Federal Direct Parent Plus Loan Application: Fill & Download for Free

FAFSA is a form, nothing moreThe loans that FAFSA can give you access to (Direct and Parent PLUS) are never based on creditworthiness and are largely not means-tested for undergraduatesWhile the loan terms are not ideal, his parents qualify for Parent PLUS loans if they were rejected for private loans (that’s what they’re for)Your friend is confused, not entirely honest, or both. If it’s the former, he should speak to his school’s office of financial aid.I suspect that one of two things has happened. First, he has exhausted federal Direct loans (unlikely) or he has lost financial aid eligibility due to a lack of academic progress (more likely).

The eight colleges that play sports together in the Ivy athletic league (Ivy League ) and many of the other elite Private universities like MIT, Duke, Stanford, Caltech, etc. offer Up To full financial aid to any student who Requested financial aid during the application process. (see below about Need-blind and need-aware).Most of those universities are Need-Blind for US citizens, permanent residents and legal refugees. However, most of those universities are Need-Aware in the admissions process for international applicants. Most need-aware colleges will Never provide financial aid to an undergraduate student if they did Not request financial aid during the initial application process (freshman application or transfer application). Whereas a Need-Blind university will provide financial aid whenever a student applies for the aid.However, the application can be a tedious process since the applicant and All of her/his parents must fill out a daunting amount of forms which must be verified by an independent agency in the applicant’s country (for the USA, the colleges rely upon the Federal IRS. Twice I had to wait for IRS verification when my son was requesting financial aid from Villanova in 2012 and 2013). You all fill out the FAFSA forms (US only) and the PROFILE forms (everyone else) and there may be another set of forms that are used.FAFSA - Free Application for Federal Student AidApply for College Financial Aid (PROFILE)I know families that:The college demanded complete bank statements for all of the siblings (under the age of 16) of the applicant to make certain that the family was not hiding money in the siblings’ namesThe college demanded a huge amount of additional paperwork for families that owned a small business. Many colleges look at small businesses as places to hide moneyThe Plus side is that some applicants get full financial aid. For example recently MIT stated that 35% of the MIT undergraduates received financial aid in excess of the cost of tuition (i.e. MIT was also assisting with the cost of room and board and books/supplies)NOTE: All of the colleges look to the Family and the Applicant to determine an Expected Family Contribution (EFC). The colleges all expect that the student will contribute to that EFC. Therefore, do Not think that each Summer you will be lying on the beach somewhere for the entire Summer. The student is Expected to get a Summer Job each and every Summer prior to being an undergraduate at college and Earn several Thousand dollars (US) from that and Contribute that money to their education. Or, Borrow from the Federal Government (Direct Loans). Indeed, roughly 30% of the 2017 MIT graduating students with bachelors degrees owed an average of $20,000 in student loans. And this is at a college that guarantees up to full student aid. Every student has “skin in the game”.I did Not borrow money to attend MIT as an undergraduate (1969 - 1973) and I worked an average of 10 hours per week as an intramural sport referee/umpire to make spending money. I graduated with no loans, but times were different back then.Need-Blind admission process, then you can apply for financial aid at Any time as an undergraduate.Need-Aware admission process, then you must apply for financial aid when you apply to the college or you may Never apply for financial aid from the college.FAFSA and PROFILE forms. Go online and read. Also use the net-price calculators that US universities are Mandated by the Federal Government to provide.Enjoy the financial aid application process (and for the males that includes registering with the Selective Service for the draft…) it is part of your overall education.

Here is a link on the subject: Aid for Post-Baccalaureate Program StudentsEDIT: Obtaining a scholarship is school specific. That link talks about opportunities at Brandeis. I have included the excerpt about federal aid below since that should be applicable to all eligible programs."For purposes of federal financial aid eligibility, post-baccalaureate program students are considered enrolled in "preparatory coursework to enroll in a graduate program." Independent students and dependent students whose parents are denied a PLUS loan are eligible to borrow a total of $12,500 in Stafford Loans (up to $5,500 of which can be Subsidized) through the Federal Direct Loan Program. Dependent students whose parents can borrow a PLUS loan may borrow a total of $5,500 in Stafford Loans (subsidized and/or unsubsidized) through the Federal Direct Loan Program.Post-baccalaureate students can only receive a Direct Loan for one consecutive 12-month period per Federal regulations. Students must be enrolled in at least half-time status (2 courses per semester minimum). Unsure if you are considered an independent student or a dependent student? Find out here.Post-baccalaureate students are not eligible to apply for the Direct PLUS Loan (also referred to as the GraduatePLUS loan or GradPLUS loan)."If you were unsuccessful at getting into medicine, and want to do a post-bacc to increase your chances, strongly consider whether you want to spend another year of your life pursuing this goal, or whether you would prefer to go into a different field. Medicine doesn't hold the monopoly on smart/successful people. Just because you didn't get accepted, that doesn't mean that you can't be successful elsewhere. Be strategic when thinking about your life choices and consider things that you hadn't previously considered.