William D. Ford Federal Head Father or mother Also Mortgage (Lead As well as Mortgage)

Exit Guidance: Once you graduate, stop attending or are no longer enrolled in at least 6 credit hours, you will be required to complete Exit Counseling, even if you plan to transfer to another school or return to Ivy Tech Community College in a future semester. Exit Counseling explains your responsibilities for repayment of your Direct Loan and provides information on how to manage your student loans. To complete Exit Counseling, visit and click on the “Complete Exit Counseling” link.

Repayment: Since this is a loan, you must repay the funds you borrowed along with any interest or fees that may have accrued.

You’ll find numerous installment choice. The amount and length of your repayments is determined by just how far the lent and hence fees plan you select. Getting details about the different fees plans, visit .

To locate a complete history of their federal financing borrowing and you will to locate your loan servicer (in the event your loan(s) was basically allotted to a servicer), get on the newest Federal Student loan Research System (NSLDS) at nslds

When your financing is in installment, it might be assigned to that loan servicer. You may be notified who is repair your loan(s) one which just enter fees. ed.gov using your FSA ID.

Regarding Head Loan program, the fresh You.S. Company out-of Education ‘s the bank for the student loan. New Lead Along with financing program can be obtained to help you mothers off a oriented undergraduate scholar that is entitled to educational funding. Instead of the fresh Lead Loans for students, in the event, mothers making an application for an immediate In addition to Financing must meet particular borrowing requirements.

  1. Your own scholar need over a free Application getting Government Student Aid (FAFSA) on that have Ivy Tech Community University indexed as among the college or university choice (school code: 009917). For individuals who or even the beginner have to complete another data, those individuals must getting analyzed because of the Educational funding Office in advance of your loan qualification shall be computed.
  2. Sign up to having the FSA ID. Not as much as “Get Support” eat on the paydayloansindiana.org/ relationship to “Make an application for a grandfather And additionally Mortgage” and you may proceed with the methods. Note: A credit check could well be did.
  3. In case the borrowing from the bank is eligible, make an effort to done a master Promissory Mention (MPN). Definitely complete the MPN into “Parent In addition to” loan solution.
  4. Your information will be sent to Ivy Tech Community College, where the School funding Office will determine the maximum amount you can borrow. The Financial Aid Office will process your loan for the amount requested or the amount available, whichever is greater. Please note: if you selected the loan period for the entire academic year, your loan amount will be split in to half for fall semester and half for spring semester.

If your credit is not approved during the credit check process, you still have options if you wish to receive the Direct PLUS Loan. You will be notified of these options after the credit check is complete or you can contact your student’s campus School funding Place of work for information. If you are not able to obtain a Direct Parent PLUS Loan, your student may be eligible for additional Direct Unsubsidized Loan funds. The student should contact his/her campus Financial Aid Office for more information.

Borrowing Constraints: The amount a parent can borrow is based on the student’s enrollment, grade level and other financial aid received. Based on these factors, the Financial Aid Office will determine the maximum amount you can borrow.

You have got multiple servicers based your loan history

Upload and you may Refunds: All federal student aid, including Direct PLUS Loans, must first be sent to Ivy Tech Community College to pay any outstanding tuition, fees or other applicable charges. If there are excess funds from the Direct PLUS Loan after all applicable charges have been paid, a refund will be generated. Visit for more information on the posting and refunding process.