22-23 PLUS Loan Authorization Form


  PLUS LOAN AUTHORIZATION FORM 

This form is intended to be completed after a parent has completed a FAFSA for the student and steps 1 and 2 listed at our PLUS Loan website. If you have not yet completed a FAFSA for the student, please do so as soon as possible. If you have not completed steps 1 and 2, please be sure to do so once you have completed this form.

STUDENT INFORMATION

Student Name:  ,

Student ID #: Student Email Address:   


PARENT INFORMATION

Please only include information for the parent listed on the PLUS Application.

Parent Name:  ,

Address:  Phone #:   

,

Email:  Last 4 Digits of SSN:   


LOAN PERIOD

I request that Gordon College process a Federal Direct PLUS Loan for the 2022-2023 academic year. Please note that students must be enrolled at least half-time. This loan is intended to cover the following period:.


REQUESTED LOAN AMOUNT

Please note that a X.XXX% Origination Fee is deducted from your requested loan amount by the government at the time of disbursement. For example, if you need $10,000 disbursed to the school, you would need to request $10,XXX in order to cover the fee.

To calculate the Gross amount inclusive of the X.XXX% fee, use this formula: NET amount divided by X.XXXXX

NET Disbursement to School:    this is the amount you want the school to receive

GROSS Loan amount to request:    this is the amount you want the school to receive, PLUS the fee

X.XXX% FEE on Gross Amount:    this is X.XXX% of the GROSS amount


I understand that repayment on this loan will begin 60 days after the last disbursement UNLESS I request a deferment from the Department of Education. A deferment can be requested on the Federal Student Loans website. Borrowers who wish to increase the requested loan amount must notify the Student Financial Services Office.

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Document name: 22-23 PLUS Loan Authorization Form
lock iconUnique Document ID: b4491ac2311c58fe5504d2ce55872eda896ab50e
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June 16, 2022 12:22 pm EDT22-23 PLUS Loan Authorization Form Uploaded by Gordon SFS - [email protected] IP 50.233.127.46