Federal Direct PLUS Loan Change Request Form

This form should only be used to submit any Federal Direct PLUS loan change requests.

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

When changing the amount of your federal Direct PLUS loan, please keep the following in mind:
 
Maximum Annual Loan Limit:
Cost of education less any other financial aid received by the student.

Parents are encouraged to budget their costs for the entire academic year when determining the amount of PLUS loan needed, since the loan is divided equally over the academic period.

Fees:
There is an origination fee with any Federal Direct Student loan. The fee for a PLUS loan before 10/1/18 is 4.264% and after 10/1/18 is 4.248%

Section 1: Student Information

(The BW Student ID# can be found on the financial aid award letter)

Section 2: Parent Borrower Information

Section 3: Loan Change Request

(Choose only one option below)

Option 1
 
If you wish to reduce your Federal Direct PLUS loan, please complete the REDUCTION section below.
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 DECREASE the Federal Direct PLUS loan
(If you wish to cancel the loan entirely for the year, please enter zero in the box above)



Option 2  (two steps required)
 
If you wish to increase your Federal Direct PLUS loan, please complete the INCREASE section below.
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 INCREASE the federal Direct PLUS loan ( Please follow the instructions below)
A Federal Direct PLUS loan INCREASE must be approved by the Department of Education, please go to http://www.studentloans.gov and "log in." (This is a parent loan and credit-based, so the parent borrower's information must be used when signing in.) After signing in, click on "Apply for a PLUS loan" and request the amount you want for the full year. Indicate that you are increasing the loan on the 'Submission Reason' question.

Section 4: Parent Borrower Authorization

This form must only be completed by the parent PLUS borrower.
 
By electronically signing below, I certify that I am, indeed, the parent PLUS borrower indicated on this form and that I am requesting the total loan amount indicated above.
 *
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