Hello, I recently applied for a Parent Plus loan. I was approved, but thought that I would be given an option to compare interest rates, as was the case with the application for the MEFA loan. However, the requested amount has appeared on my online SAR from my school. Since I think I will opt for the MEFA loan, I requested that this loan be removed from my SAR. Will there be any trouble for doing this? Since the loan has not been disbursed, will I have to pay any fees?
Applied for a Parent Plus Loan. Was approved, but now after looking at other options, don't want it?
??
You’re a high school senior. How did you apply for a Plus Loan??
Why aren’t you asking the college FA office about this?
If you took out a Parent Plus and don’t want it, cancel it as soon as you can and before it is distributed to the school. If you have not signed an acceptance, don’t- if you don’t want it.