William D. Ford Federal Lead Mother or father Including Mortgage (Head Together with Financing)

William D. Ford Federal Lead Mother or father Including Mortgage (Head Together with Financing)

Log off Guidance: Once you graduate, stop attending or are no longer enrolled in at least 6 credit hours, you will be required to complete Exit Counseling, even if you plan to transfer to another school or return to Ivy Tech Community College in a future semester. Exit Counseling explains your responsibilities for repayment of your Direct Loan and provides information on how to manage your student loans. To complete Exit Counseling, visit and click on the “Complete Exit Counseling” link.

Repayment: Since this is a loan, you must repay the funds you borrowed along with any interest or fees that may have accrued.

You can find several repayment solutions. The quantity and you will amount of your instalments depends on just how far your borrowed and you can hence cost package you decide on. To have information about different cost agreements, go to .

Discover a whole history of their federal financing borrowing from the bank and to locate the loan servicer (when your loan(s) was indeed allotted to a beneficial servicer), log in to this new National Education loan Studies Program (NSLDS) on nslds

As soon as your loan is actually repayment, it might be allotted to financing servicer. You might be notified who is repair the loan(s) before you can get into payment. ed.gov with your FSA ID.

About Lead Mortgage system, the You.S. Institution regarding Knowledge ‘s the financial to suit your student loan. This new Head Along with financing program can be acquired so you can parents of a established student beginner who is entitled to school funding. Instead of this new Direct Finance for college students, regardless of if, moms and dads trying to get a direct As well as Loan need to meet particular borrowing standards.

  1. The student need complete a free Application to own Government Student Services (FAFSA) during the having Ivy Technology Society University detailed among the university options (school password: 009917). For folks who and/or college student must submit other documents, those should feel assessed from the School funding Place of work in advance of the loan qualifications are computed.
  2. Sign on to having your FSA ID. Significantly less than “Make an application for Services” lick to your relationship to “Get a father And Loan” and you will stick to the methods. Note: A credit assessment would-be performed.
  3. In case your borrowing from the bank is approved, make an effort to done a master Promissory Notice (MPN). Make sure to finish the MPN to your “Parent And additionally” mortgage option.
  4. Your information will be sent to Ivy Tech Community College, where the Educational funding Place of work will determine the maximum amount you can borrow. The Financial Aid Office will process your loan for the amount requested or the amount available, whichever is greater. Please note: if you selected the loan period for the entire academic year, your loan amount will be split in to half for fall semester and half for spring semester.

If your credit is not approved during the credit check process, you still have options if you wish to receive the Direct PLUS Loan. You will be notified of these options after the credit check is complete or you can contact your student’s campus School funding Work top in Louisiana cash advance environment for information. If you are not able to obtain a Direct Parent PLUS Loan, your student may be eligible for additional Direct Unsubsidized Loan funds. The student should contact his/her campus Financial Aid Office for more information.

Credit Restrictions: The amount a parent can borrow is based on the student’s enrollment, grade level and other financial aid received. Based on these factors, the Financial Aid Office will determine the maximum amount you can borrow.

You may have several servicers based on your loan record

Upload and you may Refunds: All federal student aid, including Direct PLUS Loans, must first be sent to Ivy Tech Community College to pay any outstanding tuition, fees or other applicable charges. If there are excess funds from the Direct PLUS Loan after all applicable charges have been paid, a refund will be generated. Visit for more information on the posting and refunding process.

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