2021-22 Federal Direct Grad PLUS Change Form

This form should only be used to submit any Grad PLUS loan change requests and is only for graduate students who are borrowing a Grad PLUS loan.

(Note: This is not a Grad PLUS application and can only be used to change Grad PLUS loans that have already been approved through the Department of Education)

When changing the amount of your Federal Direct Grad PLUS loan, please keep the following in mind:

Maximum Annual Loan Limit:

Cost of education less any other financial aid received by the student.

Students are encouraged to budget their costs for the entire academic year when determining the amount of Grad PLUS loan needed.

Fees:

There is an origination fee with any Federal Direct Student Loan. The fee for a Grad PLUS loan after 10/1/20 is 4.228%

Section 1: Student Information

BW Student ID # *

First Name *

Last Name *

Section 2: Loan Change Request

Choose only one option below

Option 1

If you wish to reduce your Federal Direct Grad PLUS Loan, please check the box below.

I wish to DECREASE my Grad PLUS loan

I acknowledge that I'm requesting the loan to be reduced

Option 2

If you wish to increase your Federal Direct Grad PLUS Loan, please check the box below.

I wish to INCREASE my Grad PLUS loan

I acknowledge that increasing the loan will add to the amount I owe.

Specify the TOTAL amount you wish to receive for each disbursement

(NOT the amount you wish to decrease or increase by).

Note: You may not have requested funds for each disbursement listed below.

Enter N/A for any term that doesn't apply to your loan.

I wish to receive this amount for the Summer 2021 disbursement *

I wish to receive this amount for the Fall 2021 disbursement *

I wish to receive this amount for the Spring 2022 disbursement *

CONFIRMATION of the TOTAL amount of Grad PLUS loan you wish to receive for the 2021-22 academic year (add the boxes above) *

Section 3: Grad PLUS Borrower Authorization

This form must only be completed by the Grad PLUS borrower.

By signing below, I certify that I am, indeed, the Grad PLUS borrower indicated on this form and that I am requesting the total loan amount indicated above.

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Date * +

Email Address *