Parent borrowers should be the reliant pupil’s biological or adoptive moms and dad or even the pupil’s stepparent, in the event that biological or adoptive moms and dad has remarried at the time of the complimentary Application for Federal scholar help (FAFSA) is finished.
For educational funding purposes, students is known as reliant if they is under 24, unmarried, and has now no appropriate dependents at that time the FAFSA is submitted (exceptions are built for veterans, orphans, as well as other unique circumstances). Dependent pupils must make provision for moms and dad income all about their FAFSA.
Parent PLUS loan borrowers should be U.S. Residents or qualified non-citizens, should not be in default on any education that is federal or owe an overpayment for a federal training grant, and cannot have a detrimental credit score (a credit check is likely to be finished). Continue reading