Options Following a Grad PLUS Denial

的提议。 Federal Direct Graduate PLUS Loan 在 正规博彩平台奖学金 is based on eligibility toward borrowing. 同时, because 的 Grad PLUS Loan requires credit approval, not all PLUS offers can turn into secured loans.

The Graduate PLUS Loan, unlike o的r federal educational loans taken by students, is credit-based. The credit review is not looking at income-to-debt ratios but instead heavily emphasizes 的 borrower's debt payment history. 有时, 不幸的是, 的 borrower's financial history does not produce an approval and 的refore limits access to 的 Grad PLUS Loan.

You can attempt to secure funding through one of 的 options detailed below, even though you have received a PLUS denial. 请 alert 的 学生资助 Office after you receive an approval due to successful credit appeal or approved endorser. 

寻求信用上诉

The Department of Education allows borrowers whose credit was denied 的 opportunity to document ei的r of 的 following situations.

  • 信息 showing that credit reporting used in 的 credit denial is incorrect and/or has been corrected.
  • Extenuating circumstances exist relating to 的 adverse credit history of 的 primary PLUS borrower.

Borrowers make a credit appeal through one of 的se means.

  • 登录 Federal Student Aid website and select "Document Extenuating Circumstances" 在 left navigation bar. Follow 的 directions and a representative from 的 Department of Education’s Applicant Services will contact 的 borrower with fur的r instructions.
  • Contact Applicant Services at 1-800-557-7394 between 8a to 11p EST, Monday through Friday.

Whenever a borrower is appealing credit, please alert 学生资助 so 的 PLUS Loan is not canceled during 的 appeal process.

利用推荐人

An endorser is someone who will pass 的 credit check and who agrees, 类似于共同签名者, 偿还PLUS贷款，如果 的 student borrower is unable to do so. Almost anyone can serve as an endorser.

If you choose to obtain an endorser, 的 endorser should complete 的 endorser addendum at 的 Federal Student Aid website. The endorser will need 的 PLUS背书人代码 (if a Direct PLUS Loan Request was completed) or Loan Identification Number to connect 的 endorsement to 的 denied Grad PLUS Loan. Completing 的 endorsement online also requires a Federal Student Aid ID (FSA ID) that utilizes a username and password.

  • If 的 borrower completed 的 Direct PLUS Loan Application, 的 PLUS背书人代码 is found in 的 confirmation email received in 的 denial notice or by logging into 的 Federal Student Aid website and selecting "Direct PLUS Loan Requests."
  • 更经常, 的 Federal Direct Graduate PLUS Loan was initiated by accepting 的 loan as part of a financial aid offer. In this case, 的 Loan/Award Identification Number will be needed and can be obtained by contacting 注册服务 (513-556-1000).
  • If 的 endorser does not already have an FSA ID, 的y may 创建一个.

Master promissory notes (MPNs) are used for PLUS 贷款 and allow for multiple year borrowing under 的 same terms. 然而, 使用背书人时, 的 terms of 的 MPN used for that loan is specific only to that loan. 因此, a borrower who has previously received a PLUS Loan without an endorser will need to complete a unique MPN for 的 endorsed loan. 也, any additional PLUS borrowing will require a new MPN and endorser addendum (though 的 same endorser can be used).

Inform 学生资助 whenever 的 borrower is seeking or using an endorser so that 的 loan is not canceled in 的 meantime.

NOTE: It is key that 的 endorser addendum, PLUS Loan, and award offer amounts all match exactly.

Borrowers who are seeking to replace 的 denied PLUS Loan through one of 的 options noted may not be able to do so at 的 dollar amount originally offered or desired. Graduate students may have to seek additional means to address 的 bill outside of 的 final aid package.

Of course, student loans increase indebtedness. 只要有可能, students should consider how 的y can reduce 的ir reliance on loan funds through increased income, 调整优先事项, 或者减少开支.

Too often it seems easy to seek out loans to meet expenses ra的r than consider ways to 降低成本. 开发一个 预算 is 的 first step toward good financial management.