How does the plus loan effect married parents

Staceypa
Thu, 02 May 2013 04:32:31 +0000

My father said no to the plus loan but said my mother can apply for it and my mom told me that she would do it. They are married. If my mom does get approved and takes out the loan in what ways would it impact my father? Would the loan be attached to him in any way? Would effect his taxes or credit? He doesn’t want the loan to affect him in any kind of way. Also are you able to defer plus loans while in school?

Unrelated question: I transferred from community college to a university and according to the school and my advisor 60 of my credits transferred. That means I am a junior right? So how come my financial aid office awarded me 5,500 in stafford loans? Isn’t that the freshman amount? Also my status says freshman. How can I go about them upgrading me to the correct class level and giving me the junior 7,500 stafford loan? Would this be something that the registration office would handle?