What are the Common Line status codes for Grad PLUS loans?
Until service providers can implement the addendum language electronically, how will the Grad PLUS borrower apply for a loan? Pre- Addendum- Borrower can get a credit decision only and the transaction will suspend. Post- Addendum- Borrower can get credit decision, e-sign and print. This transaction will suspend as well, because in both scenarios, the school cannot complete the certification until 7/1/2006. Can a school that participates in the PLUS Loan Program choose not to make loans to graduate and professional students? No. A school that participates in the Federal PLUS Program must make PLUS loans available to both parent and graduate or professional student borrowers, as applicable. A school may not choose to make Federal PLUS Loans available only to its parent borrowers, or only to its graduate and professional student borrowers. Can a lender that participates in the PLUS Loan Program choose not to make loans to graduate and professional students? Yes. A lender that participates
