Andrew Gillen over at the Center for College Affordability and Productivity challenges my post yesterday on how PLUS loan denials could be used as a tactic for driving some borrowers toward private loans.
One of the certainly pertinent questions that Gillen raises is why would a lender deny a borrower’s PLUS loan application if they then [...]
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More on PLUS Denials
Do PLUS Denials Help Private Loan Borrowing?
For many families, PLUS loans are an important source of borrowing to pay for expenses not covered by a Stafford loan. With basically no limit—parents can take out an amount equal to the cost of attendance minus any aid received—and a fixed interest rate of 7.9 percent or 8.5 percent depending on the program borrowed [...]






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