White House eases credit guidelines for PLUS loans

White House eases credit guidelines for PLUS loans

“WASHINGTON — The Obama administration, under pressure from black college presidents and lawmakers, has made changes to the PLUS loan program that might help thousands of families qualify for the college financial aid.”

“The Education Department said families that have small-scale debt might now become eligible for PLUS loans through appeals.”

“Black lawmakers have pressured the administration, saying large numbers of applicants have been denied aid under tighter credit rules.”

(see link for full story)

Advertisements