Do I need to complete a Direct PLUS Loan Master Promissory Note?
Yes, you must complete a Direct Loan Master Promissory Note before you can receive a Direct PLUS Loan because it explains all the terms and conditions your your loan and is the legal binding agreement to repay the loan.
What does the Direct PLUS Loan request allow me to do?
It allows you as a parent borrower to designate whether the school pays any credit balance to the student or to you; request a deferment while student is in school.