Possible to cover cost of attendance (EFC = 0)

<p>I think it’s likely they would be denied. This is probably pretty obvious, but the only way to prove that, and in doing so get boosted loan limitation, is to actually apply for the loan and provide the denial, correct?</p>

<p>Even with an EFC 0, many parents do qualify for Plus Loans if their credit is good. Plus Loans have rather minimal qualifying standards…such as no very late payments, etc. Maybe those loans aren’t dischargeable in bankruptcy so qualifying is easier.</p>

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PLUS loans are much easier to qualify for than private loans. Unless your parents have an adverse credit history it is by no means obvious that they will be denied.

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Yes. Parents must apply for the PLUS and be denied.</p>

<p>Many parents who are sure they will be denied the PLUS are passing the credit check this year. Even folks in active bankruptcy proceedings are having them approved. There are still a number who are denied, but you can’t “count on it” anymore.</p>

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Goodness, that just seems so wrong.</p>

<p>They can’t escape the loan through bankruptcy because these are educational loans.</p>

<p>Yes, but giving new student loans to people who are already bankrupt just seems wrong to me.</p>

<p>Something about how the government wouldn’t want to hurt people by keeping them from financing the cost of their kids’ education…</p>

<p>You probably already know how I feel about that.</p>