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Region
Parents find tougher road getting PLUS loansPublished 10/23/08
It's harder these days to get private loans for college, but some families are also having trouble getting a federal parent loan. Unlike Stafford loans, where students qualify no matter their credit history, parents must pass a credit check to get a federally guaranteed Parent Loan for Undergraduate Students. And they must pass this check each year they apply for a loan. A parent PLUS loan covers the cost of college, minus any financial aid. There are no national statistics on PLUS loan denial rates. But according to Department of Education figures, the dollar amount of parent loans for the three months ended in June...
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