The PLUS Loan Problem
“This week, the U.S. Department of Education announced changes to the PLUS loan underwriting standards that may help previously denied PLUS loan applicants obtain loans. This will be welcome news to previously approved loan applicants who found themselves unexpectedly denied last year. But federal PLUS loans can be risky business for graduate students and parents of undergraduates who can use them to borrow up to the full cost of attendance at college,” NASFAA President Justin Draeger writes in an opinion piece for Inside Higher Ed. “The National Association of Student Financial Aid Administrators offers three recommendations to add vital consumer protections to Federal PLUS loans.”
Read the whole article originally published in: Todays News Feed.