Ventura College participates into the William D. Ford Federal Direct Loan Program. The U.S. Department of Education could be the loan provider when it comes to William D. Ford Federal Direct Parent Loan for Undergraduate Students (PLUS) Loan Program.
The parent must be the student’s biological or adoptive mother or father to borrow a PLUS loan for a student. A stepparent can also be entitled to borrow a bonus loan if his or her income and assets will be taken into consideration whenever determining the student’s that are dependent. a appropriate guardian is perhaps maybe not considered a moms and dad for Federal scholar help purposes. Your youngster must certanly be a dependent pupil that is enrolled at minimum half-time at Ventura university. For school funding purposes, students is considered “dependent” if she or he is under 24, unmarried, and it has no appropriate dependents at that time the complimentary Application for Federal Student help is submitted. In case a pupil is recognized as dependent, then a earnings in addition to assets associated with moms and dad need to be reported regarding the FAFSA. Continue reading “Direct PLUS Loans. What are the Eligibility Needs?”