.
Indicate your U.S. Citizenship Status by checking the appropriate box and providing an Alien Registration Number if applicable.
Complete your Permanent Address and Home Telephone Number fields accurately to ensure proper communication from Student Financial Services.
Finally, print the application, sign it where indicated, and date it before submitting it to Student Financial Services at Boston University.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are the disadvantages of a direct plus loan?

What Are Some Reasons to Avoid PLUS Loans? First, PLUS loans have no automatic grace period. Then theres the fact they arent eligible for most IDR plans. Then, borrowing too much is easy to do, and finally, theyre nearly impossible to get out of, even in bankruptcy.

What is the maximum amount for a federal direct graduate PLUS loan?

Graduate: $20,500 annual; $100,000 aggregate. Professional: $50,000 annual); $200,000 aggregate. Combined graduate + professional borrowing: capped at $200,000. A separate lifetime limit of $257,500 applies to all federal student loans (excluding Parent PLUS loans borrowed on your behalf)

What is a federal direct graduate plus loan?

Whats the status of my PLUS loan application? Log in to your StudentAid.gov account and check My Documents to see if your PLUS loan application is on file. Call your school for an update on your PLUS loan award. Contact the Federal Student Aid Information Center if you have questions about your credit appeal process.

How does a federal direct plus loan work?

Note that Direct PLUS loans are unsubsidized, meaning that interest accrues throughout the life of the loan, including while the student is enrolled in school. The borrower is charged a loan fee (equal to a small percentage of the amount borrowed) to process a Direct PLUS Loan.

What is the difference between a Grad PLUS loan and a direct plus loan?

The U.S. Department of Education makes Direct PLUS Loans to eligible graduate or professional students through schools participating in the Direct Loan Program. (We also offer Parent PLUS loans.) A Direct PLUS Loan is commonly referred to as a grad PLUS loan when made to a graduate or professional student.