2022-23 Federal Direct Parent PLUS Change 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 after 10/1/20 is 4.228%

Section 1: Student Information

BW Student ID # *

(The BW Student ID # can be found on the Financial Aid Offer Letter)

BW Student's Last Name *

BW Student's First Name *

Section 2: Parent Borrower Information

Parent Borrower's Last Name *

Parent Borrower's First Name *

Last 4-digits of SSN *

Section 3: Loan Change Request

Choose only one option below

Option 1

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

I wish to DECREASE the Federal Direct PLUS loan

I acknowledge that I am requesting the loan to be reduced.

Option 2

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

I wish to INCREASE the Federal Direct PLUS loan

I acknowledge that increasing the loan will add to my federal loan balance.

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 2022 disbursement *

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

I wish to receive this amount for the Spring 2023 disbursement *

CONFIRMATION of the TOTAL amount of PLUS loan you wish to receive for the 2022-23 academic year (add the boxes above) *

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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Date * +

Email Address *