What are the borrowing requirements for the federal PLUS Loan?
Parents must pass a credit check with their lender. If they don’t pass, they may still be able to receive a PLUS loan if they can demonstrate that extenuating circumstances exist, or if they have an endorser who is willing to cosign the loan with them. Additionally, the student must meet the general eligibility requirements for federal student aid and parents must meet some of these general requirements, such as being US citizens or eligible noncitizens as well as not be in default or owe a refund to any federal student aid program.
