How do i add to my parent plus loan?
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Parents may complete a Parent PLUS Loan application or a request for an increase by logging into http://studentloans.gov using their parent FSA ID and password. Once logged in, the parent will want to select “Apply for a Direct PLUS Loan”.
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The parent will need to sign in with their FSA ID or create one if needed. Complete the Direct PLUS Loan application for Parents. MSU School code is G02290. Complete a PLUS loan Master Promissory Note (MPN) for Parents.
Ask the Student to Make the Parent PLUS Loan Payments. One option is to enter into an agreement with your child for the child to make the Parent PLUS Loan payments while the loan remains in the parent’s name. This solution ensures that the loan terms and repayment plan remain unchanged.
2. Determine if you’re eligible for a parent PLUS loan 3. Figure out how much you can borrow 4. Decide on a final loan amount 5. Complete a parent PLUS loan application 6. Sign a PLUS Master Promissory Note. 1. Fill out a FAFSA and review your student aid award. First, fill out a Free Application for Federal Student Aid (FAFSA) with your child.