Big Increase in Percentage of Families Rejected for PLUS Loans

Paying for College
1

<p>[Standards</a> tightening for federal PLUS loans | Inside Higher Ed](<a href=“http://www.insidehighered.com/news/2012/10/12/standards-tightening-federal-plus-loans]Standards”>http://www.insidehighered.com/news/2012/10/12/standards-tightening-federal-plus-loans)</p>

<p>In late 2011, the Feds tightened credit standards for the issuance of PLUS loans to parents of college students.</p>

<p>From the above October 2012 article:</p>

<p>“Based on last year’s trends, nearly half of would-be PLUS borrowers this academic year might be turned away, according to an analysis by Mark Kantrowitz, publisher of Finaid.org.”</p>

2

<p>Mark Kantrowitz has no credibility with me. Why doesn’t he update his EFC calculator on his website?
It is for the school year 2008-2009. A little bit outdated!!!</p>

3

<p>I can give anecdotal evidence based on my experience that the standards seem to have tightened up in the past couple years.</p>