For candidates who've been determined to possess a undesirable credit rating, but be eligible for a Direct Parent PLUS loan by documenting extenuating circumstances or acquiring an endorser must finish the PLUS Counseling and an innovative new Master Promissory Note at studentaid. Pupils can review their file status by logging within their MyOregonState account.
The student may submit a Student Loan Revision form to request an increase in the Ford Direct unsubsidized student loan if a Parent Plus loan has been credit denied for this year.
Even though the Parent Plus Loans don't have annual or aggregate maximums, they truly are just offered to the credit authorized moms and dads of students who will be undergraduate and considered reliant for FAFSA purposes. The Parent Plus Loan option would not be available if a student is turning 24 or will otherwise be considered independent for a given aid year. Please review the FSA web site for more information on dependency status.