What if I’m denied a PLUS Loan due to adverse credit history?
If the parent applicant is not approved for the PLUS loan, he or she will have the ability to obtain an endorser by completing the request on studentloans.gov. If the parent does not have an endorser, the student can contact our office to request an additional unsubsidized Federal Stafford Loan ($4,000 for freshman and sophomore level, $5,000 for junior and senior level). If a graduate student is denied a PLUS Loan, they can explore private loan options.
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?
- If a parent is denied a Parent PLUS loan because he has a adverse credit history, must the lender send an adverse action notice to that parent?
- What if parents are denied for the Parent PLUS loan?
