Parent Plus Loans

[mark671]

<p>Does anyone know if you will be denied a Parent Plus loan if you had collection medical bills on your credit report but they are now paid off?</p>

[4kidsdad]

<p>See [PLUS</a> Loans | Federal Student Aid](<a href=“http://studentaid.ed.gov/types/loans/plus#can-i-still]PLUS”>http://studentaid.ed.gov/types/loans/plus#can-i-still)

A credit check will be performed during the application process. If you have an adverse credit history, you may still receive a Direct PLUS Loan by obtaining an endorser who does not have an adverse credit history or documenting to the U.S. Department of Education’s satisfaction extenuating circumstances relating to your adverse credit history. If you are a parent borrower, the endorser cannot be the child on whose behalf you are borrowing.

</p>

[kelsmom]

<p>If you are denied, you can challenge the decision. I have had students who successfully challenged Grad PLUS denials that were due to unpaid bills - but I can’t tell you that everyone who has overdue bills that were paid will have their loans approved or will be able to successfully challenge a denial. The only way to know for sure, unfortunately, is to apply & find out.</p>