October 28, 2009

Do I Need to Complete the FAFSA for My Parent Plus Loan?

Posted in FAFSA, Parent PLUS Loans tagged , , at 3:00 PM by dbonvie

Parents must complete a Plus loan application and Master Promissory Note to be eligible for a Parent Plus loan, but completion of the FAFSA may not be required. Parent borrowers only need to complete a FAFSA if the school the child is enrolled in requires it.

A parent may obtain additional loans for the same dependent student based on the original MPN for up to 10 years from the date the parent first signed it.