Parent PLUS Loan Denial
For a Federal Parent PLUS Loan, the lender will perform a credit check and generally notify both the parent and the Financial Aid Office within 1-2 business days whether the loan was approved or denied.
If the parent borrower is denied a Federal Parent PLUS loan, they may reapply with an endorser, or the student may be eligible to borrow additional Federal Stafford Unsubsidized Loan. Once the Financial Aid Office is notified by the lender of the denial, we will determine the student’s eligibility for an additional Federal Stafford Unsubsidized Loan.
If the parent borrower prefers to reapply with an endorser, please notify the Financial Aid Office and we will cancel the additional Federal Stafford Unsubsidized Loan.
