<p>Without having the ability to review his financial aid records at both institutions, I can only speculate. The only idea within reason, which comes to mind, is that maybe the first school had a "no loan" policy?? Other than that, I really don't a any clue how they couldn't have offered either sub or unsub to your child. Even if they use an institutional formula, one woulod think that your child would have at least qualified for some unsubsidized funding, in addition to the Parent PLUS loan.</p>