What are my options if my parent is denied a Federal PLUS Loan?
Denial of a federal parent loan entitles the student to borrow an additional Stafford loan as an unsubsidized amount up to $4,000 for first- and second-year students and $5,000 for third- and fourth-year students. Other options include alternative student loans (with a credit-worthy cosigner, if required) and the TMS Payment Plan.
Denial of a federal parent loan entitles the student to borrow an additional Stafford loan as an unsubsidized amount up to $4,000 for first- and second-year students and $5,000 for third- and fourth-year students. Other options include alternative student loans (with a credit-worthy cosigner, if required) and the Tuition Payment Plan.
Related Questions
- What is the aggregate loan limit for a dependent undergraduate student whose parent has been denied a Federal PLUS Loan but who is eligible for an additional unsubsidized Federal Stafford Loan?
- What are my options if my parent is denied a Federal PLUS Loan?
- I was denied a Parent PLUS loan. What are my options?
